"Citigroup" does not continue to announce the termination

[limited]

“Citigroup Inc.” will end small-scale businesses in some countries in Asia, Europe and the Middle East. After unable to expand at the level that can be "competitive"

On April 16, 2021, BBC News reported that US financial firm Citigroup Inc. or "Citi" announced that it would terminate retail operations in 13 markets in Asia, Europe and the Middle East.

Citigroup will สมัครสล็อต close retail operations in Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.

And will open the business in only 4 markets: Singapore, Hong Kong, United Arab Emirates and the UK

"Jane Fraser", CEO, Citigroup stated. After the latest strategy tweak, the company will "put in all its efforts" in its wealth management business. And opened only 4 small businesses in these markets

With stating that Although businesses in other 13 countries have operated their business with great success But the company cannot expand at the level that it can be "competitive".


With the belief that the funds And other resources would be more appropriate to invest in a wealth management business. Which will yield higher returns

However, for countries that will close small businesses Will continue to serve large customers within these countries.