Monday, April 6, 2026

Citi to sell Southeast Asian assets in $3.6 billion deal

Citigroup Inc agreed to sell consumer-banking businesses in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank (UOB) Ltd for about S$4.9 billion (US$3.6 billion), as Chief Executive Officer Jane Fraser continues her push to simplify the New York-based bank.

Source : https://www.bangkokpost.com/world/2247183/citi-to-sell-southeast-asian-assets-in-3-6-billion-deal

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