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Citi's 13-market exit a strategic matter of survival in era of digital disruption
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Under new chief executive Jane Fraser, Citi has decided it will depart China, India, Malaysia and 10 other markets.
PHOTO: REUTERS
SINGAPORE - American banking giant Citigroup raised eyebrows last week when it said it would exit 13 consumer markets.
Under new chief executive Jane Fraser, Citi has decided it will depart China, India, Malaysia and 10 other markets where it does not "have the scale" needed to compete.
