WebMay 3, 2024 · According to McKinsey, foreign banks’ share of assets in mainland China actually fell to 1.2% in 2024 from 1.8% in 2010. At this point, it would be hard for any … WebApr 16, 2024 · US banking group Citibank on April 15 said that it will exit the Southeast Asian and broader Asia-Pacific market for retail banking and just keep its private banking division in Singapore. The bank announced it will exit consumer banking in 13 countries in East Asia including Thailand, Malaysia, Philippines, Indonesia, Vietnam, China and …
Citibank’s retail banking calls it quits in Southeast Asia
WebApr 15, 2024 · Citibank will shut its India retail banking business — including credit cards, savings bank accounts and personal loans — as part of a global decision to exit 13 markets, as the US-based lender focuses on a few wealthy regions around the world. Citi started retail operations in India in 1985 and was among the pioneers of credit cards. It will focus … WebApr 14, 2024 · View Financial Supplement (Excel) New York, April 14, 2024 – Citigroup Inc. today reported net income for the first quarter 2024 of $4.6 billion, or $2.19 per diluted … inami handicap
Citi Speeds Asia Exit Global Finance Magazine
WebApr 15, 2024 · Apr 15, 2024, 6:38 AM. Citi Chief Executive Jane Fraser. Erin Scott/Reuters. Citi announced it was departing 13 consumer banking franchises across Asia and … WebApr 15, 2024 · Citi to exit India consumer business through sale, says customers won't be impacted. It is the end of an era, with Citibank announcing its intention to exit the consumer banking business in India, first started back in 1985. The bank will now look for a buyer for its consumer book, including the credit cards business as part of its exit strategy. WebNov 8, 2024 · Citigroup Inc said on Monday it expects to take a cash charge of nearly $1.2 billion to $1.5 billion related to the closure of its consumer banking business in South Korea. inch shells