How is Citi faring so far in Asia in 2012
Despite all the volatility and the endless headlines out of Europe that have dented corporate and investor sentiment, the business is holding up well. The public numbers for the first three months showed revenues were up 9% and net income was up 18% year on year with Asia accounting for close to 40% of global net.
Asia’s mega trends of a fast growing emerging affluent sector who want innovative retail banking services that embrace modern technology and the rise of corporate champions who want to raise capital and seek advice on acquisitions plays to our strengths.
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