DATABASE: CHRONOLOGY OF CITIGROUP IN JAPAN


Chronology

29 Sep 05 Marunouchi Branch private banking operations cease
28 Jan 05 Fukuoka, Nagoya and Osaka Offices private banking operations cease
30 Nov 04 Peterson CEO Japan questioned in Upper House of the Diet
25 Oct 04 Prince CEO US apologises, bows and accepts FSA findings + measures
20 Oct 04 Jones/Maughan/Scaturro i/c Private Banking/Japan etc depart in New York
04 Oct 04 Gomi Head FSA stresses key finding 'New York's unbalanced profit budgets'
17 Sep 04 FSA findings + measures: Private Banking Unit closure by 30 Sep 05 etc
03 Sep 04 Tabloid Yukan Fuji previews/analyses FSA measures remarkably accurately
31 Aug 04 Kitade Head Citigroup Private Bank Group Japan departs in Tokyo
12 Aug 04 Takenaka Minister FSA and Cumming FVP FRB New York reportedly liaise
13 Jun 04 Whitehead Country Officer Citigroup Japan departs in Tokyo
21 May 04 FSA Inspection findings notified, consideration of FSA measures launched
12 Apr 04 FSA Inspection of Citibank completed and FSA team withdraws
04 Nov 03 FSA Inspection of Citibank launched on an unnotified basis
09 Aug 01 FSA findings + measures: Business Improvement Order made
09 Jul 01 FSA Inspection findings notified, consideration of FSA measures launched
21 Mar 01 FSA Inspection of Citibank completed and FSA team withdraws
31 Jan 01 FSA Inspection of Citibank after notification (17 Jan 01)
1997 On-shore services launched on-shore with aggressive marketing
1986 Off-shore services launched on-shore reported switch to 'fliers' (1995)
1902 Yokohama (Kobe 1904 Tokyo 1923 Osaka 1925 Nagoya 1951 etc)

Source: Analytica Japan Interviewees, Citigroup, FRB, FSA, Nikkei, TV Asahi, Yukan Fuj





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