2008-05-21thehindubusinessline.com

Citigroup announced plans to extricate itself completely from new sub-prime lending in Britain, with the loss of up to 700 jobs,'' The Times reported on Tuesday. The bank is closing down Future Mortgages, its mortgage operation, and CitiFinancial, its unsecured loans business. It would close down 49 CitiFinancial branches in the country.


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