Citigroup retail boss departs

Citigroup’s head of retail banking, Terri Dial, has left the company as part of a broader move to refresh its senior management. It is understood executives were frustrated at her lack of success overhauling the retail unit, which has struggled with soaring loan losses. Her removal comes ahead of a shake-up on 19 January when the board meets to review CEO Vikram Pandit’s progress.