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.
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Citigroup Inc. (C) declares a quarterly dividend of $0.53 per share for its common stock, payable on February 23, 2024. Dividends for various preferred stock series are also declared, with payments ranging from $9.6875 to $31.25 per receipt held.
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Citi (C) Donates Over $6.6 Million to Support Education-Focused Non-Profit Organizations for 2023 e for Education Campaign
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ZKH Group Limited (ZKH) appoints Citi's Issuer Services as depositary bank for its American Depositary Receipt program. ZKH's ADSs trade on the NYSE under the ticker 'ZKH'. The initial public offering price is US$15.50 per ADS, with a total offering size of US$62 million. Citi's Global Head of Issuer Services, Dirk Jones, expresses commitment to providing high-quality ADR services to ZKH and its investors.
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Supra (SUPRA) is a Colombian fintech specializing in cross-border payments and treasury solutions for small and medium-sized businesses (SMBs) involved in import and export activities. Citi has led a strategic investment round in Supra, with Far Out Ventures and H20 Capital also participating in the financing round. The investment and integration of Citi’s cross-border payments and FX technology will support Supra’s operations and expansion in Colombia. The new capital will enable the growth of Supra’s Colombian operations to fulfill its payment aggregator role in partnership with Foreign Exchange Market Intermediaries (IMC) and licensed Payment Service Providers. In 2022, the market for business-to-business cross-border payments in Colombia was approximately $134 billion according to data from the Colombian Tax Authorities (DIAN).
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Citi Treasury and Trade Solutions (TTS) has invested in Icon Solutions, a leading fintech provider of payments technology and consultancy services. Citi plans to expand its use of the Icon Payments Framework (IPF) to enhance its micro-services orchestration architecture. This investment and relationship with Icon Solutions demonstrates Citi’s strategy of working with fintechs to strengthen its technology and payments capabilities. Citi is working on a multi-year modernization effort of its payments platforms, prioritizing flexibility and accelerating the bank’s ability to respond to the pace of change in payment infrastructure, regulatory environment, and evolving client demands in a digital-first environment.
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BioCatch (BCAT) announced the addition of Sallie Krawcheck and Liat Nadai Arad to the board of directors. Krawcheck brings extensive financial services experience, having served as CEO of Ellevest and held executive roles at Merrill Lynch Wealth Management and Citigroup. Arad, a cybersecurity veteran, has a background in digital transformation and operational technology within the Israeli Defense Forces. Both join BioCatch as the company achieves $100M in annual recurring revenue and EBITA profitability.
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Citi collaborates with Traydstream, a leading provider of innovative trade documentation solutions, to provide clients with access to automated trade-document processing capability. The collaboration aims to reduce manual process risk and cost, streamline documentation review, and mitigate risks for businesses engaged in cross border trade. Traydstream provides cloud-based automated document checking solutions that help accelerate time-consuming trade procedures. Citi's commitment to providing clients with advanced tools and technologies to facilitate trade is evident in this collaboration.
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Citi's survey reveals that 90% of U.S. adults express confidence in preventing financial scams, yet more than a quarter have fallen victim. Americans reported $8.8 billion in scam losses to the FTC in 2022, a 30% increase over 2021. Scammers are nimble, well-organized, and aided by sophisticated tools, leading to severe financial impacts on victims. 32% of Gen Z report being victims of financial scams. Citi is a trusted source for fraud and scam prevention information.
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Citi (C) named Best Digital Bank 2023 by Global Finance Magazine, winning multiple regional and subcategory awards and 73 country awards. Citi's digital solutions show significant YOY growth in active users and API calls, reflecting the institution's commitment to cutting-edge technology and client-centric approach.
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Citi Global Perspectives and Solutions (GPS) will publish two reports titled ‘Unlocking Climate and Development Finance: Creating Bankable Projects’ and ‘Food, Water, Climate Nexus.’ The reports address global challenges from food security, water scarcity, and climate change. The first report focuses on increasing the flow of money into geographies, industries, and projects while generating a suitable risk-adjusted return. The second report analyzes the connections between food, water, and climate, highlighting the impact of climate change on water supplies and global food production. Citi's largest ever COP delegation comprises senior leaders representing businesses across the firm working to accelerate the transition to a low-carbon economy.
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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.
Citigroup Inc.
NYSE:C
C Rankings
C Stock Data
132.14B
1.83B
3.12%
73.89%
1.61%
Banks - Diversified
National Commercial Banks
United States of America
NEW YORK