Key facts: Citigroup to sell Russian unit; analysts predict gains ahead
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Citigroup's board approved the sale of its Russian unit to Renaissance Capital, expecting a pre-tax loss of $1.2 billion. The stock fell 0.82% after the announcement.12KBW analysts see Citigroup as a major U.S. bank likely to gain from relaxed regulations and expected gains in net interest margins due to a steeper yield curve.3
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