Citibank

Citibank is the consumer division of financial services multinational company Citigroup. It was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches across 19 countries.
See below for the Latest Citibank News, Analysis, Profit Results, Share Price Information, and Commentary.

Citi opens two new wealth centres in Singapore

One Holland Village and Parkway Parade have floor areas exceeding 3,000 sqft.
5 days ago

Citi opens two new wealth centres in Singapore

One Holland Village and Parkway Parade have floor areas exceeding 3,000 sqft.
5 days ago

Citi names Joy Cheng as head of Hong Kong commercial bank arm

Cheng brings 30 years of banking experience to the role.

Citi completes proof of concept on tokenization of private funds

It found new functionalities that could lower barrier-to-entry, Citi said.

Citi Securities Services launched FIX API connectivity in ETF platform

This comes at just the right time with the ETF industry's impending move to T+1.

Citi Korea to enjoy strong capitalisation, stable credit profile through 2025: Moody’s

The bank’s winding down of its consumer banking business is a positive.

Citi names Luke Lu as head of banking in China

He will oversee all of Citi’s business and operations in China.

AIA HK and Citibank donate ARIA test machine to HKLSS, commemorates 10th year

The donation hopes to benefit 3,000 individuals in need of early detection diseases and strokes.

Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout

And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.

Automation boosts efficiency in treasury

Excellence in treasury management is key to superior financial performance.

Weekly Global News Wrap: Citi to exit distressed-debt trading business; Korea seeks to fine HSBC, BNP Paribas

And Germany seizes $790m from the bank account of a Russian financial institution.

Citi names new senior leaders for Asian banking clusters

Leadership changes abound for its investment banking and corporate banking businesses.

Citi sells $3.6b China consumer wealth portfolio to HSBC

The deal does not include the bank’s institutional business.

Citibank Singapore launching new satellite wealth advisory hubs in 2024

The Parkway Parade hub and One Holland Village hub expands Citi’s physical footprints.

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 Securities Services joins DLT-powered fractional bond exchange

Citi will provide settlement and custody services in the back end.