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.
Citigroup’s net income rises 2% to $3.5b in Q3
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.
Citi names Gunjan Kalra as APAC head of Citi Commercial Bank
Kalra has been APAC head of corporate sales and solutions since 2021.
Citi Commercial Bank unveils CitiDirect Commercial Banking platform
It will be available to customers in Hong Kong, Singapore, and India in H2 2023.
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.
Citi Commercial Bank names head of corporate finance for ASEAN
Citi has also named a new country head for Citi Commercial Bank Malaysia.
Citi Indonesia’s net income climbs 52% to $38.29m in Q1
Its Institutional Clients Group registered a 2.5% loan growth during the quarter.
Citibank Korea doubles net income in Q1
The net income of KRW84.9b for Jan-March 2023 is 112% higher than a year ago.
Weekly Global News Wrap: Grupo Mexico closing in on $7b Citi Banamex deal; Bank of America opens Luxembourg branch
And Credit Suisse CEO to join UBS board once deal is completed.
Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave
And fintech Boost looks to raise $50m to $100m in possible new funding round.
Citi names Vikram Singh as CEO of Malaysia franchise
He reports directly to South Asia and ASEAN head Amol Gupte.
Citi’s institutional, corporate banking arm in Asia sees 14% higher revenue in Q1
The Institutional Clients Group’s net income for Asia went up 31% compared to Q1 2022.
Citi makes new appointments to Treasury and Trade business
This follows the ASEAN appointments from earlier this week.
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