Citi changes focus to wealth units
Bank exits retail banking in 13 countries, mostly in Asia
Citi remains fully committed to Thailand and Asia-Pacific even as it announced plans to exit consumer banking in Thailand and 12 other countries.
This week, the bank announced it would exit consumer banking in Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.
Consumer business in Asia, the Middle East and Asia would be operated through wealth centres in Singapore, Hong Kong, the United Arab…
