United States

Citigroup Inc (C)

C on New York Consolidated

28 Jul 2017
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$-0.09 (-0.13%)
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Latest Key Developments (Source: Significant Developments)

Citi Private Bank appoints David Bailin as global head of investments
Wednesday, 26 Jul 2017 10:40am EDT 

July 26 (Reuters) - Citi Private Bank:Citi private bank appoints david bailin as global head of investments.Citi private bank - prior to joining citi, bailin was managing director, head of alternative investment asset management bofa global wealth and investment.  Full Article

Citi Retail Services expands partnership with American Honda Motor
Wednesday, 26 Jul 2017 10:08am EDT 

July 26 (Reuters) - Citi Retail Services::Citi Retail Services expands partnership with American Honda Motor Corp..Long-term agreement with American Honda Motor to provide private label credit card program for Honda's Powersports dealer network nationwide.  Full Article

Citigroup targets FY EPS of about $9.00 by 2020 - presentation
Tuesday, 25 Jul 2017 09:47am EDT 

July 25 (Reuters) - Citigroup Inc ::Citigroup says targets FY EPS of about $9.00 by 2020 - presentation.  Full Article

Citigroup says expects to produce $20 bln in net income by 2020 - Presentation‍​
Tuesday, 25 Jul 2017 09:17am EDT 

July 25 (Reuters) - Citigroup Inc ::Says targets RoTCE of about 11 percent by 2020 ‍​- presentation.Says targets efficiency ratio at low – 50 percent by 2020.Says targets RoTCE Ex. DTA of about 13 percent by 2020​.To generate $2.5 billion of annual efficiency savings by 2020 for reinvestment in franchise‍​‍​.Says targets return on assets 90 bps – 110 bps by 2020.Says to increase annual investment spend by about $1.5 billion by 2020.Says expects to produce $20 billion in net income by 2020 - presentation.Says targets 14 percent return on tangible common equity (RoTCE) over longer term - presentation.Says expects to hit over longer-term 14 percent RoTCE target on earnings growth from consumer, institutional businesses.Says targets total capital return $60 plus billion through 2020.Says expects CCAR capital return of $20 plus billion in 2018 and 2019 ‍​.Says expects CET1 capital ratio of 11.5 percent by year-end 2019 ‍​.  Full Article

Citi announces collaboration with Cornell Tech
Monday, 24 Jul 2017 09:00am EDT 

July 24 (Reuters) - Citigroup Inc ::Citi announces collaboration with Cornell Tech.  Full Article

Citi and PayPal expand partnership to deliver enhanced payments experience
Thursday, 20 Jul 2017 08:59am EDT 

July 20 (Reuters) - Citigroup Inc ::Citi and PayPal expand partnership to deliver enhanced payments experience.PayPal Holdings Inc - ‍functionality is slated to launch in 2018​.PayPal Holdings - expansion of deal will enable eligible Citi cardmembers to use thankyou points to pay for purchases when shopping online​.  Full Article

Citigroup sets quarterly dividend of $0.32 per share
Wednesday, 19 Jul 2017 04:15pm EDT 

July 19 (Reuters) - Citigroup Inc :Sets quarterly dividend of $0.32 per share.  Full Article

William Thompson, Jr. to retire from Citi board
Wednesday, 19 Jul 2017 04:15pm EDT 

July 19 (Reuters) - Citigroup Inc :William S. Thompson, Jr. to retire from Citi board of directors.Citigroup inc - ‍following Thompson's retirement, Citi board will consist of 14 directors​.  Full Article

Citigroup Inc says credit card charge-offs 2.40 pct in June vs 2.94 pct in May - SEC filing
Monday, 17 Jul 2017 05:22pm EDT 

July 17 (Reuters) - Citigroup Inc :Citigroup Inc - credit card charge-offs 2.40 percent in June versus 2.94 percent in May - SEC filing.Citigroup Inc - credit card delinquency rate 1.38 percent at June end versus 1.50 percent at May end.  Full Article

Citigroup reports Q2 ‍fixed income markets revenues of $3.2 bln
Friday, 14 Jul 2017 07:45am EDT 

July 14 (Reuters) - Citigroup Inc :Citigroup reports second quarter 2017 earnings per share of $1.28.Quarterly ‍fixed income markets revenues of $3.2 billion in Q2 2017 decreased 6 percent.‍Allowance for loan losses was $12.0 billion at quarter end, or 1.88 percent of total loans, compared to $12.3 billion, or 1.96 percent of total loans​.Quarterly ‍GCB revenues of $8.0 billion increased 5%​.Quarterly ‍equity markets revenues of $691 million decreased 11%​.Quarterly ‍ICG revenues of $9.2 billion increased 6%, driven by growth across all banking products​.Citigroup CEO Corbat says ‍"During quarter, we saw continued momentum in our businesses, with loan and revenue growth across both sides of the house​".  Full Article

MOVES-Citi hires Wilson for electronic, algo trading

LONDON, July 28 (IFR) - Citigroup has hired Sabrina Wilson from Deutsche Bank to head its global electronic and algorithmic trading.