A Citibank branch in Beijing on December 6, 2002. Photo: BloombergA Citibank branch in Beijing on December 6, 2002. Photo: Bloomberg
A Citibank branch in Beijing on December 6, 2002. Photo: Bloomberg

Wall Street stands to lose tens of billions of dollars in China from deteriorating relations between world’s two largest economies

  • Five big US banks had a combined US$70.8 billion of exposure to China in 2019
  • While their assets in the country are comparatively small, they have big expansion plans there that may come undone if financial services firms are dragged into the tit-for-tat between the two countries
Topic |   Banking & Finance
A Citibank branch in Beijing on December 6, 2002. Photo: BloombergA Citibank branch in Beijing on December 6, 2002. Photo: Bloomberg
A Citibank branch in Beijing on December 6, 2002. Photo: Bloomberg
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