Citi reorganises China wealth business

Citi will provide private banking services under the umbrella of its consumer banking arm.

Citi is reorganising its private banking business in China, and while it will continue to offer private banking services, it will be under the umbrella of its consumer banking arm.

Citi remains entirely committed to the private banking space in China, and we will continue to invest in it, a spokesman said in a statement yesterday. Any speculation that we are halting our business in this area is untrue. We continue to provide our clients with superior service as we...

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