1.

Citibank can close its personal banking business by withdrawing from personal consumption loans. Citigroup China announced the gradual closure of its personal banking business. According to 2 1 Century Business News Daoqi Group, it will gradually close its personal consumer banking business in China. After the termination of local employees, users who owe money need to continue to repay.

2.

In another case of withdrawal, the letter from Chase Bank asking for withdrawal from Canada was infuriating. The purpose is that Chase Bank of the United States even wrote off all credit card arrears of Canadian cardholders.

2. What should Citibank do if it withdraws from personal consumption loans?

1.

Citibank can close its personal banking business by withdrawing from personal consumption loans. Citigroup China announced that it would gradually close its personal banking business. According to 265438+20th Century Business Herald, in 65438+February 65438+May, Citigroup said it would gradually close its personal consumer banking business in China, which is expected to affect about 1200 local employees. After termination, users in arrears need to continue to repay.

2.

In another case of divestment, Chase Bank of America withdrew from the Canadian credit card market. What makes people angry is that Chase Bank of America even wrote off all credit card arrears of Canadian cardholders.

3. How to get a personal loan from Citibank?

1. The age should be between 18 and 55 (inclusive);

2. Have China nationality (except Hong Kong, Macao and Taiwan);

3. Work and live in Beijing and Shanghai;

4. Have a stable occupation, and the after-tax income of the salary card is more than 4,000; The maximum loan amount is RMB 200,000.00. The approved loan interest rate will be determined according to your credit status, with the annual interest rate of 8.8% as the benchmark interest rate, with a fluctuation of 65,438+05%.

The longest loan period is 36 months.

Repayment methods include online bank transfer, remittance repayment, automatic transfer repayment and counter repayment.

Citibank Happiness Loan can be used for any reasonable personal consumption purpose, such as home, hiking, study, wedding banquet, decoration, car purchase service, etc. Happiness loan can help you realize your dream of happiness in advance. Loans shall not be used to purchase real estate, subscribe for and trade stocks or any other equity investment.

4. Why did Citigroup withdraw from the China market?

Although Citi's personal banking business in China is profitable, the scale effect has never reached a higher level, and the profit rate has never been high. In addition, due to different national conditions, foreign exchange is limited every year, as is cross-border remittance. Therefore, more customers put part of their assets in Citigroup, rather than their main cash assets in Citigroup.

In addition, many high-net-worth corporate customers need to deposit their assets in state-owned banks because of social relations and other influences. Compared with Citigroup's private banking, investment banking and corporate business, it takes a lot of resources to continuously improve the profit rate of individual banks in the above areas, which is not economical from the perspective of American enterprises.

On the contrary, if resources are invested in domestic institutional customers, the return will be even greater.