Citigroup.com News Feed http://www.citigroup.com/ Citigroup.com News Source Tue, 31 Mar 2015 01:24:09 EDT en-us Citigroup.com Content Management System Thu, 19 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150319b.htm Consumer Banking North America Citi Retail Services Extends Long-Term Consumer and Commercial Credit Relationship with Office Depot, Inc. Atlanta – Citi Retail Services today announced a long-term agreement with Office Depot, Inc. to extend the companies' 25-year consumer and commercial credit relationship and to consolidate the Office Depot and OfficeMax credit agreements into one program. http://www.citigroup.com/citi/news/2015/150319b.htm Thu, 19 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150319a.htm Responsible Finance North America U.S.: Citi Announces Citi Community Home Runs Program for 2015 New York Mets Season New York – Citi announced today the launch of the Citi Community Home Runs Program for the 2015 New York Mets' season. For the second consecutive year, Citi will donate $2,000 to one of four tri-state area community partners each time a Mets player hits a home run at Citi Field during the regular season: City Harvest, United Neighborhood Houses, USO of Metropolitan New York, and New York City's YMCA. Each organization will also receive a $5,000 initial donation to kick-off the program. The Citi Community Home Runs Program begins on April 13, Mets' Opening Day, and continues through the final regular season home game on October 4 at Citi Field. http://www.citigroup.com/citi/news/2015/150319a.htm Wed, 18 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150318a.htm Citi-Wide Citi First Quarter 2015 Fixed Income Investor Review New York – John Gerspach, Chief Financial Officer, will conduct the Citigroup first quarter 2015 Fixed Income Investor Review at 11 a.m. (ET) on Thursday, April 23, 2015. The review will be available live via webcast and teleconference. http://www.citigroup.com/citi/news/2015/150318a.htm Tue, 17 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150317a.htm Consumer Banking/North America Citi Retail Services' Leslie McNamara Named One of the Most Influential Women in Payments New York – PaymentsSource named Citi Retail Services' Leslie McNamara, Managing Director and Executive Vice President of Partner Management, one of the 2015 Most Influential Women in Payments. PaymentsSource, a U.S. payments industry news resource, published its third-annual ranking this month at PaymentsSource.com/women-in-payments, and its affiliate American Banker will feature the list as a special report in its April issue. http://www.citigroup.com/citi/news/2015/150317a.htm Mon, 16 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150316c.htm Citi-Wide Citigroup Announces Reference Yields and Total Consideration for Note Tender Offers New York – Citigroup Inc. ("Citigroup") announced today the applicable Reference Yield and Total Consideration for the previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers") with respect to each series of Notes listed in the table below (the "Notes"). http://www.citigroup.com/citi/news/2015/150316c.htm Mon, 16 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150316b.htm Citi-Wide Citigroup Announces Upsizing and Early Tender Results of Offers to Purchase Specified Series of Outstanding Notes New York – Citigroup Inc. ("Citigroup") announced today that it has increased the maximum aggregate principal amounts of specified series of notes (the "Notes") that it will accept (each, a "Maximum Series Tender Cap") and the aggregate principal amounts of Notes that were validly tendered and not validly withdrawn prior to 5p.m., New York City time, on March 13, 2015 (the "Early Tender Date") pursuant to its previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers"), as set forth in the table below. All Notes that have been validly tendered at or prior to the Early Tender Date and are accepted in the Offers will be purchased, retired and cancelled by Citigroup on the early settlement date, which is expected to occur on March 18, 2015 (the "Early Settlement Date"). http://www.citigroup.com/citi/news/2015/150316b.htm Mon, 16 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150316a.htm Responsible Finance Institutional Clients Group/North America Citi's Lead Widens with Affordable Housing Finance Magazine's Ranking of Top Affordable Housing Lender for 2014 New York – Citi continues its reign as No. 1 in Affordable Housing Finance (AHF) Magazine's annual survey of affordable housing lenders for the sixth consecutive year. Citi Community Capital, which is the main avenue through which Citi works to finance all types of affordable housing