Citigroup

Citigroup, or Citi, is an American multinational investment bank and financial services company. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998. It owns Citicorp, the holding company for Citibank.

In 2018, policy research and development entity Financial Stability Board named Citigroup amongst the list of 29 banks worldwide that they considered "systemically important financial institutions", that is, financial organisations whose size and role meant that any failure could cause serious systemic problems. 

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 names Luke Lu as head of banking in China

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

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.

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.

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.

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.