Investing.com - Citigroup (NYSE:C) is merging its EMEA and Asian consumer banking units.
The merger plans were included in an internal memo seen by Reuters.
James Griffiths, a spokesman for Citigroup in Hong Kong, confirmed the memo.
He said the merger is “part of ongoing efforts to become a leaner, simpler organization.”
The move won’t impact headcounts in EMEA or in Asia, Reuters reported.