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Citigroup to sell OneMain Financial to Springleaf Holdings
Citigroup to sell OneMain Financial to Springleaf Holdings

Baltimore will lose the headquarters of OneMain Financial Holdings after Citigroup agreed to sell the personal finance company to Springleaf Holdings in a $4.25 billion deal. The sale announced Tuesday would create one of the nation's largest consumer finance companies with nearly 2,000 branches offering loans to so-called subprime borrowers with less than stellar credit ratings. While Evansville, Ind.-based Springleaf plans to run the combined company from its executive office in Connecticut, it intends to retain a large presence in Baltimore. "Baltimore will remain a significant corporate center for the combined company," said Citigroup spokesman Mark Costiglio, adding...

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