Associated Press | Citigroup Inc. is closing 330 branches of its U.S. consumer finance business as part of a restructuring aimed at finding a buyer for the unit, the bank said Tuesday.

The branch closures at CitiFinancial will result in about 500 to 600 job cuts across 48 states, the bank said.

The U.S. business of CitiFinancial will also be split into two parts, one offering personal, home equity and refinancing loans and the other handling loan modifications and restructuring, Citigroup said.

Get the full story: Citi reorganizing US consumer finance business.