A Citibank branch in New York. The American bank announced plans to wind down its Chinese consumer banking business on Thursday. Photo: Bloomberg
A Citibank branch in New York. The American bank announced plans to wind down its Chinese consumer banking business on Thursday. Photo: Bloomberg

Citi’s exit from China retail banking business to affect 1,200 employees

  • American bank announced plans to exit consumer banking in 14 markets internationally last year
  • Citigroup has announced sales in nine markets, and is also winding down its Korean retail banking and Russian operations

A Citibank branch in New York. The American bank announced plans to wind down its Chinese consumer banking business on Thursday. Photo: Bloomberg
A Citibank branch in New York. The American bank announced plans to wind down its Chinese consumer banking business on Thursday. Photo: Bloomberg
READ FULL ARTICLE