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BusinessWorld
April 16, 2021 | 7:28 pm
A general view of the Citibank headquarters in Kuala Lumpur, Malaysia September 15, 2020. REUTERS/Lim Huey Teng
Citigroup, Inc. will leave its consumer banking business in 13 Asia-Pacific markets, including the Philippines, but continue to maintain a corporate banking presence.
“As a result of the ongoing refresh of our strategy, we have decided that we are going to double down on wealth. We will operate our consumer banking franchise in Asia and EMEA (Europe, Middle East, and Africa) solely from four wealth centers, Singapore, Hong Kong, UAE (United Arab Emirates) and London,” Citi Chief Executive Officer (CEO) Jane Fraser said in a statement on Thursday.
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