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CITIBANK SHELVES PLAN TO BUY PHILIPPINE THRIFT BANK.
AsiaPulse News, March, 2003
Tags: bank, Citigroup Inc., foreign bank
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MANILA, March 3 Asia Pulse - Citibank, one of the first four original foreign banks that antedated the 1990s law allowing the entry of new foreign banks, has abandoned its plan to buy a local thrift bank intended to have significantly expanded its retail banking operations in the Philippines.
Industry officials said Citibank ...
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