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.
DBS acquires Citi’s Taiwan consumer banking business
DBS acquires Citi’s Taiwan consumer banking business
DBS will pay Citi in cash for the net assets plus a premium of S$956m.
UOB’s purchase of Citi ASEAN retail assets improves profits, accelerates expansion
It is expected to add S$1b in profits annually, with earnings accretive beginning 2023.
Citi names new head of Global Subsidiaries Group for APAC
And the search for a new head of corporate banking for Australia and New Zealand is on.
Weekly Global News Wrap: Morgan Stanley’s top performers get 20% bonus raise; Credit Suisse files insurance claims worth $1.17b
And Mexico alert on antitrust implications for local Citi consumer franchise asset sale.
UOB buys Citi’s retail businesses in 4 SEA markets for US$3.65b
UOB is paying for the net asset value plus a premium of US$690m.
UnionBank to buy Citi’s Philippine consumer banking franchise for $908m
Around 1,750 Citi employees are expected to transfer to UnionBank.
Citi Vietnam appoints new country officer
Ramachandran A.S. will oversee Citi’s operations and serve as main regulatory representative.
Citi hiring 100 roles to boost blockchain, digital assets expertise
The bank has also unveiled three new senior roles.
Citi raises record $40b sustainable financing for APAC clients in 2021 YTD
This was thanks to Alibaba’s $5b offerings and a $2.5 bond issuance by SK hynix.
Citi names global head of D10X under institutional clients group
The D10X focuses on the development of new solutions for Citi's institutional clients.
Citi Hong Kong, CGB team up to offer wealth services under Wealth Management Connect
Citi plans to offer around 100 types of wealth products from the mainland.
Citi appoints head of natural resources & clean energy transition in Asia
William Pang will work with other NRCET leaders globally.
MAS, Singapore banks build digital platform against money laundering
This will allow sharing of customer and transaction data on money laundering cases.
Citibank Asia invests in transformation to keep winning through
Agility, innovation, flexibility, and fast results defined the bank’s new strategy.
Citibank Asia’s director of Applications, Himanshu “HeMan” Shrivastava, acknowledged the challenges Citibank Asia faced to stay and win in the competition; and how investing in the right solutions made a huge difference.
Citibank named top bank in Singapore customer experience study
Its net promoter score rose 35% in 2021 from end-2020.
Citi APAC appoints head of sustainability & corporate transactions for BCMA group
Rapheal Mun will relocate from Singapore to London for her new role.
Accelerate the digital banking evolution and move ahead of the curve
The roadmap to success for many organizations has been defined by digital transformation. However, since the Covid-19 crisis started, organizations across many industries had to accelerate and redefine their plans to keep pace with the dramatic changes in the business landscape.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
Commentary
Southeast Asia’s digital banks – the road from good to great