• Kyodo

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Citigroup Inc. has held the second round of an auction to sell its retail and credit card businesses in Japan, apparently short-listing two domestic banks, sources close to the matter said.

Sumitomo Mitsui Banking Corp. and Sumitomo Mitsui Trust Bank are considered potential buyers of Citibank Japan Ltd.’s retail division and Citi Cards Japan Inc., the sources said Friday.

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