Business
Citigroup to exit consumer banking in 13 markets – BBC News
The US banking group will shut down its retail operations in countries including China and India.
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Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East.
The US banking group will instead run these operations from four hubs in Singapore, Hong Kong, the United Arab Emirates and London.
It will continue to offer products to larger clients and institutions in these markets.
Its chief executive Jane Fraser said it “does not have the scale” to compete in these 13 markets.
Citigroup will shut down consumer banking operations…
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