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 ...
Premium Content (PAID Subscription Required)
"Citi to sell $97 mln S.Korea consumer assets-paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.