Citibank Singapore closing unit that serves small businesses

The move comes after Citigroup said it would exit from its consumer franchises in 13 markets.
The move comes after Citigroup said it would exit from its consumer franchises in 13 markets. PHOTO: ST FILE

SINGAPORE - Citibank Singapore is closing its CitiBusiness arm, which serves small and medium-sized enterprises (SMEs).

About 2,000 customers have been told that their deposit accounts will be closed with effect from Aug 11 and advised to transfer their balances before then.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.