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UnionBank Is Acquiring Citi Philippines' Consumer Banking Business. Here's What It Means for Citi Customers

This includes credit cards, personal loans, wealth management, and retail deposit businesses.

After months of hearsay, it's finally official: UnionBank of the Philippines will acquire Citigroup's consumer banking business in the Philippines. The local bank has entered a Share and Business Transfer Agreement with the various subsidiaries of Citigroup Inc. to complete ...

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