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.

Do banks choose tokenised deposits over stablecoins to guard their balance sheets?

Banks are ramping up tokenised deposit infrastructure use whilst tokenised central bank money remains in the experimental phase.

Stablecoin circulation lags at $300b as banks focus on tokenised deposits

Banks are instead building tokenised deposit infrastructures, whose flows have reached over $4t annually.

Citi streamlines ETF orders for APAC clients as regional assets hit $1.81t

Direct integration heightens efficiency as clients no longer need to reconcile on multiple and separate platforms.

Citi Korea posts strongest Q1 since 2018 as net income surges 61%

Total revenues and net income rose by 23% and 61%, respectively.

Citi promotes Sutida Tambunlertchai to head commercial banking in Thailand

Citi has announced a slew of appointments over the past month.

Citi targets APAC insurance investments with new senior hires

They have poached two BofA bankers to help lead its FIG group.

Citi names Raj Rathi as India chief of M&A business

Rathi served as head of strategy and corporate development for an India fantasy sports tech company.

Citi hires Bhavin Shukla to lead infrastructure banking in JANA and Asia South

He joins from J.P. Morgan, where he was a managing director.

Citi forms new investor group to replace asset managers cluster

Vikram Chavali will continue to lead FSI for JANA and Asia South.

Citi sets up an Infrastructure Financing & Capital Solutions Group

The new group is under the Debt Capital Markets (DCM) function of Citi.

Citi names Goldman Sachs banker as head of healthcare for ANZ

Ben Bartholomaeus’ past work includes the stake sale of Novotech and a A$1.6b DBG Health investment.

Citi and DEG provides $76m loan to Shriram Finance for underserved lending

It will be used for MSMEs, EVs, food security, and women lending.

Citi invests in Japan’s Sakana AI

Citi says the investment will help Sakana AI in its international expansion.

Citi forms AI Infrastructure Banking team to tap $3t financing opportunity

The team aims to provide debt financing to fund data centres and other infra capacity.

Citi names Thai Nguyet Minh as markets head and country treasury for Vietnam

She joins from Maybank, where she was the Vietnam head of global markets.