Citigroup (C) reportedly plans the sale of its Brazilian consumer finance unit, part of the...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) reportedly plans the sale of its Brazilian consumer finance unit, part of the bank's continuing plans to focus on more profitable areas. The unit - which focuses on low-income borrowers - could be a tough sell. HSBC tried and failed at selling a similar business last year.