Banks in Singapore tighten management after 3-billion-USD money laundering case
June 11, 2024 | 09:46
Banks in Singapore, including Citigroup and DBS Group Holdings, are ramping up scrutiny of their wealthy customers and potential clients to avoid exposure to illicit flows.
A strengthened position for supply chain ecosystems
June 16, 2023 | 14:40
Regional supply chain shifts are underway. Ramachandran a.s., Citi country officer for Vietnam, shared his views with Hoang Anh on how Vietnam can take ad-vantage of this for further economic development.
VinFast signs 4-billion-USD deals with Credit Suisse, Citigroup for EV factory in US
July 13, 2022 | 22:32
Automaker VinFast on July 13 announced that it has signed agreements with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc. to raise at least 4 billion USD to develop an electric vehicle factory in North Carolina, the US.
Citi agrees to sell consumer segment in the region to UOB Group
January 14, 2022 | 11:46
Citi agrees to sell consumer segment, including its retail banking and credit card businesses, but excluding the bank’s institutional businesses in four countries.
Retail arm withdrawal plans hit road blocks for Citigroup
November 03, 2021 | 16:24
Despite announcing plans to pull out of the consumer banking business in 13 nations, including Vietnam, earlier this year, US-based financial group Citigroup has been unable to ensure that all of its divestiture plans would yield the desired conclusion with a perfect partner.
Citigroup in retreat from retail banking
April 28, 2021 | 08:00
Facing challenges from local rivals, some foreign financial institutions have withdrawn their retail banking businesses in Asian markets, including in Vietnam, and placed their priority on institutional customers.
Foreign bank moves pointing to repositioned focus
April 27, 2021 | 20:00
Banking giant Citigroup has decided to shut down its retail division in 13 markets, including Vietnam, to reset focus on institutional clients. Kent Wong, partner, head of Banking and Capital Markets at VCI Legal, explained to VIR’s Celine Luu why some foreign lenders are withdrawing, and how fierce the competition between international and locally-invested banks is in Vietnam.
Citigroup to withdraw retail banking division from 13 markets, including Vietnam
April 16, 2021 | 20:57
Citigroup has announced that it would withdraw its retail banking division from 13 markets in Asia, Europe, the Middle East, and Africa, including Vietnam.
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