Citigroup Inc. plans to exit retail banking in 13 markets across Asia and the Europe, Middle East and Africa region.
The move is part of an ongoing review of the company's strategy by Chief Executive Officer Jane Fraser, who took over last month.Bank Negara Malaysia has issued a revision of its Foreign Exchange Notices following the liberalisation of foreign exchange policies last month. This new range of models, largely catered towards the mass market, could potentially mark the start of a major car replacement cycle, as car buyers look to replace their existing vehicles.
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