Tag "Citi"
Citigroup to Expand Wealth Management Business in Greater Bay Area
Citigroup is set to bolster its wealth management operations in the Greater Bay Area and across Asia, leveraging its base in Hong Kong, as affirmed by its global head of wealth. Despite selling its mainland wealth business to HSBC in
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Citi Names Joy Cheng as Head of Commercial Bank in Hong Kong
Citi announced today the appointment of Joy Cheng as Head of Citi Commercial Bank (CCB) for Hong Kong, effective 1st February 2024, succeeding the recently retired Anson Kwok. With over 30 years of experience at Citi, including her recent role
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Citi Inks Deal to Sell Consumer Wealth Business in China to HSBC
Citi announced that it has agreed to sell its onshore consumer wealth portfolio in China to HSBC Bank. The transaction includes clients, assets under management (AUM) and deposits totaling approximately US$3.6 billion. The deal is expected to close in the
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DBS Now Largest Foreign Bank in Taiwan After Finalising Citi Acquisition
DBS Bank has wrapped up it acquisition of Citi Consumer Taiwan, positioning itself as the largest foreign bank by assets in that market. The integration was finalised over the last weekend (12 and 13 August 2023). Following this acquisition, DBS
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Citi’s Accelerator Ropes in Fintech Startups for Digital Economy Solutions
Citi hosted a virtual three-day Mega FinTech Accelerator featuring teams from 12 fintech firms who presented solutions for the digital economy. The three areas of focus were Seamless Payments and Receivables, Future of Open Banking as well as Data Empowerment.
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Hong Kong Fintech Week 2018 – Day 3 Highlights
Day 3 at Hong Kong Fintech Week at Hong Kong Exhibition and Convention Centre was buzzed with energy as the three stages hosted speeches and lively panel sessions to full houses, while the numerous fintech company booths attracted delegates amid the
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Citi Launches Live Chat to Service Hong Kong’s 1 Million Millionaires
Citi Hong Kong has launched Citi Live Chat, which enables the bank’s relationship managers to interact with their Citigold Private Client (CPC) and Citigold customers more conveniently, without needing third-party platforms like WeChat. The platform allows customers to connect with
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Citi Adds Three New API Partners in Hong Kong
Citi Hong Kong announced the addition of three new API (Application Programming Interface) partners as the bank continues its effort to promote the benefits of API usage and cross-industry collaboration with the aim of bringing banking and credit card services
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6 Citi Open API Partnerships in Hong Kong
Citi announced about 6 strategic partnerships with leading corporations in Hong Kong to accelerate the development of open Application Programming Interface (API) in the city and to make available easy and speedy banking services in response to consumers’ increasingly digital lifestyle.
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Internet Giants Are Threatening Incumbent Banks
“Bigtechs,” or Internet-based platform companies such as Amazon, Alibaba, Facebook and Tencent, are making inroads into the finance and banking business, threatening incumbent banks that are not responding fast enough to the digitalization of the industry, according to a new
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