Citigroup Takes Korea Lessons To China Card Market
Reuters reports from China on comments by Citigroup's China chief, Richard Stanley, that the "lessons Citi learned from a credit card boom that turned to bust in South Korea will be invaluable as China learns to love plastic money."
"We are very proud of our track record in Korea and elsewhere in avoiding some of the problems that were seen in those markets," Stanley said in an interview. "Our goal is to leverage this knowledge and experience in risk management to have a similar experience in China," he said.
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