Citi divorces China JV partner

Citi is pulling out of its China securities joint venture. It gave its partner notice at the end of last week.

  • By Matthew Thomas
  • 17 Dec 2018

The US bank has been in negotiations with Orient Securities, a Chinese brokerage it partnered with in 2012. After failing to come to an agreement with the Chinese firm, Citi alerted Orient on December 14 that it was going to exit the joint venture.

The main disagreement was ...

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