Citigroup to exit GCB consumer franchises in Malaysia, Thailand, Vietnam, and 10 more markets Details Published: 16 April 2021
Citi will focus its Global Consumer Bank presence in Asia and EMEA on four wealth centers Singapore, Hong Kong, the UAE and London.
The affected businesses include the consumer franchises in Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam. Citigroup’s Institutional Clients Group will continue to serve clients in these markets.
As such, Citi will focus its Global Consumer Bank presence in Asia and EMEA on four wealth centers Singapore, Hong Kong, the UAE and London.
As Citi exits India retail biz, foreign banks, card-companies may explore M&A
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Citigroup cuts consumer banking in 13 countries
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