Citi
Citi has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
See below for the Latest Citi News, Analysis, Profit Results, Share Price Information, and Commentary.
Citigroup to redeem $1.49b in preferred shares for $25
Citigroup to redeem $1.49b in preferred shares for $25
Any quarterly dividend declared, but not paid prior, will be paid on or before the redemption date.
Citigroup’s net income rises 2% to $3.5b in Q3
Revenue was 9% higher at $20.1b during the quarter.
Citi sells onshore consumer wealth portfolio to HSBC Bank China
The transaction is estimated at $3.6b.
DBS clinches most investment banking fees in Singapore
Deutsche Bank is the top bank for M&As, whilst Citi took the largest share for ECM underwriting.
Citi India initiates 12-month WFH set-up after mothers give birth
This comes on top of their paid maternity leaves.
Citi Securities Services joins DLT-powered fractional bond exchange
Citi will provide settlement and custody services in the back end.
Citibank China clinches Futures Margin Depository Bank approval
It is the first American bank to clinch the approval.
Citi makes new appointments in APAC treasury and trade business
Sumanta Panigrahi is the new APAC TWCS head, whilst Thus De Silva is the new APAC head of commercial cards.
Citi to ramp up social finance in Asia
A special team of 20 bankers was developed for this initiative.
DLT, digital money rise as securities sector eye faster settlements
The move to T+1 has given birth to challenges in the securities ecosystem, said Citi.
DBS completes integration of Citi Taiwan consumer business
Almost 3,000 Citi employees are now part of DBS Taiwan.
Citi names Gunjan Kalra as APAC head of Citi Commercial Bank
Kalra has been APAC head of corporate sales and solutions since 2021.
Citi Global Wealth unveils ULTIMA credit card for private bank clients
Singapore’s UHNW clients’ spending outpaced pre-pandemic spending by 56%.
Korea's NHI&S picks Citi as global custody provider for business expansion
A South Korean securities firm is expanding its business model to include trustee services.
Citi Commercial Bank unveils CitiDirect Commercial Banking platform
It will be available to customers in Hong Kong, Singapore, and India in H2 2023.
New Zealand picks Citi in banking services panel
Other new panel members are ANZ Bank and Westpac.
Citi to provide custody and fund services to Fubon’s latest Hong Kong ETF
The bank works with over 40 ETF issuers covering 500 ETFs in APAC.
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