Citi Takes Billions in Taxpayer Bailout Money, Then Focuses on Lending to Those Who Don't Really Need Loans

"Executives at the New York company plan to narrow the focus of Citigroup's U.S. branch network to six major metropolitan areas, according to people familiar with the situation. Citigroup also will limit its overall consumer lending in the U.S. primarily to credit cards and "jumbo" mortgages, while catering largely to affluent customers."