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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Citi Global Wealth Investments predicts a shallow recession in 2023, leading to the weakest global economic growth in 40 years outside of previous crises. The report highlights a declining earnings per share by 10% and a potential recovery in Chinese growth. US inflation is expected to ease to 3.5%, with the Federal Reserve likely cutting interest rates in the latter half of the year. The report advises investors to remain fully invested and look for opportunities in US fixed income and defensive equities while preparing for a market recovery in 2024.
Jane Fraser, CEO of Citi, will present at the Goldman Sachs 2022 US Financial Services Conference on December 7 at 11:20 a.m. (Eastern). A live webcast is available at Citi Investor Relations. A replay and transcript will follow the event.
Citi operates in over 160 countries, offering a wide range of financial services to corporations, governments, and individuals. For more information, visit www.citigroup.com.
Citi's Issuer Services has been appointed as the Depositary Bank for Sunwoda Electronic and Hangzhou GreatStar's Global Depositary Receipt (GDR) programs under the China-Swiss Stock Connect. Sunwoda's GDR program raised
AT&T and Citi have launched the new AT&T Points Plus Card, a no annual fee credit card aimed at rewarding wireless customers. The card allows cardmembers to earn up to
Citi Virtual Accounts has experienced significant growth in 2022, with account balances increasing by 82% and adoption growing by 33%. This innovative solution simplifies bank accounts, offers real-time cash management, and enables instant access to cash capabilities. Live in the U.S. and 16 Western European countries, it aims to expand into Asia Pacific and Canada. The service has been recognized as the Best Global Virtual Accounts solution by Global Finance in 2022, showcasing its impact on clients' digital transformation and efficiency.
Citi released three comprehensive reports under its Global Perspectives & Solutions (Citi GPS) initiative, highlighting challenges and opportunities in addressing the climate crisis. These reports are set for discussion at the UN Climate Change Conference (COP27) in Egypt. Key findings include a requirement for $125 trillion investment by 2050 for net-zero goals and the impact of food insecurity on a third of the global population. Citi emphasizes the importance of public-private sector collaboration to tackle these challenges.
Star Mountain Capital has appointed
Citi Securities Services has partnered with Sanlam Private Wealth to support their business model transformation, providing execution services and custody for non-domestic client securities. This transformation aims to enhance operational efficiencies by outsourcing trading and middle office functions. Imraan Bacus, COO of Sanlam, highlighted Citi's extensive experience and global reach as key factors in their selection. With its history in South Africa since the 1950s and assets under custody exceeding $25 trillion, Citi is well-positioned to help facilitate this transition.
