Citigroup to Sell Taiwan Consumer-Banking Business to DBS

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Citigroup agreed to sell its consumer-banking business in Taiwan to DBS, as it shrinks its international retail footprint to focus on serving businesses and affluent clients

Citigroup Inc. agreed to sell its consumer-banking business in Taiwan to Singapore-based DBS Group Holdings Ltd. , the latest in a series of divestitures as it shrinks its international retail footprint to focus more on serving businesses and affluent clients.

The deal, which includes a premium for Citigroup of more than $700 million, means it has now found buyers for seven of the 10 consumer markets in the Asia-Pacific region that it had wanted to exit.

 

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And doesn’t want to piss of the CCP

Another shrinking American business

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🇪🇺11:04-The economic sentiment among consumers and businesses in the Eurozone decreased further in January in comparison to the previous month.The Economic Sentiment Indicator declined by 1,4 points to 111,6 in the EU and by 1,1 to 112,7 in the Eurozone, but still,as the document

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