This is part of Citigroup's strategy to emphasize on growth in core businesses through restructuring, expense management and streamlining operations internationally. The divestiture is subject to regulatory approvals and is anticipated to close in the first half of 2017. Moreover, the amount for the sale remained undisclosed. This transaction is not likely to affect Citi's financials. 4. Putting an end to almost a three-year old investigation, related to alleged violation of the Foreign Corrupt Practices Act (FCPA), JPMorgan Chase & Co. ( JPM - Free Report ) has agreed to pay $246 million in aggregate to the U.S. regulators.