Citigroup.com News Feed http://www.citigroup.com/ Citigroup.com News Source Fri, 5 Feb 2016 05:05:01 EST en-us Citigroup.com Content Management System Fri, 15 Jan 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160115a.htm Citi-Wide Citigroup Reports Fourth Quarter 2015 Earnings per Share of $1.02; $1.06 Excluding CVA/DVA New York - Citigroup Inc. today reported net income for the fourth quarter 2015 of $3.3 billion, or $1.02 per diluted share, on revenues of $18.5 billion. This compared to net income of $344 million, or $0.06 per diluted share, on revenues of $17.9 billion for the fourth quarter 2014. http://www.citigroup.com/citi/news/2016/160115a.htm Thu, 14 Jan 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160114a.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 $0.05 per share, payable on February 26, 2016 to stockholders of record on February 1, 2016. http://www.citigroup.com/citi/news/2016/160114a.htm Tue, 12 Jan 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160112a.htm Institutional Clients Group JOBS Act Deals Dominate Depositary Receipt Initial Public Offerings in 2015 New York - Initial public offerings (IPOs) filed under the Jumpstart Our Business Startups (JOBS) Act dominated depositary receipt (DR) IPOs in 2015, according to an industry report by Citi. http://www.citigroup.com/citi/news/2016/160112a.htm Mon, 04 Jan 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160104a.htm Citi-Wide Citi Fourth Quarter 2015 Fixed Income Investor Review New York - John Gerspach, Chief Financial Officer, and James von Moltke, Treasurer, will conduct the Citigroup fourth quarter 2015 Fixed Income Investor Review at 11 a.m. (ET) on Thursday, January 21, 2016. The review will be available live via webcast and teleconference. http://www.citigroup.com/citi/news/2016/160104a.htm Sat, 02 Jan 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160102a.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/2016/160102a.htm Fri, 23 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151223b.htm Consumer Banking/Europe, Middle East & Africa Forecasts Show Steady Spending Growth from Russia's Middle Class in 2015 Bogota - Citibank's first Citigold Private Client Center in Colombia is a new and exclusive customer service center for the bank's top clients, offering a wide range of financial services and specialized support targeting their specific needs. http://www.citigroup.com/citi/news/2015/151223b.htm Thu, 22 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151223a.htm Consumer Banking/Latin America Citi Opens Colombia's First Exclusive Customer Service Center for Citigold and Citigold Private Clients Moscow, Russia - The results of Citibank's annual credit card spending study and forecast indicate that spending by Russia's middle class in December 2015 will decline 7 percent compared to December 2014, with the average spend forecasted at 51,300 rubles. Spending in December will rise 19 percent compared to the average monthly spend for the entire year. However, overall credit card spending in the country in 2015 is projected* to grow 8 percent compared to 2014, reaching approximately 103 billion rubles. http://www.citigroup.com/citi/news/2015/151223a.htm Thu, 22 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151222a.htm Citi-Wide Citigroup Announces Expiration and Final Tender Results of Offers to Purchase Specified 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 the series of notes set forth in the first table below (the "Any and All Notes") and the second table below (the "Maximum Tender Notes," and together with the Any and All Notes, the "Notes," and each a "series" of Notes). http://www.citigroup.com/citi/news/2015/151222a.htm Wed, 21 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151221a.htm Consumer Banking/Latin America Grupo Terra Signs Agreement to Acquire Citi's Consumer and Commercial Banking Business and Seguros e Inversiones (SISA) in El Salvador Tegucigalpa - Grupo Terra, a diversified Latin American investment group, has announced an agreement to acquire a majority share of Banco Citibank de El Salvador, S.A. and Citi Tarjetas de El Salvador, S.A. de C.V., as well as of Seguros e Inversiones, S.A. (SISA) and other related companies. The acquisition is subject to regulatory approval by the Salvadoran authorities and does not include the Citibank, N.A. branch in El Salvador. http://www.citigroup.com/citi/news/2015/151221a.htm Sat, 17 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151217b.htm Consumer Banking/North America Citi Retail Services and ExxonMobil Announce Renewal of Consumer and Commercial Credit Card Agreement Atlanta - Citi Retail Services, one of North America's largest and most experienced retail credit solutions providers, and ExxonMobil, the largest publicly traded international oil and gas company, have announced a multi-year agreement to renew their consumer and commercial credit card relationship. http://www.citigroup.com/citi/news/2015/151217b.htm Sat, 17 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151217a.htm Citi-Wide Citi Board Elects Renee James and Ellen Costello to Board of Directors New York - Citi's Board of Directors today announced that it has elected Renee James and Ellen Costello as new independent directors, with service commencing January 15, 2016. Ms. James has served as President of Intel Corporation since May 2013, where she has helped lead the company's move into mobile and cloud-based computing. Ms. Costello most recently served as Chief Executive Officer of BMO Financial Corporation and U.S. Country Head of BMO Financial Group. http://www.citigroup.com/citi/news/2015/151217a.htm Fri, 16 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151216a.htm Citi-Wide Citi Raises Base Rate New York – Citibank, N.A. said today it has raised its base lending rate to 3.50% from 3.25%, effective tomorrow, Thursday, December 17, 2015. http://www.citigroup.com/citi/news/2015/151216a.htm Thu, 15 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151215a.htm Consumer Banking Asia Pacific Citi Announces Top Innovations from Citi Mobile Challenge Asia Pacific Hong Kong / New York - Today Citi announced the top innovations from Citi Mobile Challenge in Asia Pacific. The global initiative invited developers to build solutions based on Citi's digital platform and