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Palladium shoots to new records as deficit-fuelled rally reignites

Palladium shoots to new records as deficit-fuelled rally reignites
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DBS, StanChart among potential bidders for Citi s Asia consumer business

FILE PHOTO: People walk past a Citibank branch in New York. REUTERS/Andrew Kelly/File Photo SINGAPORE/HONG KONG: Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup s consumer business in Asia, people with direct knowledge of the matter told Reuters. The sale process will start within a couple of weeks, the people added, declining to be named as they were not authorised to speak to media. The move comes after Citi said that it would exit from its consumer franchises in 13 markets, 10 of which are in Asia, as it refocuses on its more lucrative institutional and wealth management businesses in these markets.

Hong kongKotak mahindraFinancial groupAxis bankPayment services ltdSumitomo mitsui financial groupKotak mahindra bankMitsubishi ufjStandard charteredSoutheast asiaState bankDbs groupஹாங் காங்கோட்டக் மஹிந்திராநிதி குழுஅச்சு வங்கி

Citibank Korea to escalate feud with union in exit strategy

Citibank Korea to escalate feud with union in exit strategy Posted : 2021-04-19 16:30 By Lee Min-hyung The union and top management of Citibank Korea are set to escalate their feud amid the lender s decision to shut down its consumer banking business here, with the former threatening to stage an all-out strike against any possibly ensuing personnel restructuring. This came in response to Citi s recent decision to pull its consumer finance businesses ― such as loan, deposit and credit card services ― out of the Korean market. It remains undecided how the Korean subsidiary of the global banking group will put together a detailed exit strategy.

Soult ukpyolsiSouth koreaFinancial services commissionCitibank koreaதெற்கு கொரியாநிதி சேவைகள் தரகுசிட்டி குழுமம்சிட்டி வங்கி கொரியா

Why do so many MNC banks give up pursuit of retail El Dorado in India?

Why do so many MNC banks give up pursuit of retail El Dorado in India? SECTIONS Share Synopsis A few years later in 2007, ABN Amro, which had acquired Bank of America’s retail business in 1998, sold out to RBS following a global deal. In the last decade, Deutsche Bank, ING, RBS and HSBC sold significant portions of their retail businesses in the country. Reuters (This story originally appeared in on Apr 17, 2021)Mumbai: For decades, multinational banks have sought to tap the continent-sized Indian market. Unlike other multinational entities, banks are not able to sweep the market as authorities in India and elsewhere grant branch licences very judiciously.

India generalUnited statesBamrish rauGunit chaddhaHindustan leverDeutsche bankDeutsche bank asiaPine labsForeign banksஇந்தியா ஜநரல்ஒன்றுபட்டது மாநிலங்களில்அம்ரிஷ் ரௌசிட்டி வங்கிஹிந்துஸ்தான் நெம்புகோல்டாய்ச் வங்கிடாய்ச் வங்கி ஆசியா

Why do so many MNC banks give up pursuit of retail El Dorado in India

Why do so many MNC banks give up pursuit of retail El Dorado in India Top Searches Why do so many MNC banks give up pursuit of retail El Dorado in India Mayur Shetty / TNN / Updated: Apr 17, 2021, 14:15 IST FacebookTwitterLinkedinEMail MUMBAI: For decades, multinational banks have sought to tap the continent-sized Indian market. Unlike other multinational entities, banks are not able to sweep the market as authorities in India and elsewhere grant branch licences very judiciously. Yet, over half a dozen multinational banks have pumped in billions of dollars to grow their retail business across India, only to sell them and exit in the last two decades (see graphic).

India generalUnited statesBamrish rauGunit chaddhaHindustan leverDeutsche bankDeutsche bank asiaPine labsBusiness newsஇந்தியா ஜநரல்ஒன்றுபட்டது மாநிலங்களில்அம்ரிஷ் ரௌசிட்டி வங்கிஹிந்துஸ்தான் நெம்புகோல்டாய்ச் வங்கிடாய்ச் வங்கி ஆசியா