CHINA TOPIX

12/22/2024 12:55:42 pm

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Citi

Citigroup Sells China Guangfa Bank Stake

Citi Sells Stake in China Guangfa Bank for US$3bn

Citigroup, an American multinational investment banking and financial services corporation, has sold its 20 percent stake in China Guangfa Bank for US$3 billion, joining a list of western banks that have pulled out from investments in China's banking sector.

JPMorgan

Seven U.S. Blue Chips Pay More to CEOs than They Pay in Taxes

The companies cited were quick to point out that whatever their salary policies were, they still were in line with with law and paid the IRS what they owed.

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