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Citi plans new China investment bank within 18 months April 19, 2021, 9:39 a.m. EDT 2 Min Read Close extra sharing options REGISTER NOW Citigroup is pushing ahead to set up new investment banking and trading operations in China after the lender announced it would be exiting retail banking in the world’s second-largest economy. The New York-based bank plans to submit an application for a securities license to allow it to underwrite yuan-denominated shares and conduct trading for clients, as well as a license for futures brokering within the next two months, said a person familiar with the matter, who...
