Citi to sell $97 mln S.Korea consumer assets-paper

Newswire

SEOUL, May 22 (Reuters) - Citigroup has put some of its South Korean consumer finance unit's holdings up for sale, in line with the U.S. bank's plan to shed non-core assets, a local newspaper reported on Thursday, citing unnamed industry sources. Citigroup declined to confirm the report, saying that it was developing its local consumer finance business. The largest U.S. bank, hit hard by flagging mortgage and the credit market crunch, has said it plans to shed $400 billion non-core ...

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