Four banks short-listed to buy Citibank Japan's retail business

Sep 20, 2014

Four banks short-listed to buy Citibank Japan's retail business

Citibank Japan has narrowed down candidates to buy its retail banking business to four Japanese banks, including Sumitomo Mitsui Banking Corp., Sumitomo Mitsui Trust Bank and Shinsei Bank, it was learned Saturday. The four candidates survived the first round of auction conducted by the ...

Sep 12, 2014

Megabanks bid for Citigroup's retail operation

An auction to sell Citigroup Inc.’s consumer banking business in Japan apparently attracted around six domestic lenders, including the three largest banks, sources close to the matter said Friday. Citibank Japan Ltd. will continue the bidding process and is expected to complete the transaction ...