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 has launched Recycled PVC (rPVC) for its corporate cards, starting in the EMEA region in April 2022 and later worldwide. Each card contains 85% recycled industrial plastic, reducing CO2 emissions by 36% compared to standard PVC cards. This initiative aligns with Citi's commitment to achieving net zero emissions for operations by 2030 and associated financing by 2050. The cards will carry the Mastercard Sustainable Card Badge, symbolizing their eco-friendly nature. Citi aims to lessen its carbon footprint through sustainable product offerings.
Citigroup Inc. will conduct its 2022 Annual Stockholders' Meeting on April 26, 2022, at 9 a.m. ET via a virtual platform. Shareholders can participate, vote, and engage through this link. Entry starts at 8:45 a.m. ET. Citigroup, serving over 200 million customer accounts globally, provides an array of financial products across more than 160 countries.
Citi reported its First Quarter 2022 earnings, which can be accessed via their website. The bank serves about 200 million customer accounts worldwide, offering a range of financial services and products across over 160 countries. A conference call for the earnings report is scheduled for 11:00 AM (ET) today, with details for both live participation and a telephonic replay available for interested parties. For further financial data and business trends, additional reports are published alongside the earnings release.
Citigroup will announce its first quarter results on April 14, 2022, at approximately 8:00 AM (ET). A live webcast and teleconference to review the results will follow at 11:00 AM (ET). The press release and presentation materials will be accessible on their investor relations website. Citi operates globally, serving approximately 200 million customer accounts across more than 160 countries with a variety of financial services including consumer banking, investment banking, and wealth management.
Citi has launched its Sustainable Trade and Working Capital Loans (Sustainable T&WC Loans) across Europe, the Middle East, Africa, Latin America, and Asia Pacific. This initiative follows the successful rollout of Citi's Sustainable Supply Chain Finance offering and supports the bank's ESG agenda. The loans will help clients finance international trade and day-to-day operations while also meeting sustainability goals. Citi aims to commit US$1 trillion to sustainable finance by 2030, with an emphasis on both environmental and social financing.
Citi has announced the acquisition of its consumer banking business in Bahrain by Ahli United Bank B.S.C. (AUB). This transaction marks the ninth sale by Citi in the APAC and EMEA regions as part of its strategy refresh. The deal, subject to regulatory approvals, includes retail banking, credit card, and unsecured lending businesses, while institutional clients will continue to be served by Citi. Upon closing, Citi anticipates a small contribution to a $7 billion release of tangible common equity from exiting 13 markets.
The Board of Directors of Citigroup has declared a quarterly dividend of
Citi, in collaboration with Imperial College London, has launched its revamped Digital Money Index, now tracking 113 countries—up from 84 in previous years. This eighth edition categorizes countries into four clusters based on their digital readiness: Incipient, Emerging, In-transition, and Materially Ready. The report emphasizes the importance of a holistic digital policy, which focuses on digital infrastructure, adoption, service innovation, and trust. Countries with strategic investments, like Malaysia and UAE, showed substantial progress.
