Citigroup Inc on Monday followed rival Wall Street banks by accelerating its withdrawal from Russia, saying it is no longer taking on new clients and will further cut its exposure, raising the prospect it could take substantial losses.Citigroup follows rivals JPMorgan Chase & Co and Goldman Sachs Group Inc, which last week said they were unwinding their operations in Russia and not pursuing new business there. European lenders, such as Deutsche Bank, have made similar moves.Citigroup has exposure of nearly $10bn in Russia, the most of any United States bank, and had previously warned it could lose nearly half of that in the worst-case scenario.
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