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Citigroup Exits Asian Retail Banking Market In Shift To Wealth Management

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In April 2021, Citigroup announced it would exit consumer banking in 13 markets across Asia, Europe, the Middle East, and Africa (EMEA).  This decision affected countries like India, China, South Korea, Australia, Bahrain, Vietnam, Indonesia, Malaysia, Poland, Russia, Taiwan, Thailand, and the Philippines. It was part of a bigger plan…

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