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Citigroup Inc. - C STOCK NEWS

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.

News

Citigroup Announces Full Redemption of Series J Preferred Stock

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Citigroup Inc. announces the redemption of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J, totaling $550 million. This redemption is part of Citigroup's liability management strategy to enhance funding and capital efficiency.
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Citi Appointed as Depositary Bank for Air Astana Group GDR Program

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Citi's Issuer Services appointed as depositary bank for Air Astana Group's GDR program, expanding investor outreach. Air Astana's GDRs trade on LSE, AIX, and Rule 144A GDRs. Each GDR represents four ordinary shares. Citi to provide support through its global network.
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Citi Collaborates with Wellington Management and WisdomTree to Explore Tokenization of Private Markets

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Citi, Wellington Management, and WisdomTree successfully completed a proof of concept on tokenization of private funds on the Avalanche Spruce institutional test Subnet. The smart-contract capabilities demonstrated new functionalities that could enhance operational efficiencies in private markets, valued at $10 trillion. The experiment involved tokenizing a Wellington issued private equity fund on a distributed ledger technology network, showcasing the potential for automation, compliance, and control environment improvements for issuers, distributors, and investors.
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Citi Enhances ETF Servicing Capabilities with FIX API Connectivity on its Global Online ETF Portal

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Citi Securities Services launches FIX API connectivity on ACES, the bank's online ETF portal, to streamline order management and onboarding for authorized participants. The integration aims to unlock scalability and efficiency for clients and all ETF market participants, with the ETF industry experiencing significant growth. The new enhancement comes at an opportune time as the industry moves towards T+1 settlement and digitization, covering 12 markets globally and close to $555 billion in assets under administration since 2014.
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Dillard’s, Citi and Mastercard Announce New Credit Card Agreements

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Dillard’s, Citi, and Mastercard have entered into new agreements to provide a credit card program for Dillard’s customers. Citi will purchase existing Dillard’s credit card accounts, and Mastercard will serve as the exclusive payment network for co-branded cards offered under the new program. The new program is expected to launch in late summer 2024 for new Dillard’s credit applicants, with the transfer of existing accounts to Citi expected in the fall of 2024.
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Elwood Receives Authorization as a Service Company from UK Financial Conduct Authority

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Elwood Technologies LLP has received regulatory approval from the UK Financial Conduct Authority (FCA) as a service company, making it one of the first digital asset technology providers to do so. The company's execution management system (EMS) has been authorized in relation to security tokens and derivatives, allowing clients to trade digital assets on a global scale. Elwood's SaaS platform, which includes risk representation and analytics tools, has also received SOC2 and ISO 27001 information security certifications. The company is backed by leading global financial firms, including Dawn Capital, Goldman Sachs, Barclays, Citi, and others.
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Looking for a Deal? Citi Launches New Browser Extension for Savvy Shoppers

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Citi introduces Citi Shop, a free shopping desktop browser extension for eligible U.S. Citi credit cardmembers, offering instant savings at over 5,000 online merchants. The program aims to address the time barrier for consumers in finding deals, with 35% of Americans stating it takes too long to find coupons or promo codes. The extension covers nearly 30 different categories, allowing cardmembers to earn rewards like ThankYou Points or miles on their purchases.
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Citi GPS: Supply Chain Financing – Building Resilience as the New Definition of "Global" Emerges

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Citi has released the fourth edition of its Global Perspectives & Solutions report, focusing on supply chain resilience and global trade transformation. The report highlights the impact of disruptions in major canal routes, the diversification of supply chain partners, and the adoption of a China Plus One strategy. It also emphasizes the role of technology in enhancing trade finance and boosting resiliency strategies across the supply chain.
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Citi and LuminArx Capital Announce the Launch of Strategic Private Lending Vehicle, Cinergy

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Citi and LuminArx Capital have launched Cinergy, a strategic financing vehicle in the private lending market, offering asset-backed and corporate capital solutions to Citi’s global client base. Cinergy will invest over $2 billion of capital across multiple asset classes, including asset-backed credit and corporate debt. It aims to meet the capital needs of clients and provide innovative leverage solutions to expand investment capacity.
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Citigroup Reports Fourth Quarter and Full-year 2023 Results

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Citi (C) reports Q4 and full-year 2023 results, with a Quarterly Financial Data Supplement available on its website. The company will host a conference call to review the results.
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FAQ

What is the current stock price of Citigroup (C)?

The current stock price of Citigroup (C) is $69.84 as of November 22, 2024.

What is the market cap of Citigroup (C)?

The market cap of Citigroup (C) is approximately 132.1B.

What is Citigroup Inc.?

Citigroup Inc. is an American multinational investment bank and financial services corporation, headquartered in New York City.

What are the primary segments of Citigroup's operations?

Citigroup's operations are organized into five segments: services, markets, banking, US personal banking, and wealth management.

What services does Citigroup provide?

Citigroup provides cross-border banking for multinational corporations, investment banking, trading, and credit card services in the US.

What recent achievements has Citigroup made?

Citigroup-backed Elwood Technologies was recently authorized by the UK Financial Conduct Authority to provide institutional-grade access to digital asset exchanges.

Who are some of Citigroup's key partners?

Some of Citigroup's key partners include Barclays, Goldman Sachs, and Dawn Capital.

What is the financial condition of Citigroup?

Citigroup maintains robust financial performance with a diverse portfolio and significant partnerships.

What is Elwood Technologies LLP?

Elwood Technologies LLP is a Citi-backed fintech providing institutional-grade digital asset trading platforms and was recently authorized by the UK FCA.

How many countries does Citigroup operate in?

Citigroup operates in more than 100 countries and jurisdictions.

When was Citigroup formed?

Citigroup was formed in 1998 by the merger of Citicorp and Travelers Group.

Where is Citigroup's headquarters located?

Citigroup's headquarters is located in New York City.

Stock C logo
Citigroup Inc.

NYSE:C

C Rankings

#97 Ranked by Market Cap
#943 Ranked by Dividends

C Stock Data

132.14B
1.83B
3.12%
73.89%
1.61%
Banks - Diversified
National Commercial Banks
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United States of America
NEW YORK