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Wednesday, November 21, 2012

Citi to slash Greek network, cites worsening economic environment


Globe and Mail

Citi to slash Greek network, cites worsening economic environment
Washington Post
ATHENS, Greece — U.S.-based Citigroup says it will close 16 of its 37 bank branches in Greece, citing the country's recession-hit “business and economic environment” — becoming the latest overseas lender to cut back its Greek operations. A statement ...
Citi to close nearly half of branch network in GreeceReuters
Citigroup Cuts Back Greek Banking As Austerity Pinches C JPMInvestor's Business Daily

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