Itaú to pay $220 mln for Citigroup's Brazil retail banking assets
October 08, 2016 at 08:05 AM EDT
SAO PAULO, Oct 8 (Reuters) - Itaú Unibanco Holding SA agreed on Saturday to pay 710 million reais ($220 million) for the retail banking assets of Citigroup Inc in Brazil, further cementing the leadership of Latin America's No. 1 bank by market value among wealthy clients in the country.