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 hiring 100 roles to boost blockchain, digital assets expertise
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.
Weekly Global News Wrap: UBS posts best quarterly profits in six years; Italy’s Monte dei Paschi rescue deal collapses
And Citigroup warns of charges related to the closing of S. Korea consumer business.
Weekly Global News Wrap: Wells Fargo fined for overcharging commercial clients; Citi charged $1m for swap data violations
And investors are getting $400m from Credit Suisse supply chain funds.
Citi APAC appoints head of sustainability & corporate transactions for BCMA group
Rapheal Mun will relocate from Singapore to London for her new role.
Banks welcome launch of Wealth Management Connect in Guangdong-Hong Kong-GBA
BEA highlights hiring plans, whilst Citi says it will offer 100 types of wealth products under WM Connect.
Citi unveils help desk to help Chinese emerging companies expand in Singapore
Clients will be able to access advice about local operating and regulatory environments, amongst others.
Citi TTS APAC client inquiry for API use doubles in H1
They have processed close to 350 million API calls for corporate clients since 2017.
Citi named top international IPO bank in APAC ex Japan
The bank said that it has raised over $30b from IPOs for its Asian clients.
NAB buys Citi’s Australian consumer business for $882m
Citi Australia’s senior management and about 800 employees are expected to join NAB.
Weekly Global News Wrap: HSBC’s US investment arm raises new analysts’ pay to $100,000; Citi, HSBC, other firms move to close Asia’s coal-fired plants
And JPMorgan’s new healthcare unit invests $50m in Vera Whole Health.
Citi opens new office at Busan International Finance Center
It’s meant to further support its securities services operations in Busan.
Citi rolls out real time liquidity sharing solution in APAC
Treasury teams can mobilize liquidity and fund intraday payments in real-time.
Citi APAC pilots program to help young social entreps scale up their operations
They studied ways to expand to new markets, and refined marketing and growth strategies, amongst others.
Citi names Varun Matta as TMT investment banking head for ASEAN
Matta will be a managing director and will also cover some sponsor clients for the region.
Citi Global Wealth APAC Co-head Fabio Fontainha outlines bank's ambitions
Fontainha expounds on Citi's wealth goals, which include adding $150b AUM across the APAC franchise in four years’ time.
Weekly Global News Wrap: Citi to lift junior bankers' base salaries; StanChart begins banking services in Saudi branch
And JPMorgan acquires ESG investing platform OpenInvest.
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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