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Citigroup CFO Sees No Impact From China’s Regulatory Crackdown

The Citigroup logo on a building.
Photographer: Brent Lewin/Bloomberg

Citigroup Inc.’s chief financial officer said China’s recent moves to crack down on companies isn’t likely to harm the bank’s business across the Asia-Pacific region.

While Citigroup has decided to exit retail banking operations in some Asian markets, it will continue to offer services to large corporations in the region through its institutional-clients group, Mark Mason said on a conference call Friday for fixed-income investors. That means the bank is monitoring the situation in China “very closely,” he said.