Babej On Citi Sale of Taiwan consumer business: 'We remain committed to growing our market-leading institutional franchise and supporting clients in the market'

By BD | Aug 17, 2023

Citi announced the completion of the sale and migration of its Taiwan consumer businesses to the Singapore bank DBS on Aug. 14. The agreement, originally disclosed in January 2022, includes retail banking, credit cards, mortgages, and unsecured lending and involves the relocation of approximately 3,000 staff members to DBS's domain, a Citi release said.