Citigroup withdrawal from Taiwan and 13 other countries
14 April 2021 ❤ 3
Bloomberg has pointed out that Citigroup plans to withdraw from the retail market and the banking business in 13 different markets and countries across Asia, Europe, the Middle East and Africa, this includes Taiwan. Today they issued a statement saying that customer rights will not be affected.Â
Citigroup stated that they will be withdrawing from Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand, and Vietnam, although they will continue to provide institutional client group products in these malket, including cash management, investments, trading and private banking.Â
Citigroup will switch to operating consumer finance in asia and EMEA to wealth centers located in Singapore, Hong Kong, the United Arab Emirates and London.
For existing customers there has been no timetable for the sale of taiwans consumer finances, and there will be not consumer finance change, and all righst will be protected.Â
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