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Citi to exit consumer banking in 11 markets; Q3 profit improves

Bank also says its probe revealed a new US$15m fraud at its Mexican unit

New York

CITIGROUP Inc said it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the US bank with the biggest international business looks to cut persistently high costs.

The third-largest US bank, built with a series of acquisitions spanning back to