All posts tagged "Citigroup"
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952Asia-PacificUOB to Acquire Citi Consumer Banking Units in Four Markets
The transaction is estimated to reduce UOB's CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and "well within regulatory requirements".
January 17, 2022 -
176ChinaCitigroup Applies to CSRC for China Securities Licence
Citigroup reportedly plans to also apply for a futures licence in China in the coming months.
December 6, 2021 -
537Australia & NZACCC Approves NAB Acquisition of Citi Consumer Business
In its review, which focused on competition in the supply of credit cards, the ACCC found that the transaction "would not substantially lessen competition".
November 26, 2021 -
285Australia & NZProsecutors Abandon Criminal Cartel Case Against ANZ
Prosecutors have decided to abandon the case against ANZ after being asked to refile their indictment a third time. The cases against Deutsche Bank and Citi will proceed.
November 8, 2021 -
248Korea
FSC Korea Orders Citi to Submit Detailed Plans on Market Exit
Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.
November 1, 2021 -
238InternationalCLS, Global Banks Collaboration on PvP Settlement in FX Market
Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.
September 15, 2021 -
131Australia & NZACCC Opens Competition Inquiry Into NAB-Citigroup Deal
The ACCC has asked interested parties to submit their views regarding NAB’s proposed acquisition of Citigroup’s Australian consumer banking business by 13 September.
August 31, 2021 -
173Australia & NZNAB Enters Agreement to Acquire Citigroup Consumer Business
Subject to regulatory approvals from the Treasury, APRA and the ACCC, the acquisition is expected to be complete by March 2022.
August 11, 2021 -
315ChinaJP Morgan Approved to Take Full Ownership of China Securities Unit
JP Morgan already had a controlling stake in the unit. The new approval makes it the first foreign firm to fully own a securities venture in China.
August 8, 2021 -
156China
CSRC Grants Citigroup Approval to Launch Custody Business
The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.
August 2, 2021