and community investment projects, reported over $3.2 billion of lending to finance affordable rental housing projects in 2014, up from $2.6 billion the previous year. http://www.citigroup.com/citi/news/2015/150316a.htm Wed, 11 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150311a.htm Citi-Wide Citi Announces 2015 Planned Capital Actions New York – The Federal Reserve Board today advised Citi that it has no objection to the planned capital actions requested by Citi as part of the 2015 Comprehensive Capital Analysis and Review (CCAR). http://www.citigroup.com/citi/news/2015/150311a.htm Tue, 10 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150310a.htm Citi-Wide Citigroup Announces Expiration and Final Tender Results of Offers to Purchase Three Series of Outstanding Notes New York – Citigroup Inc. ("Citigroup") announced today the expiration and final tender results of its previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers") with respect to each series of notes listed in the table below (the "Notes"). http://www.citigroup.com/citi/news/2015/150310a.htm Thu, 05 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150305b.htm Citi-Wide Citi Releases Certain Disclosures Required by the Federal Reserve Board's Annual Supervisory Stress Tests London - Citigroup Inc. today announced that it has sold 396 million common shares in Akbank T.A.S. (Akbank) through an equity offering representing its entire 9.9 percent equity interest in the company for TRY7.45 per share. Total proceeds from the transaction are expected to be approximately US$1.15 billion at the current exchange rate, with no material financial impact to Citigroup. http://www.citigroup.com/citi/news/2015/150305b.htm Thu, 05 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150305a.htm Citi-Wide Europe, Middle East & Africa Citigroup Completes Sale of 9.9 Percent Equity Interest in Akbank T.A.S London - Citigroup Inc. today announced that it has sold 396 million common shares in Akbank T.A.S. (Akbank) through an equity offering representing its entire 9.9 percent equity interest in the company for TRY7.45 per share. Total proceeds from the transaction are expected to be approximately US$1.15 billion at the current exchange rate, with no material financial impact to Citigroup. http://www.citigroup.com/citi/news/2015/150305a.htm Wed, 04 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150304a.htm Consumer Banking Citi and MasterCard Sign New Global Agreement That Expands Relationship New York and Purchase, N.Y. - Citigroup and MasterCard announced today that the companies have signed a new and expanded 10-year agreement. Citi will begin aligning the company's consumer proprietary credit and debit portfolios to the MasterCard network in 2015. Citi will continue to work with other networks, including on consumer co-brands and commercial cards. http://www.citigroup.com/citi/news/2015/150304a.htm Tue, 03 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150303b.htm Responsible Finance North America U.S.: The Citi Foundation and Cities for Financial Empowerment Fund Expand Summer Jobs Connect to New Cities as Part of National Pathways to Progress Initiative Washington, D.C. - Today, at the President's Advisory Council on Financial Capability for Young Americans meeting hosted at the White House, the Citi Foundation and Cities for Financial Empowerment Fund (CFE Fund) announced the District of Columbia and St. Louis have been selected to join Summer Jobs Connect, which provides low-income youth with summer work experience, access to financial education and appropriate financial services. Launched in 2014 in Chicago, Los Angeles, Miami, New York City, and San Francisco, Summer Jobs Connect will support more than 2,000 jobs for young people in seven cities over the summer of 2015. http://www.citigroup.com/citi/news/2015/150303b.htm Tue, 03 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150303a.htm Citi-Wide Citi to Sell OneMain Financial to Springleaf New York - Citigroup today announced that it has reached a definitive agreement to sell OneMain Financial Holdings, Inc. to Springleaf Holdings (NYSE: LEAF) for a purchase price of $4.25 billion. The deal is expected to close in the third quarter of 2015, subject to regulatory approvals and other customary closing conditions. http://www.citigroup.com/citi/news/2015/150303a.htm Mon, 02 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150302b.htm Citi-Wide Citigroup Inc. Announces Offers to Purchase Four Series of Outstanding Notes New York - Citigroup Inc. ("Citigroup") today announced the commencement of offers to purchase for cash certain of its notes of the series set forth in the table