• Bloomberg


Citigroup Inc., which paid $7.7 billion in April to acquire securities firm Nikko Cordial Corp., opened its second new branch in a week Monday as part of plans to double its banking network in Japan.

“We have a big push to grow our international business,” Citigroup Chief Executive Charles Prince said at the opening of the branch in Chiba. “Japan is a very important part of our strategy, and we have very important growth plans going forward.”

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