DOW JONES NEWSWIRES

Citigroup Inc. (C) said Monday it reorganized its consumer group into two global businesses -- Consumer Banking and Global Cards -- as part of a reorganization at the banking conglomerate.

Teresa A. "Terri" Dial will join Citi as Global Head of Consumer Strategy and CEO of Consumer Banking in North America.

Citigroup has also consolidated its United States and international credit card businesses into a single global business led by Steven Freiberg, CEO of Global Cards.

The move comes after the successful initial public offering from Visa Inc. (V) earlier this month. Discover Financial Services was spun off from Morgan Stanely (MS) in July of last year.

-Steve Gelsi; 415-439-6400; AskNewswires@dowjones.com

  (END) Dow Jones Newswires
  03-31-08 0732ET
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