Citi Targets Top Spot in China as It Awaits Securities License

Citigroup Inc. is counting on securing an onshore securities license in China as the US lender expands operations in the world’s second-largest economy following a string of major consumer exits...

By Denise Wee · Bloomberg Markets

Citigroup Inc. is counting on securing an onshore securities license in China as the US lender expands operations in the world’s second-largest economy following a string of major consumer exits across Asia.