Citigroup (C -3.1%) ends its 92-year presence in Belgium with the sale of its Belgian retail...

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

Citigroup (C -3.1%) ends its 92-year presence in Belgium with the sale of its Belgian retail operations to French lender Credit Mutuel Nord Europe for an undisclosed price. The sale is part of Citi's strategy to pare non-core assets after the bank required more government support than many other financial institutions during the financial crisis.