Citigroup plans to hire as many as 100 bankers in a renewed push into Asia-Pacific commercial banking, following in rival HSBC's footsteps with a strategy that focuses on selling smaller corporate clients a wider range of products.
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HSBC Holdings Ltd (HSBA.L), Europe's biggest bank, will close its retail branch network and wealth management businesses in South Korea, leaving only the global banking and markets unit that serves corporate clients.
