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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 863 |
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Citibank previously worked with the Public Bank of China (PBOC) "to improve the internal auditing requirements within the Chinese banking system" (p. 19). As a result, the PBOC recommended these practices to other banks throughout China. Citibank has established a human resource structure for training local people into becoming successful managers...
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Unfortunately, competitors are readily willing to seize these employees for their services and skills.
No Adaptability to Expand Operations in China
In 2002, Citibank obtained a license to be able to deal with foreign currency; however, it was only in one city. Citigroup has focused too much on banking services instead of focusing on the insurance market, which has been profitable to various U...
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