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Singapore's DBS to buy Citigroup Taiwan consumer bank assets

DBS Group Holdings agreed to buy Citigroup’s consumer banking assets in Taiwan, as Southeast Asia’s largest lender pushes ahead with plans to boost its regional presence. ....

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Frustrating battle for market share


Challenging times: The Citigroup Inc building in Sydney. Citigroup plans to exit retail banking in 13 markets across Asia, Europe, Middle East and Africa region. Bloomberg
SINGAPORE: Citigroup Inc’s plan to exit its retail business in China and India underscores the frustrating battle for market share international banks face in two of Asia’s largest economies despite plowing in billions of dollars over the past decade.
Increased rivalry from domestic lenders, especially in consumer financing, and fierce competition for top talent contributed to the challenges that overseas banks have often struggled to overcome. High capital and regulatory requirements also proved onerous. ....

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Citi Retreat Highlights Global Banks' Struggle in China, India


Citi Retreat Highlights Global Banks’ Struggle in China, India
Apr 16 2021, 1:10 PM
April 16 2021, 10:47 AM
April 16 2021, 1:10 PM
(Bloomberg) Citigroup Inc.’s plan to exit its retail business in China and India underscores the frustrating battle for market share international banks face in two of Asia’s largest economies despite plowing in billions of dollars over the past decade.
(Bloomberg) Citigroup Inc.’s plan to exit its retail business in China and India underscores the frustrating battle for market share international banks face in two of Asia’s largest economies despite plowing in billions of dollars over the past decade.
Increased rivalry from domestic lenders, especially in consumer financing, and fierce competition for top talent contributed to the challenges that overseas banks have often struggled to overcome. High capital and regulatory requirements also proved onerous. ....

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Citigroup's retreat highlights global banks' struggle in China, India

Read more about Citigroup s retreat highlights global banks struggle in China, India on Business Standard. Increased rivalry from domestic lenders, especially in consumer financing, and competition for top talent contribute to challenges. ....

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Citigroup Inc: Citi retreat highlights global banks' struggle in China, India


Synopsis
Increased rivalry from domestic lenders, especially in consumer financing, and fierce competition for top talent contributed to the challenges that overseas banks have often struggled to overcome. High capital and regulatory requirements also proved onerous.
Citigroup is also shuttering retail banking operations in countries from Australia to Indonesia and South Korea.
Citigroup Inc.’s plan to exit its retail business in China and India underscores the frustrating battle for market share international banks face in two of Asia’s largest economies despite plowing in billions of dollars over the past decade.
Increased rivalry from domestic lenders, especially in consumer financing, and fierce competition for top talent contributed to the challenges that overseas banks have often struggled to overcome. High capital and regulatory requirements also proved onerous. ....

South Korea , Citigroup Fraser , Mckinsey Sengupta , Jane Fraser , Joydeep Sengupta , Standard Chartered Plc , Financial Group Inc , Holdings Plc To Singapore , India Lakshmi Vilas Bank Ltd , Mckinsey Co , Group Holdings Ltd , Citigroup Inc , Mitsubishi Ufj , Chief Executive Officer Jane Fraser , State Bank , South Asia , Lakshmi Vilas Bank , Hsbc Holdings Plc , Retail Business , தெற்கு கொரியா , சிட்டி குழுமம் ஃப்ரேசர் , ஜேன் ஃப்ரேசர் , ஜோய்தீப் செங்குப்தா , தரநிலை பட்டய ப்ல் , நிதி குழு இன்க் , இந்தியா லட்சுமி விலாஸ் வங்கி லிமிடெட் ,