Citi sells credit card holdings

Citigroup sold its interest in three North American partner credit card portfolios representing about $1.3bn (€907m) in managed assets, continuing the banking giant's effort to focus on its core operations.

Terms of the deals weren't disclosed. The portfolios were part of Citi Holdings.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink