MANAMA: Citigroup plans to exit its consumer banking business in 13 markets across Asia and EMEA, including Bahrain, as part of a strategy refresh to “double down on wealth”.
A statement issued yesterday after the third-largest US lender reported market beating first-quarter profit, quoted newly appointed chief executive Jane Fraser as saying, “As a result of the ongoing refresh of our strategy, we have decided that we are going to double down on wealth .