Citigroup said Tuesday it reached an agreement to sell its Diners Club North America card business to BMO Financial Group (BMO). The deal gives BMO exclusive rights to issue Diners cards in the US and Canada. Details of the deal were not disclosed, but Citi said it would reduce its assets by around one billion dollars, with no major impact ...

Citigroup Inc. said Tuesday it is selling its Diners Club North American franchise to BMO Financial Group as it continues to shed noncore assets and streamline operations. Financial terms of the deal were not disclosed. The sale of the North American operations comes more than a year after Citigroup ...

BMO Financial Group said Tuesday that it will buy the Diners Club North American franchise from Citigroup Inc., more than doubling its corporate card business. The move alleviates Citigroup of all Diners Club operations, as it sold of the company's international business to Discover Financial Services last ...