Wealth and Asset Management
Citigroup Sells Taiwan Consumer-Banking Business to Singapore’s DBS
Citigroup has sold its consumer business in Taiwan to DBS Group as part of chief executive Jane Fraser’s strategy to simplify the U.S. bank’s operations and focus on more lucrative businesses. DBS (ticker: DBSDY) said it will pay Citigroup (ticker: C) cash equivalent to the net assets transferred to acquire…
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