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.
The Board of Directors of Citigroup has declared a quarterly dividend of $0.51 per share on its common stock, paying on May 28, 2021, for stockholders of record on May 3, 2021. Various dividends on preferred stock were also announced, including Series D at $26.75 per depositary receipt, payable May 17, and Series J at $0.4453125 per depositary receipt, payable June 30. These dividends reflect Citigroup's strong commitment to returning value to shareholders.
Citigroup plans to announce its first quarter results on April 15, 2021, at 8:00 AM (ET) through a press release. A review of the results will follow via live webcast at 10:00 AM (ET). Investors can access the press release, webcast, and presentation materials on Citigroup's investor relations site. The company operates globally, serving approximately 200 million customer accounts across 160 countries, providing a variety of financial services including consumer banking, investment banking, and wealth management.
Mark Mason, CFO of Citi, will present at the 2021 Credit Suisse Financial Services Forum on February 25, 2021, at 1:00 p.m. (Eastern). The event will be held virtually, and a live webcast can be accessed at www.citigroup.com/citi/investor. Following the presentation, a replay and transcript will be made available. Citi serves around 200 million customer accounts globally, providing a wide range of financial products and services in over 160 countries.
The year 2020 saw global demand for non-U.S. equities surge, with issuers raising $48.2 billion in depositary receipts, a 179% increase from 2019. The Asia-Pacific region led this growth, contributing $40.4 billion or 84% of the total. Chinese issuers accounted for 76% of that amount, with Lufax Holding Ltd's $2.7 billion IPO being the largest. Total DR trading volume rose by 53%, and value increased by 68%. The JOBS Act facilitated capital access for Emerging Growth Companies, with China-based issuers dominating the market.
Citibank, N.A. announced the complete redemption of $1.25 billion in 3.165% Fixed Rate/Floating Rate Notes and $500 million in Floating Rate Notes, both due February 2022, effective February 19, 2021. This move aligns with Citibank's liability management strategy aimed at enhancing capital and funding efficiency. The cash redemption price will equal par plus accrued interest, and interest on the notes will cease post-redemption. Citibank continues to evaluate opportunities for further securities redemption based on economic, regulatory, and market conditions.
Citi has partnered exclusively with four Black-owned firms to facilitate a $2.5 billion bond issuance, reinforcing its commitment to racial equity in financial markets. This initiative is part of Citi's broader Action for Racial Equity program, which aims to address racial gaps and potentially add $5 trillion to U.S. GDP over five years. The bond, issued on January 21, features a fixed-to-floating rate structure. Since 2015, Citi has collaborated with over 30 minority-owned firms, issuing more than $150 billion in bonds.
Citi has expanded its investments through the Citi Impact Fund, a $200 million initiative aimed at addressing societal challenges. The fund has selected seven new companies, including Clerkie, KETOS, MedHaul, Perch, Shift, Superpedestrian, and Vyv, enhancing its portfolio to 11 companies in total. The fund focuses on workforce development, financial capability, social infrastructure, sustainability, and economic opportunity, particularly for companies led by women and minorities. This initiative underscores Citi's commitment to social impact and community development.
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