What caused Citi to abandon its retail banking business in 13 countries

Citigroup (ticker: C) announced on 4/15/2021 that it would withdraw from retail banking in 13 markets in Asia, Europe, the Middle East and North Africa, including Taiwan, but continue to provide institutional customer services; including private banking, cash management department, investment bank and transaction department, etc. Chief Executive Freiser stated that she will change four … Continue reading “What caused Citi to abandon its retail banking business in 13 countries”

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