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As Citi exits India retail biz, foreign banks, card-companies may explore M&A

As Citi exits India retail biz, foreign banks, card-companies may explore M&A
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.

Hong kongNew delhiRepublic ofCity ofUnited kingdomSanjeev sharmaJane fraserGlobal consumer bankCitigroup institutional clients groupIndian bankGlobal consumer bankingInstitutional clients groupஹாங் காங்புதியது டெல்ஹிகுடியரசு ஆஃப்நகரம் ஆஃப்

Citigroup cuts consumer banking in 13 countries

Citigroup cuts consumer banking in 13 countries
fstech.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fstech.co.uk Daily Mail and Mail on Sunday newspapers.

Hong kongRepublic ofCity ofUnited kingdomJane fraserCitigroup institutional clients groupInstitutional clients groupஹாங் காங்குடியரசு ஆஃப்நகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்ஜேன் ஃப்ரேசர்சிட்டி குழுமம் நிறுவன வாடிக்கையாளர்கள் குழுசிட்டி குழுமம்நிறுவன வாடிக்கையாளர்கள் குழு

Citigroup profit triples on reserve release, to exit some consumer units in Asia

Citigroup Inc (C.N) trounced first-quarter profit expectations, thanks to a rebound in the broader economy and a jump in investment banking activity, and said it will exit some overseas businesses as new chief executive Jane Fraser starts to make her mark on the country's third-largest lender.

New yorkUnited statesHong kongUnited arab emiratesCity ofUnited kingdomNiket nishantAnirban senJane fraserChris kotowskiSriraj kalluvilaDavid henrySohini podderThomson reuters trust principlesJpmorgan chase coInstitutional clients group

Citigroup profit triples on $3 85 bln reserve release

Citigroup profit triples on $3.85 bln reserve release Reuters 4 hrs ago April 15 (Reuters) - Citigroup Inc trounced analysts first-quarter profit estimates on Thursday as its outlook for an economic recovery driven by vaccinations and government stimulus allowed it to release reserves set aside for loan losses from the pandemic. Popular Searches The bank also said it would exit its consumer businesses in 13 markets across the Asia and EMEA regions, as part of a broader strategic review under new Chief Executive Officer Jane Fraser. As part of the move, Citi will divest those businesses in countries like Australia, China and India. While the other 13 markets have excellent businesses, we don t have the scale we need to compete, Fraser said in a statement.

United arab emiratesHong kongCity ofUnited kingdomJane fraserInstitutional clients groupCitigroup incChief executive officer janeUnited arabஒன்றுபட்டது அரபு அமீரகங்கள்ஹாங் காங்நகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்ஜேன் ஃப்ரேசர்நிறுவன வாடிக்கையாளர்கள் குழுசிட்டி குழுமம் இன்க்

Citigroup announces retail business exit from India, 12 other countries

Citigroup on Thursday said it was exiting retail banking in India and 12 other countries across Asia and parts of Europe to focus on its wealth management business, as it lacked the “scale” to compete in this space. . The decision to exit retail businesses from a few markets was one of the first moves by newly appointed CEO Jane Fraser after she took over the US-headquartered bank in February. . On Thursday, Citigroup, while announcing its quarterly results, said it would exit its consumer franchises in India, Australia, Bahrain, China, Indonesia, Korea, Malaysia, Philippines, Poland, Russia, Taiwan, Thailand, and Vietnam. . Citigroup’s Institutional Clients Group will continue to serve clients in these markets, which remain important to Citi’s global network, the bank said in its statement.

Hong kongUnited kingdomRepublic ofCity ofJane fraserGlobal consumer bankBarclays bankAxis bankShanghai banking corporationIndusind bankDeutsche bankCitigroup institutional clients groupCiticorp services indiaKotak mahindra bankLakshmi vilas bankAfrican firstrand bank