Wednesday, July 11, 2007

Citigroup to boost number of Japan branches 40 pct

(Reuters) - Three years after Japanese regulators forced Citigroup to shut down its private banking business due to rules violations, the world's largest financial firm is attempting to rebrand itself for the Japanese market.




This month it relaunched its local unit, Citibank Japan Ltd., as a Japanese bank, becoming the first foreign lender to receive a license to operate as a local entity.


Read more at Reuters.com Business News

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