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Citi, U.S. Bancorp Get Out Of Brazil Card Market

April 25, 2016
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Citi, U.S. Bancorp Get Out Of Brazil Card Market

April 25, 2016
Citigroup and U.S. Bancorp have inked a pact to offload their joint venture in a Brazilian card payment processing unit, Elavon do Brasil. The terms of the deal were not disclosed, reported Reuters. However, the months of negotiations over the deal seem to have ended. Both companies confirmed the transaction on Friday (April 22), but no quantitative […]