below up to an aggregate principal amount with respect to each series of notes (each, a "Maximum Series Tender Cap"). The offer to purchase each series of Notes is referred to as an "Offer" and all such offers are referred to collectively as the "Offers." The Notes had an aggregate principal amount outstanding of approximately U.S. $5.31 billion as of March 2, 2015. http://www.citigroup.com/citi/news/2015/150302b.htm Mon, 02 Mar 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150302a.htm Consumer Banking/North America Costco Enters into a Long Term Co-Brand Credit Card Agreement with Citi and an Acceptance and Co-Brand Agreement with Visa Issaquah, Wash. - Costco Wholesale Corporation ("Costco") (NASDAQ: COST) today announced it has entered into a new co-brand credit card program agreement with Citi and an acceptance and co-brand incentive agreement with Visa. The implementation of these agreements is subject to the purchase of the existing co-brand credit card portfolio by Citi. http://www.citigroup.com/citi/news/2015/150302a.htm Wed, 25 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150225b.htm Europe, Middle East & Africa Citi Sponsors Pakistan Capital Markets Day at the London Stock Exchange Pakistan - Citi N.A. sponsored the fourth annual Pakistan Capital Markets Day at the London Stock Exchange on February 20, 2015. The event featured participation from 14 of Pakistan's leading companies, as well as London-based and international investors. The Pakistani companies represented at the event included Allied Bank, Bank Alfalah, Bestway, Fatima Fertiliser, Fauji Fertiliser, Hub Power Company, K-Electric, Maple Leaf, National Bank of Pakistan, Oil & Gas Development Company Limited, Pakistan Telecom, Pakistan International Bulk, Saif Power and United Bank of Pakistan. http://www.citigroup.com/citi/news/2015/150225b.htm Tue, 24 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150225a.htm Europe, Middle East & Africa Citi Handlowy Recognized by Amcham as "Impact Pioneer" of the Polish Economy Warsaw, Poland - On February 14, AmCham in Poland celebrated its 25th anniversary. During a Hollywood-style gala event, AmCham awarded Citi Handlowy the Impact Pioneer Award. Citi Handlowy was among three companies recognized by AmCham on this special occasion. Statuettes also went to GE International and UTC (United Technologies). Handlowy was recognized as one of the strongest financial institutions offering modern products and services for both corporate and individual clients, strongly perceived as a significant American investor in Poland. http://www.citigroup.com/citi/news/2015/150225a.htm Tue, 24 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150224d.htm Citi-Wide Citigroup Announces Reference Yields and Total Consideration for Note Tender Offers New York - Citigroup Inc. ("Citigroup") announced today the applicable Reference Yield and Total Consideration for the previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers") with respect to each series of Notes listed in the table below (the "Notes"). http://www.citigroup.com/citi/news/2015/150224d.htm Tue, 24 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150224c.htm Citi-Wide Citigroup CFO John Gerspach to Present at the Raymond James Institutional Investors Conference New York - John Gerspach, Chief Financial Officer of Citigroup, will present at the 36th Annual Raymond James Institutional Investors Conference on Monday, March 2, 2015. The presentation is expected to begin at approximately 9:15 a.m. (Eastern). A live webcast and presentation materials will be available at www.citigroup.com/citi/investor. A replay and transcript of the webcast will be available shortly after the event. http://www.citigroup.com/citi/news/2015/150224c.htm Tue, 24 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150224b.htm Consumer Banking Citi and IBM Align to Accelerate Digital Banking Innovation Through Citi Mobile Challenge Las Vegas, Nev. - Citi and IBM today announced a collaboration to work with developers and build the next generation of financial technology (FinTech) through the Citi Mobile Challenge. IBM will offer mentorship tutorials, and access to Bluemix, IBM's digital innovation platform, to help developers participating in the Citi Mobile Challenge build, test and deploy their FinTech solutions. Citi Chief Client Experience, Digital and Marketing Officer for Global Consumer Banking Heather Cox and IBM fellow and Websphere CTO Jerry Cuomo made the announcement at IBM InterConnect 2015, IBM's major cloud and mobile conference. http://www.citigroup.com/citi/news/2015/150224b.htm Tue, 24 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150224a.htm