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Citi to cease operations in Haiti
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Citi to cease operations in Haiti
Jul 8, 2024 10:53 AM

(Reuters) - Citigroup ( C/PN ) said on Monday it was ceasing its operations in Haiti due to diminished international activity and lower institutional client demand in the country.

The bank has maintained a presence in Haiti for more than five decades.

Citi will voluntarily surrender its banking license, it said, adding that the move will not have a material economic impact.

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