Citigroup CEO Prince to resign: paper

NEW YORK (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) Chief Executive Charles Prince plans to resign, the Wall Street Journal said on Friday, citing people familiar with the situation.

Prince plans to offer his resignation at a board meeting on Sunday, the newspaper said, citing the people.

Prince became chief executive in October 2003. His departure would end a troubled reign in which he struggled to boost profitability, cut costs and bolster a lagging share price.

(Reporting by Jonathan Stempel)