Citi-Wide Citigroup Announces Upsizing and Early Tender Results of Offers to Purchase Specified Series of Outstanding Notes New York - Citigroup Inc. ("Citigroup") announced today that it has increased the maximum aggregate principal amounts of specified series of notes (the "Notes") that it will accept (each, a "Maximum Series Tender Cap") and the aggregate principal amounts of Notes that were validly tendered and not validly withdrawn prior to 5 p.m., New York City time, on February 23, 2015 (the "Early Tender Date") pursuant to its previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers"), as set forth in the table below. All Notes that have been validly tendered at or prior to the Early Tender Date and are accepted in the Offers will be purchased, retired and cancelled by Citigroup on the early settlement date, which is expected to occur on February 26, 2015 (the "Early Settlement Date"). http://www.citigroup.com/citi/news/2015/150224a.htm Mon, 23 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150223c.htm Institutional Clients Group/Europe, Middle East & Africa U.A.E.: Citi and Etihad Airways Sign Supply Chain Finance Partnership http://www.citigroup.com/citi/news/2015/150223c.htm Mon, 23 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150223b.htm Consumer Banking Citi Retail Services Wins Institute of Risk Management's Global Risk Award London - Citi's private label credit card unit, Citi Retail Services, won the "Risk Management Solution of the Year" award at The Institute of Risk Management's (IRM's) award ceremony last night in London. The 2015 Awards, which recognize innovation, creativity and achievement in risk management, attracted entries from across the Americas, Asia, Africa, Europe and the Middle East. Now in their third year, the Awards are known for their global reach, caliber of entrants and rigorous judging process. http://www.citigroup.com/citi/news/2015/150223b.htm Mon, 23 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150223a.htm Europe, Middle East & Africa Citi Mobile Challenge Launches in Jerusalem, London, Nairobi and Warsaw New York / London - Citi today announced the launch of Citi Mobile Challenge in Europe, the Middle East and Africa, the latest part of Citi's global Digital Acceleration effort to foster innovation within the banking industry. The virtual competition invites developers from around the world to build innovative solutions based on Citi's digital platform. Citi's vast global network gives developers an opportunity to have their ideas put in place in markets all over the world. http://www.citigroup.com/citi/news/2015/150223a.htm Wed, 18 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150218c.htm Citi-Wide Citi First Quarter 2015 Earnings Review New York - Citigroup will issue its first quarter results via press release at approximately 8 a.m. (ET) on Thursday, April 16, 2015. At 11 a.m. (ET), results will be reviewed via live webcast and teleconference. http://www.citigroup.com/citi/news/2015/150218c.htm Wed, 18 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150218a.htm Citi-Wide Responsible Finance Citi Announces $100 Billion, 10-Year Commitment to Finance Sustainable Growth New York - Citi announced today a landmark commitment to lend, invest and facilitate a total of $100 billion within the next 10 years to finance activities that reduce the impacts of climate change and create environmental solutions that benefit people and communities. This goal is in addition to a previous $50 billion goal announced in 2007, which was met three years early in 2013. http://www.citigroup.com/citi/news/2015/150218a.htm Tue, 17 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150217a.htm Citi-Wide Citi Board Elects Peter Blair Henry to Board of Directors New York - Citi's Board of Directors today announced that it has elected Peter Blair Henry as a new independent director, with his service commencing July 1, 2015. Dr. Henry is the Dean of New York University's Leonard N. Stern School of Business and an international economist who specializes in emerging economies. http://www.citigroup.com/citi/news/2015/150217a.htm Sun, 15 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150218b.htm Institutional Clients Group/Asia Pacific Citi Launches Free Trade Accounting Unit Business in China (Shanghai) Pilot Free Trade Zone Shanghai - Citibank (China) Co., Ltd. ("Citi China") today announced the launch of its Free Trade Accounting Unit ("FTU") business in its Shanghai Free Trade Zone ("SFTZ") Sub-branch. http://www.citigroup.com/citi/news/2015/150218b.htm Tue, 10 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150210b.htm Institutional Clients Group/Asia Pacific