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Tuesday, March 17, 2015

BRIEF-Citigroup to exit Argentina custody business, (NYQ: C)

Citigroup Inc : * Plans to have citibank Argentina unit develop and execute plan to exit custody business in that country as soon as possible -- court filing frombank lawyer * Says made decision in light of recent court order blocking it from processingsome Argentina bond payments, and Argentina's threat to strip its bankinglicense * Has yet to determine precise manner by which citibank Argentina will exit

Citigroup Inc., is a financial services holding company. Shares of C remained unchanged at $53.69. In the past year, the shares have traded as low as $45.18 and as high as $56.95. On average, 20964800 shares of C exchange hands on a given day and today's volume is recorded at 15300.