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The New York bank announced that it would cease consumer activities in 13 countries, mostly across Asia, to focus on wealth management and other businesses.
Total revenue declined seven percent to $ 19.3 billion due to low interest rates and a 10 percent decline in credit
Citigroup will exit China, India and eleven other markets where "we don't have the scale we need to compete," said Jane Fraser, general manager of Citi.
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