Citi Wins "Best Transaction Bank in China" Shanghai - Citi was named Best Bank in China in the 2014 Asia Pacific Country Transaction Bank Awards sponsored by the Corporate Treasurer, a leading treasury-focused publication in Asia Pacific. http://www.citigroup.com/citi/news/2015/150210b.htm Tue, 10 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150210a.htm Consumer Banking/North America U.S.: Citi Announces Digital Marketing Alliance with Zillow New York - Citi announced it has entered into a digital marketing alliance with the online real estate marketplace Zillow. The integrated offering is dedicated to reaching home buyers and those in need of mortgage financing, in priority cities for Citi's U.S. consumer business. Under the agreement, Citi has an increased presence on Zillow, Zillow Mortgages and StreetEasy, New York City's go-to real estate app and website owned by Zillow. http://www.citigroup.com/citi/news/2015/150210a.htm Mon, 09 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150209a.htm Citi-Wide Citigroup Inc. Announces Offers to Purchase Three Series of Outstanding Notes New York - Citigroup Inc. ("Citigroup") today announced the commencement of offers to purchase for cash certain of its notes of the series set forth in the table below up to an aggregate principal amount with respect to each series of notes (each, a "Maximum Series Tender Cap"). The offer to purchase each series of Notes is referred to as an "Offer" and all such offers are referred to collectively as the "Offers." The Notes had an aggregate principal amount outstanding of approximately U.S. $3.52 billion as of February 6, 2015. http://www.citigroup.com/citi/news/2015/150209a.htm Sat, 07 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150207a.htm Responsible Finance Asia Pacific Inclusive Development and Migration Forum Held in Singapore Singapore - Migration is a phenomenon of today's interconnected world with an estimated 230 million migrants globally in 2013 and continues to grow in scope, complexity and impact. http://www.citigroup.com/citi/news/2015/150207a.htm Thu, 05 Feb 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150205a.htm Citi-Wide Citigroup CEO of U.S. Consumer & Commercial Banking and CitiMortgage Jane Fraser to Present at the 2015 Credit Suisse Financial Services Forum New York - Jane Fraser, Chief Executive Officer of U.S. Consumer & Commercial Banking and CitiMortgage, will present at the 2015 Credit Suisse Financial Services Forum on Tuesday, February 10, 2015. The presentation is expected to begin at approximately 9:30 a.m. (Eastern). A live webcast and presentation materials will be available at www.citigroup.com/citi/investor. A replay and transcript of the webcast will be available shortly after the event. http://www.citigroup.com/citi/news/2015/150205a.htm Fri, 30 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150130a.htm Responsible Finance North America U.S.: As Part of Ninth Annual National Earned Income Tax Credit Awareness Day, Citi Releases Latest "Money Matters" Guide New York - Today, Citi - in collaboration with nonprofit partners in eight states across the United States - released the Money Matters guide, which is a tool designed to raise awareness of the Earned Income Tax Credit (EITC), a refundable tax credit for low- and moderate-income working families. Last year, nearly 28 million families received more than $65 billion in EITC refunds, with an average refund of $2,407 per family, but many additional taxpayers may qualify for qualify for the credit. http://www.citigroup.com/citi/news/2015/150130a.htm Wed, 28 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150129a.htm Consumer Banking Europe, Middle East & Africa Citi Launches Rewards Program in Bahrain Manama, Bahrain - Citi Bahrain announced the launch of Citi's exclusive Rewards program giving its local credit card clients access to leading merchandise from across the globe including product catalogue redemptions, airline/hotel points transfer capabilities and end-to-end travel bookings online. http://www.citigroup.com/citi/news/2015/150129a.htm Tue, 27 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150127a.htm Consumer Banking/North America U.S.: Citi Small Business Lending Reaches $9.2 Billion in 2014 New York - Citi announced today that it lent $9.2 billion to U.S. small businesses in 2014. Since 2012, Citi has lent small businesses $28 billion, a more than 50 percent increase from the previous three-year period over which time the bank lent small businesses $18.4 billion. The 2014 tally comes a year after Citi surpassed the three-year $24 billion commitment it made in 2011 in conjunction with the U.S. Small Business