Citigroup has yet to announce the details of its retail banking exit strategy from South Korea as of Sunday, but the most probable scenario is that the firm will break up its consumer business here ... ( read original story ...)
SBI Can Acquire Citibank India? What Will Happen To 27 Lakh Credit Card Users In India?
CitiBank has decided to quit the Indian market. This exit of the giant has created an opportunity particularly for those domestic private banks that are looking to scale up their credit card business. ( read original story ...)
Shut the door on banks like Citigroup that abandon Malaysia, says Nube
Citigroup Inc has reneged on many promises while reaping hefty profits from years of operating in Malaysia, and as such, should never be allowed to return to operate in the country, said National ... ( read original story ...)
S’pore trails in Asia-Pacific’s first-quarter IPO bonanza
SGX has one new listing - Aztech Global - as region's exchanges see 200 IPOs raising $46b. Read more at straitstimes.com. ( read original story ...)
SMG’s talks with third party lapse; UOB Kay Hian still rooting for stock
HEALTHCARE services provider Singapore Medical Group (SMG) is no longer in talks with a third party regarding a possible transaction involving ... ( read original story ...)
Best steamboat buffets: Cost and promotions
For more birthday promos, check out our article on Birthday Treats You Need To Take Advantage Of In Singapore. When you pay with a DBS/POSB credit card or debit card, get a $10 return voucher with a ... ( read original story ...)
ThaiBev puts beverage unit IPO in Singapore on ice
Thailand liquor giant Thai Beverage will postpone a proposed initial public offering of its brewery unit, BeerCo, on the Singapore Exchange, the company said Friday, citing a resurgence of coronavirus ... ( read original story ...)
Citibank: Why one of the world’s largest and most iconic banks is wrapping up its retail business in India
While the bank's exit from its consumer banking business in the country is part of the group's plan to utilise capital resources better, it is also reflective of the intense competition foreign banks ... ( read original story ...)
Citibank exits 13 consumer banking markets globally including China, Australia & Malaysia
Europe and Asia. Retail banking consumers within these countries will face the shut down of their Citibank credit cards, saving bank accounts and personal loans according to The Economic Times. ( read original story ...)
Banking sector stays sound, despite Citibank’s exit
The Malaysian banking industry is expected to remain sound and robust despite Citigroup Inc’s intention to exit the country, and 12 other markets. The 12 other affected consumer franchises are in ... ( read original story ...)
What does CitiBank’s exit from retail business mean for its rivals in India?
Even CitiBank India employees do not have much clue on why the global management decided to exit the consumer business, something Citi was well connected with for over a century. ( read original story ...)
Get loan approved before shopping for a car with OCBC’s new initiative
The bank uses a secured data portal to assess eligibility and determine the loan amount in a minute.. Read more at straitstimes.com. ( read original story ...)
Coal Loans to Keep Singapore’s DBS Tied to The Fuel Until 2039
DBS Group Holdings Ltd. said it will maintain exposure to the coal sector until 2039, by which time its loans to mining and generation companies using the dirtiest fossil fuel will be repaid. ( read original story ...)
DBS Bank to end thermal coal financing by 2039
The pledge makes it the first Singapore bank to commit to a zero coal exposure target. Experts praised the announcement, but highlighted the climate legacy the lender’s coal funding will leave behind. ( read original story ...)
Will the Darktrace IPO race out of the blocks?
UK cyber security company Darktrace has announced its intention to list in London in the coming weeks. Read our preview. ( read original story ...)
Singapore’s largest bank aims for zero thermal coal exposure by 2039
Piyush Gupta, chief executive of Singapore's DBS Group Holdings, says the bank will immediately stop taking on new clients that derive more than 25% of their revenue from thermal coal. ( read original story ...)