DUESSELDORF, Germany - Citicorp's German subsidiary said it is setting up a holding company to make it easier to comply with that country's new capital requirements.

The holding company, Citibank Beteiligungen, will begin operations on Saturday. It will be parent of three units: Citibank AG; Citibank Privatkunden, a private banking unit; and Citicorp Kartenservice, a credit card company.

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