Administration (SBA) to provide access to lending and capital that would speed economic recovery. Citi Chief Executive Officer Michael Corbat announced the 2014 total today in remarks to the Greater Omaha Chamber of Commerce. http://www.citigroup.com/citi/news/2015/150127a.htm Mon, 26 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150126a.htm Responsible Finance Brandee McHale Named President of the Citi Foundation and Director of Corporate Citizenship for Citi New York - Today, Citi announced that Brandee McHale has been appointed President of the Citi Foundation and Director of Corporate Citizenship for Citi, effective February 1. Ms. McHale will succeed Pamela Flaherty, who is retiring at the end of January after 46 years with Citi. Ed Skyler will remain Chairman of the Citi Foundation. http://www.citigroup.com/citi/news/2015/150126a.htm Tue, 20 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150120c.htm Consumer Banking/North America U.S.: Citi Cards Provides Complimentary FICO Scores and Insights to Cardmembers New York - Citi has begun delivering complimentary FICO Scores to Citi-branded consumer credit cardmembers, as previously announced in fall 2014. Beginning immediately, millions of Citi consumer credit cardmembers can access their FICO Score online at www.citi.com/creditscore after logging in with their account credentials. Citi will provide monthly updates to FICO scores, based on Equifax data. http://www.citigroup.com/citi/news/2015/150120c.htm Fri, 16 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150120a.htm Institutional Clients Group/Asia Pacific Citi Enables Regulated Offshore Funds to Access Stock Connect A-Shares Hong Kong - Citi is pleased to announce that its depositary bank business is ready to enable Alternative Investment Funds (AIF) and UCITS funds registered in a number of European countries the ability to trade A-shares through the Shanghai-Hong Kong Stock Connect system. http://www.citigroup.com/citi/news/2015/150120a.htm Thu, 15 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150121a.htm Consumer Banking/Asia Pacific Tata AIA Life and Citibank Partner to Serve Insurance Needs of India Households Mumbai - Citibank and Tata AIA Life today announced they are focused on serving the life insurance and wealth management needs of members of the global Indian community who have a desire for higher coverage through innovative products and an affinity for simple digital delivery. This is a growing base of approximately 18.4 million households across 14 cities in India that has a large protection gap, estimated at more than INR 150 trillion. http://www.citigroup.com/citi/news/2015/150121a.htm Thu, 15 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150120b.htm Responsible Finance Asia Pacific Tsao Foundation Hosts First Multipartite Regional Meeting on Financial Security of Older Women in East and Southeast Asia Singapore - Today, Singapore hosts the first Multipartite Regional Meeting on the Financial Security of Older Women in East and Southeast Asia. http://www.citigroup.com/citi/news/2015/150120b.htm Thu, 15 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150115b.htm Citi-Wide Citigroup Declares Common Stock Dividend New York - The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.01 per share, payable on February 27, 2015 to stockholders of record on February 2, 2015. http://www.citigroup.com/citi/news/2015/150115b.htm Thu, 15 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150115a.htm Citi-Wide Citigroup Reports Fourth Quarter 2014 Earnings per Share of $0.06 New York - Citigroup Inc. today reported net income for the fourth quarter 2014 of $350 million, or $0.06 per diluted share, on revenues of $17.8 billion. This compared to net income of $2.5 billion, or $0.77 per diluted share, on revenues of $17.8 billion for the fourth quarter 2013. Legal and related expenses and repositioning charges totaled $3.5 billion in the current quarter, compared to $1.0 billion in the prior year period. http://www.citigroup.com/citi/news/2015/150115a.htm Mon, 12 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150120d.htm Responsible Finance Europe, Middle East & Africa Kuwait: Citi Sponsors Charter Awards Ceremony for the Fifth Consecutive Year Kuwait City, Kuwait - In line with Citi's global commitment to supporting programs that add value to bankers and progress their careers further, Citi Kuwait sponsored the Chartered Financial Analyst (CFA) Annual Forecast Dinner and Charter Awards Ceremony for the fifth consecutive year. http://www.citigroup.com/citi/news/2015/150120d.htm Mon, 12 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150112a.htm Consumer Banking/Asia