Citigroup
Citigroup, or Citi, is an American multinational investment bank and financial services company. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998. It owns Citicorp, the holding company for Citibank.
In 2018, policy research and development entity Financial Stability Board named Citigroup amongst the list of 29 banks worldwide that they considered "systemically important financial institutions", that is, financial organisations whose size and role meant that any failure could cause serious systemic problems.
TMT investment banking activity in APAC slated for growth in H2: Citi
Citi’s clients are “increasingly looking to raise capital” for growth and M&As, it said.
TMT investment banking activity in APAC slated for growth in H2: Citi
Citi’s clients are “increasingly looking to raise capital” for growth and M&As, it said.
Citi combines in Japan, North Asia, and Australia clusters
This covers markets in East Asia, Australia, New Zealand, Hong Kong and Macau.
Citi names Damien Tan as head of corporate bank for Singapore
Tan was previously head of local corporates for Citi Singapore.
Citi, ABD ink deal to enhance supply chain financing for SMEs in Asia
It is expected to support over $100m of additional trade across APAC.
Citi names Amit Dhawan as head of CCB Singapore
Dhawan has been head of emerging corporates for Asia since 2017.
Citi revenue up 49% to $1.7b in 2023 as corporate lending grew
Both equity and debt underwriting fees rose.
Citi is Asia’s top equity capital markets underwriter in Q1
The bank reportedly commanded a total issuance volume double to its closest rival.
Citi names Janus Wu as IPB head for Hong Kong
Wu, who was Shenzhen branch manager, has relocated to Hong Kong.
Citi appoints Lin Hai as head of China commercial bank business
Lin was most recently head of corporate sales & solutions for China and HK.
Citi’s Shally Koh on how to foster a more diverse banking organisation
The bank is touting its male allyship and mother support programs as part of its bid for gender equality.
Citi opens two new wealth centres in Singapore
One Holland Village and Parkway Parade have floor areas exceeding 3,000 sqft.
Citi names Joy Cheng as head of Hong Kong commercial bank arm
Cheng brings 30 years of banking experience to the role.
Citi completes proof of concept on tokenization of private funds
It found new functionalities that could lower barrier-to-entry, Citi said.
Citi Securities Services launched FIX API connectivity in ETF platform
This comes at just the right time with the ETF industry's impending move to T+1.
Citi names Luke Lu as head of banking in China
He will oversee all of Citi’s business and operations in China.
Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout
And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.
Weekly Global News Wrap: Citi to exit distressed-debt trading business; Korea seeks to fine HSBC, BNP Paribas
And Germany seizes $790m from the bank account of a Russian financial institution.
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