Welcome to our dedicated page for Citigroup news (Ticker: C), a resource for investors and traders seeking the latest updates and insights on Citigroup stock.
Citigroup Inc. (C) is an American multinational investment bank and financial services corporation headquartered in New York City. Formed by the 1998 merger of Citicorp and Travelers Group, Citigroup operates in more than 100 countries and jurisdictions. The company’s core operations are divided into five primary segments: services, markets, banking, US personal banking, and wealth management.
Citigroup offers a broad range of financial services including cross-border banking for multinational corporations, investment banking, and trading, as well as credit card services within the United States. Recent achievements highlight Citigroup's ongoing innovation and growth. For instance, Citi-backed Elwood Technologies LLP was recently authorized by the UK Financial Conduct Authority (FCA) to provide institutional-grade access to digital asset exchanges and liquidity venues. This authorization solidifies Elwood's market-leading position and its commitment to offering regulated and transparent digital asset platforms.
Financially, Citigroup continues to maintain robust performance with a diverse portfolio and significant partnerships, such as those with Barclays, Goldman Sachs, and Dawn Capital. Citigroup's involvement in cutting-edge fintech solutions like Elwood showcases its adaptive strategy in meeting the evolving demands of the financial market.
To stay updated with Citigroup’s latest developments and performance, visit the news section for the most recent updates.
CorTS Trust For BellSouth Debentures (KTBA) announced its neutrality regarding 745 Capital LLC's Tender Offer on February 1, 2023, to purchase outstanding 7% Corporate-Backed Trust Securities Certificates. The Trust encourages certificate-holders to make individual decisions on whether to tender their investments, emphasizing the importance of consulting with financial advisors. The announcement follows SEC Rule 14e-2, reflecting the Trust's stance that it will not recommend any actions regarding the Tender Offer.
Citi’s Issuer Services has been appointed as the depositary bank for QuantaSing Group Limited’s American Depositary Receipt (ADR) program. QuantaSing, a major online learning service provider in China's adult education sector, has its ADSs trading on NASDAQ under the ticker 'QSG'. The initial public offering price is set at US$12.50 per ADS, contributing to a total offering size of US$40.63 million. Citi aims to deliver high-quality ADR services to QuantaSing, highlighting its extensive cross-border capabilities as a leading provider of depositary receipt services in 67 markets.
Anand Selvakesari, CEO of Personal Banking & Wealth Management at Citi, will present at the Bank of America 2023 Financial Services Conference on February 16, starting at approximately 9:40 a.m. Eastern Time. A live webcast will be available on Citi's investor relations website, with a replay and transcript provided shortly after the event.
Citi is a global leader in wealth management and personal banking, operating in nearly 160 countries. The company serves a diverse clientele, including corporations, governments, and individuals, offering a wide range of financial products and services.
Shahmir Khaliq, Global Head of Treasury and Trade Solutions at Citigroup, will present at the Credit Suisse Financial Services Forum on February 14 at 9:25 a.m. (Eastern). A live webcast of the presentation will be available at www.citigroup.com/citi/investor, and a replay will be accessible afterward. Citi operates in around 160 countries, providing a diverse range of financial products and services to various sectors including businesses and governments.
For further details, visit www.citigroup.com.
Citigroup will release its fourth quarter and full year 2022 earnings today. The press release and the Quarterly Financial Data Supplement can be accessed on Citigroup's website. A conference call is scheduled for 11:00 AM ET, with a live webcast available for attendees. Citigroup is a global banking leader, offering a range of services to institutions and individuals in nearly 160 countries. For further information, visit their official site or follow them on social media platforms.
Citi has been appointed by Nordea Bank as the new depositary bank for its Level 1 American Depositary Receipt (ADR) program, trading under the symbol 'NRDBY'. Each ADR corresponds to one ordinary share of Nordea, which is actively traded on multiple Nordic exchanges under the symbol 'NDA'. Dirk Jones, Citi’s Global Head of Issuer Services, expressed confidence in Citi's capabilities to enhance the ADR program’s success and investor relations, leveraging Citi’s global reach and expertise.
Citi has released its Global Perspectives & Solutions report titled Supply Chain Finance: Uncertainty in Global Supply Chains Is Going to Stay. The findings highlight ongoing disruptions in global supply chains amid stabilizing trade and cooling demand. The Citi Global Supply Chain Pressure Index shows easing pressures due to decreased consumer demand, but recession risks loom. Natural Resources and Clean Energy trade flows surged 65% amid rising energy prices. A survey of 2,327 global corporates revealed themes such as rising prices, the need for supply chain resilience, and a shift in focus from just-in-time to just-in-case strategies.
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