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) maintains its position as a global financial leader through strategic initiatives across 100+ countries. This news hub provides investors and stakeholders with essential updates spanning corporate banking innovations, market-moving developments, and regulatory milestones.
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Key coverage areas include capital market activities, US consumer banking updates, and multinational risk management solutions. Track Citigroup's progress in digital transformation initiatives and sustainability-focused financial products through primary source documentation.
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Citigroup Inc. plans to transition its Legacy LIBOR Instruments to the CME Term SOFR Reference Rate after the
Citi’s Issuer Services has been appointed as the Depositary Bank for Zhejiang HangKe Technology's Global Depositary Receipt (GDR) Program. This appointment follows HangKe's US$172.85 million IPO, with GDRs priced at US$13.69 each, listed under ZHT on the SIX Swiss Exchange. Each GDR represents two A shares traded on the Shanghai Stock Exchange. Citi aims to enhance investor access through its global network, with a strong presence in cross-border capital markets.
With services in 67 markets, Citi continues to lead in depositary receipt services for companies listed in various international exchanges.
CitiFX has launched Velocity 3.0, a consolidated platform for eFX trading tailored for corporate and professional investors. This new single dealer operating system integrates multiple functionalities, enhancing user experience through its new HTML5 interface. Key improvements include a 50% reduction in cold start time and a 71% faster deal booking process. The platform addresses liquidity fragmentation issues, offering a unified solution for execution and workflow while being accessible across various devices. Velocity 3.0 has already received accolades, including Best Bank Platform from Global Finance FX Tech Awards 2023.
The Citi Foundation has launched its first-ever Global Innovation Challenge, offering $25 million to support nonprofits tackling food security issues. This initiative aims to help 50 organizations pilot or expand projects that enhance the physical and financial health of low-income communities. With 770 million people experiencing malnutrition globally, food insecurity has become a pressing crisis, costing the global economy nearly $3.5 trillion annually. The challenge will focus on projects that improve access, affordability, availability, and resilience in food supply chains. The application deadline is March 22, 2023, at 4 p.m. EDT.
Mark Mason, CFO of Citi, will present at the 2023 RBC Capital Markets Financial Institutions Conference on March 8 at 3:20 p.m. Eastern. Investors can access a live webcast of the presentation at www.citigroup.com/citi/investor, with a replay available post-event. Citi operates in nearly 160 countries, offering a range of financial products and services across corporate, government, and personal banking sectors. The company is recognized as a leading partner for institutions with global needs, and a trusted wealth management provider.
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.
