CITIBANK KOREA POSTPONES EXIT PLAN AGAIN

HIGHLIGHTS

• Citibank Korea has postponed its decision on exit plan for the second time.
• Citibank was earlier planning to stop its retail business operations in South Korea.
• Citibank apparently failed to agree on sales terms with potential bu...

YES BANK WANTS TO BUY CITIBANK INDIA'S RETAIL ASSETS

HIGHLIGHTS

• Yes Bank is interested in buying retail assets of Citibank India.
• The India business of Citibank included credit card service, retail banking, mortgages, and wealth management.
• Citibank India also had a presence in the distributi...

BBVA is going to sell to Amazon. It's not transparent finance.

In our recent report,' The Emergency of API Platforms: Open Banking and Payments Drive New Business Models,' we identified the challenges of using simple API specifications as a method of creating open banking, and why this approach is likely to delay rather than accelerate innovation.