business

Citigroup seeking to sell Diners Club business in Japan with retail unit

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When I worked for Citibank in Japan I was told that 60% of all credit card loans in Japan where owned by Citibank. Unimat Ladies, DIC, all of these just fronts for the bank. So I think rumours of their "leaving Japan" are greatly exaggerated.

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It's not a "rumor" that Citibank is leaving Japan, it's a fact. They are selling all the retail business and will close all branches. As an account holder, I'm waiting to see which bank buys it before transferring everything to my Shinsei account. Shinsei basically does all that Citi does for me but cheaper (free domestic transfers, no minimum deposit).

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