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Essay

CitiGroup in China, An Argument against

Essay specific features

 

Issue:

Business

 

Written by:

Linda M

 

Date added:

June 15, 2010

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1075

 

Was viewed:

6539 times

 

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Essay content:

A lack of corporate governance has also created an environment where management of banks is opaque and corruption widespread. The risks inherent in this industry are great. Midway through 2005, Citibank faced significant barriers to growth in China. It had worked hard to become the dominant foreign bank in the country in expectation that the country's banking sector would be opened to all competition in late 2006...
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The changes mandated by the WTO have been slow in coming. The Chinese government removed some of the legal barriers to entry in some areas, but had erected new ones elsewhere, including raising reserve requirements to unprecedented levels. In addition to regulatory problems, Citibank is facing serious problems in its own approach to strategy in China...
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General issues of this essay:
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