Citigroup Inc. (C) plans to sell its $10 billion Private Equity unit, expanding list of money-management businesses the U.S. bank is disposing of to reduce debt, the Bloomberg reported, citing people familiar with the matter.
Citi Private Equity, which takes minority stakes in companies and invests in other buyout funds, oversees about $2 billion of Citigroup's money, report stated.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.