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.
Citi launched Bridge built by Citi, a new online lending platform aimed at helping small and medium-sized businesses secure loans up to $10 million. Initial availability is through a pilot program with 18 banks across the Southeastern and Rocky regions of the U.S. The platform streamlines the loan application process, allowing businesses to connect with lenders beyond their local area, enhancing access to capital.
Citi's commitment to inclusive growth is reinforced through this initiative, which aims to democratize lending and support underserved communities.
The Board of Directors of Citigroup declared a quarterly dividend of $0.51 per share on common stock, payable on August 27, 2021, to stockholders of record on August 2, 2021.
Citi, a leading global bank, serves approximately 200 million customer accounts across more than 160 countries, offering a wide range of financial products and services including consumer banking, corporate and investment banking, and wealth management.
Citi has launched a new Real-Time Liquidity Sharing solution aimed at enhancing liquidity and working capital management for businesses. This innovative platform is part of Citi's Liquidity Optimization product suite and will initially be available in six Asia Pacific markets including Australia, China, Hong Kong, New Zealand, Singapore, and Taiwan. Designed to address challenges heightened by the pandemic, the solution enables treasury teams to manage intraday liquidity in real-time, optimizing working capital and reducing manual processes.
The Preferred Stock Committee of Citigroup has declared dividends on various series of preferred stock. Key details include:
- Series A: 5.950% dividend, payable July 30, 2021.
- Series B: 5.900% dividend, payable August 16, 2021.
- Series J: 7.125% dividend, payable September 30, 2021.
- Series K: 6.875% dividend, payable August 16, 2021.
- Series T: 6.250% dividend, payable August 16, 2021.
- Series U: 5.000% dividend, payable September 13, 2021.
- Series V: 4.700% dividend, payable July 30, 2021.
- Series W: 4.000% dividend, payable September 10, 2021.
- Series X: 3.875% dividend, payable August 18, 2021.
Citigroup's CFO Mark Mason and Treasurer Michael Verdeschi will lead the company's Fixed Income Investor Review on July 30, 2021, at 1:00 PM (ET). The event will be accessible via live webcast and teleconference. A replay will be available post-event, with teleconference dial-in options for U.S. and international callers. Citigroup operates globally with around 200 million customer accounts, offering a wide range of financial services including consumer banking, corporate and investment banking, and wealth management.
Citi, a leading global bank with around 200 million customer accounts across 160 countries, has released its second quarter 2021 earnings. The detailed earnings report and the Quarterly Financial Data Supplement are available on Citi's investor relations website. A conference call regarding the earnings will occur today at 10:00 AM (ET), with options for telephonic access. The bank continues to provide a broad range of financial products and services, including consumer and corporate banking, securities brokerage, and wealth management.
Citi Treasury and Trade Solutions (TTS) Latin America has launched the Citi Digital Account, enhancing digital banking capabilities for institutional clients. This account enables clients to digitize their banking experience, eliminating the need for physical signature cards and checkbooks. The account is now available in Brazil, Colombia, Costa Rica, and other Latin American countries. The launch supports Citi's Digital First strategy and aims to foster a cashless economy in the region, leveraging advanced digital onboarding and biometric authentication technologies.
Citi has launched Citi Self Invest, a self-directed digital investment platform allowing clients to trade equities and ETFs with no-fee trades and no account minimums. This offering aims to provide an accessible investment experience while educating users on personal finance. The platform will expand to include mutual funds in the future. Citi is committed to enhancing its wealth management services, as illustrated by previous offerings like Citi Wealth Builder and Citi Wealth Advisor. The initiative reflects Citi's aim to support clients in achieving their financial goals.
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