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.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you