SINGAPORE, Jan 15 (Reuters): Citigroup Inc reported a 26% drop in fourth-quarter profit on Friday, reeling from weakness at its consumer banking arm and a surge in expenses driven by costs stemming from the exit of its retail businesses in Asia.
The lender has been shedding the last of its consumer businesses outside of the United States as part of a "strategy refresh" started by Chief Executive Officer Jane Fraser, who took the helm in March.
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