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Citi exits consumer banking in 13 markets, doubles down on servicing Asia wealth

Citi plans to exit consumer banking in 13 markets across Asia and EMEA as part of an “ongoing refresh” of the bank’s strategy, announced by Citi CEO Jane Fraser. Resources will be redeployed in developing its Global Consumer Bank business in four Global wealth centres ‒ Hong Kong, Singapore, UAE and London. The American lender will exit its consumer franchise,…

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