Pacific Citi Appoints Retail Bank Head for Asia Citi has appointed Gonzalo Luchetti as Regional Retail Bank Head for Citi's Consumer Bank in Asia with immediate effect. In this role, Gonzalo will be based in Hong Kong and will be responsible for Segments, Retail Products and Sales & Distribution across the region in Citi's retail bank which operates across 12 markets in Asia. Gonzalo will also continue with his current responsibilities as the Global Head of Wealth Management and Insurance for the Consumer Bank. http://www.citigroup.com/citi/news/2015/150112a.htm Fri, 09 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150112b.htm Institutional Clients Group Non-U.S. Companies Raise $37.3 Billion Through Depositary Receipts in 2014 New York - The market for non-U.S. companies raising capital in depositary receipt (DR) form reached a significant milestone in 2014, with $37.3 billion in DR capital raised. The total represents the highest level since 2007 and is up more than three times from 2013 levels. http://www.citigroup.com/citi/news/2015/150112b.htm Thu, 08 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150108a.htm Institutional Clients Group Consumer Banking/Asia Pacific North America Citi Awarded Best Bank in Asia by FinanceAsia Magazine Citi is the best bank in Asia for 2014 according to leading industry publication FinanceAsia. The editorial team at FinanceAsia magazine made the selection, which was based on the performance of banks across institutional and retail banking for the last 12 months. This was the sixth year in a row Citi has picked up the award. http://www.citigroup.com/citi/news/2015/150108a.htm Tue, 06 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150107a.htm Responsible Finance North America CitiFinancial Donates $100,000 to Food Banks Canada Toronto - Food Banks Canada is pleased to announce that CitiFinancial has increased its level of support to Key Partner for the coming year and generously provided a corporate donation in the amount of $100,000. Since partnering together in 2010, CitiFinancial has made corporate donations totaling more than $235,000 as well as providing numerous employee volunteer hours and in-branch food drives in support of local food banks. http://www.citigroup.com/citi/news/2015/150107a.htm Tue, 06 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150106a.htm Citi-Wide Citigroup Announces Expiration and Final Tender Results of Offers to Purchase Six Series of Outstanding Notes New York - Citigroup Inc. ("Citigroup") announced today the expiration and final tender results of its previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers") with respect to each series of notes listed in the table below (the "Notes"). http://www.citigroup.com/citi/news/2015/150106a.htm Fri, 02 Jan 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150102a.htm Citi-Wide Citigroup Declares Preferred Dividends New York - The Preferred Stock Committee of the Board of Directors of Citigroup Inc. today declared dividends on Citigroup's preferred stock as follows: http://www.citigroup.com/citi/news/2015/150102a.htm Mon, 28 Dec 2015 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150107b.htm Responsible Finance Institutional Clients Group/Europe, Middle East & Africa Citi Qatar Holds Bourse Game Seminar for the Second Time Doha, Qatar - With the aim of training local treasury, finance and investment officers from corporate and government entities in Qatar, Citi recently held its globally acclaimed Bourse Game seminar for the second time in Doha. http://www.citigroup.com/citi/news/2015/150107b.htm Thu, 25 Dec 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/141224a.htm Citi-Wide Asia Pacific Citi Announces Agreement to Sell Retail Banking Business in Japan to Sumitomo Mitsui Banking Corporation New York - Citi (NYSE: C) today announced that it has reached a definitive agreement to sell its retail banking business in Japan to Sumitomo Mitsui Banking Corporation (hereafter SMBC). The entire retail banking operations of Citibank Japan Ltd., including its Japan-wide network of retail branches and ATMs, will be transferred to a trust bank subsidiary of SMBC as part of the transaction, together with approximately 1,600 Citi Japan employees, about 740,000 customer accounts and approximately JPY2.5 trillion (US$21.0 billion at an exchange rate of 118.15 yen to US$1.00) of yen and foreign currency deposits as of November 30, 2014. The financial terms of the transaction are not material to Citi. The transaction is expected to close in late 2015, subject to regulatory approvals and other customary closing conditions. http://www.citigroup.com/citi/news/2014/141224a.htm Mon, 22 Dec 