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Citigroup (NYSE:C) plans to close its consumer finance unit in Italy and reduce its employees in...

Jul. 27, 2009 8:27 AM ETCitigroup Inc. (C)CBy: Rachael Granby, SA News Editor
Citigroup (NYSE:C) plans to close its consumer finance unit in Italy and reduce its employees in the country to 500-1,000 as it works to refocus on its Citicorp business. Shares -4.4% premarket.

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