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 unveils Sustainable Time Deposit solution in APAC
It will fund environmental and social projects such as water and sanitation infrastructure.
Citi completes sale of Philippine consumer business to UnionBank
The sale includes the transfer of 1,540 staff to the Philippine bank.
Weekly Global News Wrap: US banks’ profits to fall; Crypto lender Celsius goes bankrupt
And UBS appoints Iqbal Khan as head of its wealth management division.
Citi names sole head of equity capital markets for Australia and New Zealand
Jahrling joined Citi as co-head of ECM in 2021.
How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025
The bank looks to hire 1,500 new employees in Singapore alone and triple AUM.
Citi unveils 12-week sabbatical leave programme for long-time employees
The programme is available to employees in Singapore, Hong Kong, and Japan initially.
Citi launches its Sustainable Trade and Working Capital Loans solution
It aims to give liquidity for international trade finance activities and other commercial activities.
Talent & Tech at the heart of Munir Nanji’s mission to grow Citi Central Europe
He is tasked with implementing the "New" Europe Strategy and reap full benefits of growth.
Weekly Global News Wrap: US banks closed 2,000+ branches in 2021; Morgan Stanley CEO pay raised to $35m
And Citi, BNP Paribas eye 7 February return-to-office date.
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.
UnionBank in talks to take over Citi’s consumer banking assets in the Philippines
Discussions between the two banks are at the preliminary stage.
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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.
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Southeast Asia’s digital banks – the road from good to great