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Citibank Korea has reported their most impressive quarterly earnings in over half a decade. The first-quarter net income witnessed a significant leap of 61% from the previous year, primarily due to a substantial rise in noninterest income. Citibank Korea…
Citi is amplifying its efforts to boost its foreign exchange business across Japan, North Asia, Australia, and South Asia with the addition of seven experienced professionals to its foreign exchange sales and trading teams since September. The strategic move…
Citibank Singapore has seen a remarkable uptick in digital wealth management transactions, surging by an impressive 165% over the past two years. This surge is largely attributed to the bank’s significant overhaul of its mobile app and website, which now…
Citibank has been honored as “Bank of the Year” in the Asia Pacific at the 2022 International Financing Review Asia Awards. The award was based on a unanimous decision by the editors of IFR Asia, a leading regional capital markets magazine. The recognition…
Switzerland has always been a magnet for the super-wealthy. In the last two years, more families and their wealth have moved to the country. Citigroup’s General Market Manager for Switzerland said who has been coming over and why. Having worked in several…
After failing to find buyers, Citi has decided to close its consumer and commercial banking businesses in Russia. Citi will shut down its Russian consumer and commercial banking businesses starting this quarter, it said in a statement Thursday. The closure…
Binding bids for Citigroup’s retail assets across Asia are due within the coming week with interest drawn from both fellow global banks and local players. Binding bids for Indonesia, the Philippines, Taiwan, and Thailand are due on Friday, according to a…
Citigroup has reportedly hired the former Southeast Asia head of investment banking from Goldman Sachs. Harry Naysmith will join Citi as its vice chairman of banking, capital markets and advisory for Southeast Asia. Naismith joined Goldman Sachs in 2013, last…
Citigroup CEO Jane Fraser’s first-quarter debut featured strong earnings worldwide and in Asia where the American lender is eyeing growth opportunities, particularly from private wealth in the region. Citi’s consumer banking unit in Asia saw $5.2 billion in…
Two of Singapore’s «big three» lenders are said to be interested in acquiring parts of Citi’s consumer business, which is downsizing worldwide. DBS Group, OCBC, Mitsubishi UFJ Financial Group (MUFG) and Standard Chartered intend to bid parts of the bank’s…
America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers. The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale…
Citi appoints a senior corporate banker for China, amid growing expansion in the mainland market. Luke Lu has been named head of corporates coverage for China, reporting to Citibank China CEO Christine Lam and APAC head of corporate banking Kaleem Rizvi. A…
Will McLane was named Asia Pacific vice chairman of technology at Citi, according to an internal memo, in addition to his existing role as vice chairman of the global financial institution’s group (FIG). We have asked McLane to assist the APAC technology team…
As part of its network reconfiguration, Citi is shuttering its iconic branch at McDonald House on 28 February. For its replacement, the U.S. bank said it will soon launch a whole new and exciting retail banking branch experience after its MacDonald House…
Citi’s head of retail banking in the city-state leaves after more than two decades with the American lender. Charles Wong exits the bank after nearly five years in his last role as Singapore head of retail banking. A spokesperson for the bank confirmed his…
Citi Private Bank hires a former managing director from UBS to lead its South Asia FX advisory team based in Singapore. Christian Schuwey joins the bank, effective immediately, with responsibilities to drive «significant growth» in Australia, Brunei, India,…
