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Report: Citigroup considering keeping store credit card unit

7/14/2011

London —A Wednesday report by the Financial Times said that Citigroup Inc. may retain its store credit card unit, after trying to divest it earlier.


The $41 billion unit could be moved out of Citi Holdings, according to the report, over to its core credit card operations.


Citi, whose store credit card unit has such clients as Zale, Home Depot, Macy’s and Sears, has not commented on the reports.

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