WSJ: Citi considering sale of retail ops in Japan

|By:, SA News Editor

Amid a continuing push to pare back its sprawling operations, Citigroup (C +0.8%) is mulling a sale of its retail-banking business in Japan, reports the WSJ. The move would still leave the bank with its corporate and investment banking divisions there.

Since Michael Corbat became CEO in late 2012, Citi has exited retail operations in a number of countries, most recently agreeing to sell units in Greece and Spain.

Citibank Japan currently has 33 branches with deposits of $39B.