Citibank not only laid off employees, but also stopped personal credit card business, is it preparing to withdraw from China?
Citibank issued a statement saying that the withdrawal from China was untrue information and was just a strategic adjustment.
Previously, some netizens posted that the compensation for Citibank's layoffs is N+6 months, and they can receive 500,000 days, and they can receive 500,000 yuan for layoffs once, and I also want to lay off employees!
On January 23, Citibank announced that it would stop its personal credit card business.
Credit cards are overdraft consumption, which is also imported from abroad, right?
In the past, which bank came to sell credit cards every day and asked you to apply for credit cards, young people with credit cards will consume in advance, and they will not feel the credit card, so the spending power will be stronger.
Nowadays, people don't like to use credit cards, because credit cards are very cool when they are swiped, but it is very painful to repay when they are repaid.
Why did Citibank stop its personal credit card business this time?
There is no need for other fees during the statement period after the credit card purchase, and interest will only be accrued when you repay the loan in installments, and the bank earns interest on this installment repayment.
But many people will not repay the loan in installments, because the cost of installment repayment is very high.
The overall environment is not very good, but it will also cause some bad debts and dead debts to the bank, which cannot be recovered, and Citibank may stop credit card personal business because of these aspects.
I think we should go back to the old era of using cash, when we spend money with cash, we will feel distressed, now we don't pay with cash, and we don't feel when we spend money, so sometimes it will be easy to spend impulsively.
Do you all have credit cards? Do you use credit cards? Let's talk about it.
#I'm going to talk about home##花旗银行回应退出中国市场: Not true##Citibank announced that it will lay off 20,000 employees##Citibank#