ResourceWise

Citi's Cities

In addition to Poland and Mexico, Citi has well established and successful Retail Banking businesses in over 50 countries around the world including Argentina, Australia, Belgium, Brazil, Canada, Chile, Czech Republic, Egypt, Greece, Hong Kong, India, Japan, South Korea, Malaysia, Philippines, Russia, Singapore, Taiwan, Turkey, UAE and the UK. The US centered sub-prime crisis and the subsequent collapse of financial markets have obscured the underlying strength of Citi's global franchise. As they get their act together under the Citicorp banner and put the customer back at the center of their business model, I hope they will re-establish their global position as the world's local bank - a position they lost to HSBC after their disastrous merger with Travelers in 1998.