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150107c.htm Responsible Finance Europe, Middle East & Africa Bulgaria: University Students Learn How to Create Jobs in the SMARTUp Challenge Program Sofia - Fifty students from Bulgaria will take part in the SMARTUp Challenge program aimed at reducing youth unemployment. The official launch of the program is on December 3, 2014 with "Young Innovators Day" where the selected students will meet with representatives of Citi and Junior Achievement. They will participate in three interactive workshops delivered by Junior Achievement throughout November 2014-May 2015 and work together with Citi business mentors to develop their projects. These can range from launching new businesses, growing existing ones or running specific projects that create workplaces. http://www.citigroup.com/citi/news/2015/150107c.htm Sun, 21 Dec 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150108b.htm Europe, Middle East & Africa Bahrain Honors Alumni at Second Annual Citi Alumni Network Event Manama, Bahrain - Citi Bahrain recently held its second-annual Alumni Event at the Ritz Carlton Hotel and Spa. The aim of the annual event is to bring together former employees of Citi Bahrain who have worked in the bank at some point since it began operating in 1969. The event, attended by about 100 former and current employees of the bank, was well received by the guests, some of whom had not seen each other for a long time. http://www.citigroup.com/citi/news/2015/150108b.htm Thu, 18 Dec 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/141218a.htm Citi-Wide Citi Fourth Quarter 2014 Fixed Income Investor Review New York - John Gerspach, Chief Financial Officer, and Eric Aboaf, Treasurer, will conduct the Citigroup fourth quarter 2014 Fixed Income Investor Review at 11 a.m. (ET) on Friday, January 23, 2015. http://www.citigroup.com/citi/news/2014/141218a.htm Thu, 18 Dec 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/141230b.htm Europe, Middle East & Africa AmCham Morocco Hosts First Africa AmChams Network Forum Co-sponsored by Attijariwafa Bank and Citi Casablanca - Attijariwafa Bank (AWB) and Citi co-sponsored the first networking meeting of American Chambers across Africa, which was organized by the American Chamber of Commerce (AmCham) in Morocco. The event occured on the sidelines of the Global Entrepreneurship Summit, which took place in Marrakesh last month, and following a Memorandum of Understanding signed on August 5, 2014, in Washington, D.C., during the Africa Leaders Summit. http://www.citigroup.com/citi/news/2014/141230b.htm Wed, 17 Dec 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/141222a.htm Consumer Banking/Europe, Middle East & Africa Citi and Zurich Sign 15-Year Exclusive Agreement to Distribute Life Insurance in the Middle East Dubai, United Arab Emirates - Citi and global insurer Zurich Insurance Group (Zurich) announced today the signing of an exclusive 15-year strategic agreement to offer Zurich's comprehensive life insurance solutions, as defined in the agreement, to Citi's consumer clients throughout the Middle East. http://www.citigroup.com/citi/news/2014/141222a.htm Mon, 15 Dec 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2015/150102b.htm Consumer Banking/Europe, Middle East & Africa Russia's Middle Class Continues to Spend Actively Ahead of the Holidays Moscow - Citibank has summed up the results of its annual study for credit card spending. The bank's analysts have concluded that the total volume of spending will not decline in 2014 but will actually increase by 5 percent from 2013. In the month of December in particular, spending will rise by 2 percent compared with the final month of the previous year and will average approximately 47,200 rubles per person, an increase of 12 percent, or approximately 5,800 rubles, from the average monthly spend during the course of 2014. The volume of internet purchases will increase 5 percent in December 2014 compared to December 2013 and will amount to approximately 10,000 rubles per person, which represents a 6 percent increase from the average monthly online spend in 2014. Volumes of overall spending on the purchases for the New Year holidays should exceed 95 billion rubles in December 2014. http://www.citigroup.com/citi/news/2015/150102b.htm Mon, 15 Dec 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/141230a.htm Consumer Banking/Latin America The Banker Names Citi Banamex as the Best Private Bank in Mexico Mexico City - Citi Banamex has been chosen as the "best private bank in Mexico" by The Banker magazine, owned by the Financial Times publishing group. http://www.citigroup.com/citi/news/2014/141230a.htm