Citi to sell Venezuela operations to BNC

On February 14, 2017, a man walks past a Citi Bank branch in Caracas, Venezuela. The photo was taken on February 14, 2017. Marco Bello/REUTERS 12 JULY (Reuters) – Citigroup Inc (C.N) announced on Monday that it will sell its Venezuelan operations to Banco Nacional de Credito (BNC). Citi expects the deal to the Venezuelan bank, which has gained regulatory permission, to finalize in the coming weeks. Sanjana Shivdas contributed reporting from Bengaluru, and Krishna Chandra Eluri edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More