Citigroup touts global network to investors

Business / Corporate Jun 6, 2016

Citigroup touts global network to investors

by Kazuaki Nagata

Despite its withdrawal from Japanese retail banking more than a year ago, Citigroup sees good prospects for companies seeking business opportunities abroad and investors interested in global markets, the head of its Japan operations said. "All of the trends that you see in corporate Japan ...

Business / Corporate Apr 6, 2015

SMBC Trust to absorb Citi's retail business in Japan on Nov. 1

Sumitomo Mitsui Banking Corp. said Monday that subsidiary SMBC Trust Bank will absorb Citigroup Inc.'s consumer banking business in Japan on Nov. 1. SMBC had previously said SMBC Trust Bank would complete the consolidation with Citibank Japan Ltd.'s retail operations in October, but it pushed ...

Business Dec 9, 2014

Sumitomo Mitsui reportedly to buy Citigroup's Japan bank

Sumitomo Mitsui Financial Group Inc. will announce an agreement to buy Citigroup Inc.'s Japanese consumer-banking business as soon as next week, sources with knowledge of the matter said. The lending unit of Japan's second-biggest bank by market value will purchase the operations from Citibank Japan ...