“No final decision can be taken until that process concludes.”Ĭitigroup has been revamping its personal-banking arm as part of plans to shutter retail-banking operations in more than a dozen markets around the world. “Citi has begun the process of collectively consulting with employees of its UK retail bank in more detail about the proposal,” the lender said in the statement. The majority of clients wouldn’t be affected until next year, the New York-based company said in the statement. The company will invite UK customers that meet the profile of its private bank to make use of those services as it winds down the operation, according to a statement about the proposal Wednesday. wants to focus its UK retail-banking operation on its wealthiest customers as the Wall Street giant revamps its overseas presence.
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