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Citigroup Says Allowance For Credit Losses On Loans Was $21.6 Bln At Quarter End
Citi Says It Intends To Pursue Exits From Consumer Franchises In Thirteen Markets
Citigroup Reports Qtrly Net ACL Release Of About $3.85 Billion
Citigroup Inc. is a diversified financial services holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Its business segments include Global Consumer Banking (GCB), Institutional Clients Group (ICG) and Corporate/Other. GCB segment provides traditional banking services to retail customers through retail banking, Citi-branded cards and Citi retail services. ICG segment provides corporate, institutional, public sector and high-net-worth clients with a range of wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, corporate lending, investment banking and advisory services, private banking, and securities services. Corporate/Other segment includes corporate treasury, operations and technology, and consumer loans.
388 Greenwich St
NEW YORK, NY
John Cunningham Dugan
Independent Chairman of the Board
Jane Nind Fraser
Chief Executive Officer, Director
Mark A.L. Mason
Chief Financial Officer
Chief Executive Officer - Asia Pacific
Chief Executive Officer - Europe, Middle East and Africa
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Citigroup Inc trounced first-quarter profit expectations, thanks to a rebound in the broader economy and a jump in investment banking activity, and said it will exit some overseas businesses as new chief executive Jane Fraser starts to make her mark on the country's third-largest...
A lawyer for Citigroup Inc told a U.S. judge on Friday he was aware of another large bank that recently made a bigger payment error than Citigroup made last August when it sent $894 million of its own money to Revlon Inc lenders.
Citigroup has added environmental, social and governance (ESG) scores to its securities services data platform for clients to track the sustainability exposure of their portfolio holdings, the U.S.-based banking group said on Thursday.
An Indian court on Tuesday said China's ByteDance must deposit around $11 million that authorities believe the company owes in an alleged case of tax evasion, a decision the government said bars the firm from using existing bank funds for other purposes.
A push to attract young and diverse talent and global consumers is behind some of corporate America's willingness to speak out on politically charged issues like Georgia's new voting law, executives and corporate governance experts said.
Citigroup Inc said it will consolidate three of its investment banking groups into one in a push for environmental sustainability, an area that has become critical for investors.
Citi Group said on Friday that it hired Erika Irish Brown from rival Goldman Sachs Group Inc to lead its global diversity strategy, according to an announcement on the bank's website.
Citi Group has hired Erika Irish Brown from rival Goldman Sachs Group Inc to lead its global diversity strategy, the bank said on its website on Friday.
In a move to combat fatigue triggered by remote working during the COVID-19 pandemic, Citigroup Inc has declared "Zoom-Free Fridays" and encouraged employees to limit calls outside work hours.
Cryptocurrency prices have soared in 2021, with bitcoin hitting a market capitalization of $1 trillion and Citigroup saying the digital tokens could become the preferred currency for international trade. But lawyers, for the most part, aren’t cashing in.
Citigroup Inc has offered rapid at-home COVID-19 testing to some employees that have continued to work at its U.S. branches and offices through the pandemic as they were unable perform their roles remotely, the bank said in a blog post on Wednesday.
Citigroup Inc's General Counsel Rohan Weerasinghe will retire from the bank after nearly a decade in the role, Chief Executive Officer Jane Fraser told staff on Tuesday, according to a memo seen by Reuters.
* IRISH HIGH COURT APPROVES NORWEGIAN AIR SHUTTLE REQUEST TO REPUDIATE GUARANTEES RELATED TO SEVERAL AIRCRAFT LEASES
The U.S. Securities and Exchange Commission has rejected a bid by Citigroup Inc to exclude a shareholder proposal that would call for an audit and public report on the bank's "adverse impacts" on communities of color.
Citigroup Inc said on Friday it recorded an additional $390 million in operating expenses in the 2020 fourth quarter after a U.S. federal judge ruled it was not entitled to recoup money it mistakenly wired to lenders of Revlon Inc last year.
Lucid Motors on Monday agreed to go public through a merger with Churchill Capital IV Corp, a blank-check company backed by Wall Street dealmaker and former Citigroup banker Michael Klein, in a deal that valued the combined company at $11.75 billion. (Reporting by Niket...
Citigroup Inc is considering divesting some international consumer units, Bloomberg Law reported on Friday, citing people familiar with the matter.
Citigroup Inc's employees in Texas can take shelter in the company's offices, a company executive said on Friday, as the U.S. state battles a severe winter storm that caused blackouts and disrupted water services.
A federal judge on Tuesday said Citigroup Inc <C.N> is not entitled to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon Inc, in what he called "a banking error of perhaps unprecedented nature and magnitude."
Citigroup Inc said on Tuesday it was booking a profit in its three-month bet on the South African rand versus the U.S. dollar.
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