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Citigroup to expand investment banking biz in China
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Citigroup to ramp up Chinese investment banking plan
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BusinessCitigroup to ramp up Chinese investment banking plan - source
Scott Murdoch
3 minutes read
The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha/File Photo
Citigroup (C.N) plans to expand its investment banking business in China and will soon apply to set up local underwriting, sales and trading and futures trading businesses by the end of June, a person with direct knowledge of the matter told Reuters.
The move comes after the U.S. bank revealed last week it would sell its retail banking assets in 13 markets, including mainland China.
Citigroup to Ramp up Chinese Investment Banking Plan
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