Recent Posts

Citigroup plans to exit Mexico retail banking

  Bloomberg Citigroup Inc is planning to exit retail-banking operations in Mexico — where it has its largest branch network in the world — as part of CEO Jane Fraser’s continued push to overhaul the firm’s strategy. The lender will keep its institutional businesses in the country, according to a filing. The exit could ultimately take the form of a ...

Read More »

Green push ending 150-year tradition of bank passbooks in Japan

  Bloomberg Mitsubishi UFJ Financial Group Inc will start charging new customers for a bank passbook, joining other Japanese lenders that are pushing clients to kick the 150-year-old habit for the sake of the environment. The country’s largest bank will require new clients to pay 550 yen ($4.83) a year for a passbook, encouraging them to embrace digital services, people ...

Read More »

Jefferies joins growing list of China equity bulls on valuations

  Bloomberg Jefferies Financial Group Inc strategists turned bullish on Chinese stocks, saying they’re due for a rebound after getting hammered by a year of regulatory crackdowns and a slowing economy. After being underweight on Chinese equities for most of 2021, “the case for a mean-reversion led bounce is building,” Jefferies strategists including Desh Peramunetilleke wrote in a January 17 ...

Read More »
Send this to a friend