Citigroup (C) has signed Eric Trump as a client, setting up a trust that holds some of US President Donald Trump's money, Bloomberg reported Thursday, citing sources familiar with the matter.

Sources told Bloomberg that Citigroup mulled how to restrict information on the new trust within key employees, with the report referring to the trust as a "sensitive topic" for the bank.

Citigroup did not immediately respond to MT Newswires' request for comment.

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