Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Citigroup to Add 70 Retail Branches in Asia Within 12 Months

July 15 (Bloomberg) -- Citigroup Inc., the third-biggest U.S. bank by assets, said it plans to add 70 retail branches in Asia during the next 12 months.

The expansion will increase the number of Citigroup’s branches by 10 percent to 780, spokesman James Griffiths said today. The Wall Street Journal reported the New York-based bank’s plans earlier on its website.

Citigroup also hopes to announce a partner for an equity brokerage joint venture in China by yearend, the newspaper reported, citing an interview with Asia-Pacific Co-Chief Executive Officer Stephen Bird.

“China is a priority market for Citi globally, and we’ve said we are actively pursuing a local underwriting license, but we have no further updates now,” Griffiths said in a telephone interview from Hong Kong.

To contact the reporter on this story: Craig Trudell in New York at ctrudell1@bloomberg.net

To contact the editor responsible for this story: Alec McCabe in New York at amccabe@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.