URGENT! Citigroup Leaves China Unionpay, Foreign Banks Withdraw Faster Over Massive Financial Risks
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URGENT! Citigroup Leaves China Unionpay, Foreign Banks Withdraw Faster Over Massive Financial Risks
A few years after Citigroup shut down its personal banking operations in China, it made another significant announcement. On September 5, Citigroup stated in a press release that, due to a gradual reduction in its personal consumer business with UnionPay in China, Citigroup (China) is no longer a member of UnionPay. However, the statement ...
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