International Banking Law

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International Banking Law

International Banking Law


The Citi-Tower Bank is the world's leading emerging markets bank headquartered in London. The Citi-Tower Bank employs 30,000 people in over 500 locations in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. It is one of the world's most international banks, with a management team comprising 70 nationalities. The Citi-Tower Bank has been committed to Hong Kong and China for nearly 150 years. The Citi-Tower Bank Bank opened its first branch in China in 1858 and is the oldest foreign bank in the country. The Bank has operated in Hong Kong since 1859 and has been issuing Hong Kong banknotes since 1862. The Citi-Tower Bank PLC listed on the Stock Exchange of Hong Kong in 2002.

The bank is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and is in the top 25 FTSE-100 companies, by market capitalization. It serves both Consumer and Wholesale Banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small to medium sized enterprises. Wholesale Banking provides corporate and institutional clients with services in trade finance, cash management, lending, custody, foreign exchange, debt capital markets and corporate finance.

The Citi-Tower Bank is well-established in growth markets and aims to be the right partner for its customers. The Bank combines deep local knowledge with global capability. The Bank is trusted across its network for its standard of governance and its commitment to making a difference in the communities in which it operates.

The new millennium has brought with it two of the largest acquisitions in the history of the bank with the purchase of Grindlays Bank from the ANZ Group and the acquisition of the Chase Consumer Banking operations in Hong Kong in 2000. These acquisitions demonstrate The Citi-Tower Bank firm committed to the emerging markets, where it has a strong and established presence and where it foresees future growth. With the acquisition of ANZ Banking Group, StanChart became the largest foreign bank in terms of branch network and profitability in India. The merged entity has a combined network of 61 branches and 74 ATMs across 15 cities of the country.

Understanding the global, political, technological and socio-cultural segments of its environment is obviously critical to Stanchart's success. It has acquired companies in order to consolidate its global operations; operates in 50 countries; seeks to display environmental and social responsibility; and deals with communications technology. It strives to take advantage of opportunities in the dynamic environment, the need to deal innovatively with new acquisitions, the problem of reframing the public's view of banking and ongoing cut throat competition from other commercial banks and non banking entities. The bank therefore has to make clear the communication challenge and make clear the global nature of its operations to the wider community, governments and the population at large.

Research evidence suggests that external environment affects a firm's growth and ...
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