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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 Partial Redemption of Series J Preferred Stock

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Citigroup Inc. (C) is redeeming 16,000 shares of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker “C Pr J”) equivalent to $400 million out of an outstanding total of $950 million aggregate liquidation preference. The redemption date is December 29, 2023, with a cash redemption price of $25 per Depositary Share. This move is consistent with Citigroup’s liability management strategy and efforts to enhance the efficiency of its funding and capital structure.
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Citi Develops Blockchain FX Solution under the Monetary Authority of Singapore’s Project Guardian

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Citi - Citi Develops Blockchain FX Solution Under Project Guardian with MAS - Citi has developed an innovative application under Project Guardian, using blockchain infrastructure to price and execute bilateral spot foreign-exchange trades. The application, not yet available to clients, provides real-time streaming of price quotes and records trade executions on a blockchain. Citi collaborated with T. Rowe Price Associates, Inc and Fidelity International on this initiative, aiming to explore the potential of distributed ledger technology in revolutionizing financial systems.
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Citi Appointed as Depositary Bank for the GDR Program of Will Semiconductor Co., Ltd. Shanghai

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Citi (C) appointed as Depositary Bank for Will Semiconductor Co., Ltd. Shanghai's (WILL) Global Depositary Receipt (GDR) Program, which was established in connection with a US$445 million offering of GDRs priced at US$14.35 per GDR. Each GDR represents one A share listed on the SIX Swiss Exchange under the symbol 'WILL'. Citi's cross-regional capabilities and global network are expected to enhance investor access for Will Semiconductor.
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New Citi GPS Report Highlights the Vital Role of Corporate Treasury in a Rapidly Changing World

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Citi released a study highlighting the importance of investing in Treasury. Companies that nurture treasury teams to be leaders enjoy better financial performance, with estimated additional earnings of up to $44bn over the last 5 years. Return on Invested Capital (ROIC) is 10% for companies with a leading treasury vs. 5.8% for laggards. Cash and Liquidity Management still contains opportunities for improvement. Leading treasuries leverage digitalization for automation and data insights.
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Citi GPS – Philanthropy and the Global Economy v3: Perspectives on the Future of Giving

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Citi released a report on the future of giving, highlighting the impact of geopolitical instability on charitable donations. While philanthropic sentiment remained high, charitable receipts evolved differently across the world in 2022. The US saw a reversal in growth, while the UK experienced a return to growth. Giving in Sweden also saw rapid growth after years of stagnation. The report also noted a reshaping of the donor base, with philanthropic dollars increasingly coming from institutions and affluent individuals. The allocation of charitable dollars might change, with larger nonprofits attracting more affluent donors. The report also highlighted the shift in the geography of philanthropy, with donors showing a preference for supporting locally-led organizations.
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Citi Appointed as Depositary Bank for Abivax SA’s ADR Program

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Citi has been appointed as the depositary bank for Abivax's IPO of American Depositary Shares (ADSs). Abivax's ADSs trade on Nasdaq and its ordinary shares are listed on Euronext Paris.
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Citi Acts as First Issuing and Paying Agent for World Bank on Euroclear’s New D-FMI DLT Platform

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Citi's Issuer Services has acted as the Issuing and Paying Agent for the first Digitally Native Note (DNN) issuance under English Law via Euroclear's D-FMI platform. The EUR 100 million 3-year DNN was issued by the World Bank and listed on the Luxembourg Stock Exchange. This partnership demonstrates the potential of blockchain technology to integrate with existing capital markets architecture.
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Citigroup Declares Common Stock Dividend; Citigroup Declares Preferred Dividends

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Citigroup Inc. declares quarterly dividend on common stock and preferred stock
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Citi GPS - Supply Chain Technology to Drive Efficiency, Resilience and Transparency

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Citi publishes report on supply chain technology and its potential to improve efficiency, resilience, and transparency.
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Citi and Navan Launch First Complete Travel and Expense System for Citi Commercial Bank Clients

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Citi and Navan launch a new travel and expense system for Citi Commercial Bank cardholders.
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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%
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