Citi’s Asian ambitions threatened

8 April 2011 | 2 minutes read

Shortly after Citigroup CEO Vikram Pandit and senior employees at the bank’s Indian operations were charged with misappropriating US$100 million from private banking client accounts, the bank faces similar charges in Southeast Asia’s most populous country.  Citigroup’s ambitions for its wealth management and private banking services in Indonesia have received a body-blow as Indonesian central bank governor Darmin Nasution has…

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