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Citi to shut 75% of South Korean branches amid digital and private banking push

Citibank Korea plans to cut three-quarters of its 133 branches in the country by the end of 2017 – a move that dovetails with the American lender’s push towards digital and private banking, according to media reports. The branch closures are part of Citibank’s downsizing strategy, according to a report by the Nikkei Asian Review, which added that the lender…

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