Tag: bank

Citi’s Consumer Company in China: Years of Red Ink

SHANGHAI—When Citigroup Inc. started taking deposits from Chinese families in April 2007, the bank observed with gongs and television teams placed at its teller windows. It ’s a landmark indicated annually in red ink. Citi has lost almost $350 million since 2009 attempting to serve consumers that are Chinese, according to amounts in its Chinese unit’s small-seen yearly filings. The bank’s businesses in the state are lucrative complete, trading and thanks to its company serving [...]

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Scotiabank goals for bigger piece of the $192-million charge card industry

The bank has inked a take care of ADVERTISEMENTS Worldwide that can have its agents finishing telemarketing sales of some charge cards, March 29 effective. Scotiabank said the shift opens an additional sales funnel up to get into its credit cards. Wendy Birthwright, senior director, Adjustable Items (Caribbean Central), mentioned the bank’s charge cards are sold through non-part channels, limbs, Scotia’s contact heart, now ADS Global. “This approach will ensure that we preserve and increase [...]

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