present concepts at events across Asia Pacific. http://www.citigroup.com/citi/news/2015/151215a.htm Wed, 14 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151218a.htm Latin America Citi Presents São Paulo with a Sculpture by Tomie Ohtake Sao Paulo - Sao Paulo received today the last large public sculpture created by renowned artist Tomie Ohtake. http://www.citigroup.com/citi/news/2015/151218a.htm Sat, 10 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151211a.htm Consumer Banking Europe, Middle East & Africa North America Citi Retail Services Wins Global Award for Most Innovative Application of Technology Atlanta and London - Citi Retail Services, one of North America's largest and most experienced retail credit solutions providers, is a winner in this year's global bba/ifs Financial Innovation Awards for its Digital Evolution program. The program transformed the Citi unit's digital marketing capabilities, empowering its retailer clients to personalize credit marketing throughout the digital shopping journey, better service customers and increase sales. http://www.citigroup.com/citi/news/2015/151211a.htm Thu, 08 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151208b.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 tables below (the "Notes," and each a "series" of Notes). http://www.citigroup.com/citi/news/2015/151208b.htm Thu, 08 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151208a.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 (i) has increased the maximum aggregate principal amounts of the specified series of notes set forth in the second table below (the "Maximum Tender Notes") that it will accept (each, a "Maximum Series Tender Cap") and (ii) intends to accept the aggregate principal amounts of each series of notes (the Maximum Tender Notes, together with the "Any and All Notes" set forth in the first table below, the "Notes") that were validly tendered and not validly withdrawn prior to 5 p.m., New York City time, on December 7, 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 tables 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 December 10, 2015 (the "Early Settlement Date"). http://www.citigroup.com/citi/news/2015/151208a.htm Wed, 07 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151209a.htm Responsible Finance Latin America Dominican Republic Participates in Citi's Meeting of Latin American Microentrepreneurs in Lima, Peru Santo Domingo - Sixteen entrepreneurs from across Latin America met for the third Latin American Meeting of Citi Microentrepreneurship Award Winners in Lima, Peru, the host of this year's event. Milagros Franco Arias, a microentrepreneur from Palmar de Ocoa, Bani, represented the Dominican Republic. http://www.citigroup.com/citi/news/2015/151209a.htm Sat, 03 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151203c.htm Citi-Wide Citigroup CFO John Gerspach to Present at the Goldman Sachs 2015 US Financial Services Conference New York - John Gerspach, Chief Financial Officer of Citigroup, will present at the Goldman Sachs 2015 US Financial Services Conference on Wednesday, December 9, 2015. The presentation is expected to begin at approximately 10:00 AM (Eastern). A live webcast 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/2015/151203c.htm Fri, 02 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151204a.htm Responsible Finance Latin America Citi, Avina and Red de Microfinanzas Announce the Winners of Citi's Award for Microentrepreneur of the Year Asuncion, Paraguay - Citibank, working through the Citi Foundation, in partnership with Avina and with the support of Red de Microfinanzas del Paraguay, held the awards ceremony for the fourth annual Citi Microentrepreneurship Award. http://www.citigroup.com/citi/news/2015/151204a.htm Thu, 01 Dec 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151203a.htm Responsible Finance Latin America Citi Foundation-Commissioned Economist Intelligence Unit Accelerating Pathways Report Assesses Cities' Policies and Conditions for Urban Youth Around the World Miami, Florida - A new Economist Intelligence Unit (EIU) research initiative, commissioned by the Citi Foundation. http://www.citigroup.com/citi/news/2015/151203a.htm Wed, 30 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151203b.htm Responsible Finance Latin America Peru: Entrepreneurs from across Latin America Meet in Lima Lima, November - To mark the 10th year the Citi Microentrepreneurship Award has been offered in Peru, 16 entrepreneurs from across Latin America are participating in the third annual Latin American meeting of the award's winners in Lima. http://www.citigroup.com/citi/news/2015/151203b.htm Sun, 27 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151127c.htm Citi-Wide Citigroup Announces Expiration and Final Tender Results of Offers to Purchase Specified 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 the series of notes set forth in the first table below (the "Any and All Notes") and the second table below (the "Maximum Tender Notes," and together with the Any and All Notes, the "Notes," and each a "series" of Notes). http://www.citigroup.com/citi/news/2015/151127c.htm Wed, 23 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151127a.htm Institutional Clients Group/Latin America Trinidad: Citi Hosts Investor Conference at the Hyatt Port of Spain - Citi hosted its first Investor Conference for Caribbean investors at the Hyatt Regency in Port of Spain. Catalina Herrera, Citi Country Officer, Trinidad Hub and James Ollivierre, Treasury Head, opened the seminar to more than 60 investors. http://www.citigroup.com/citi/news/2015/151127a.htm Wed, 23 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151123a.htm Responsible Finance Accelerating Pathways Research Finds Cities Can Do More to Enable Youth Economic Progress New York - A new Economist Intelligence Unit (EIU) research initiative, commissioned by the Citi Foundation, reveals that youth - while optimistic and entrepreneurial - struggle to find employment, access to technology, pay equity and support networks that can help them thrive in cities around the globe. Accelerating Pathways offers a comparative snapshot of youth perceptions of their economic prospects in 35 cities around the world and identifies which factors contribute most to an enabling economic environment for young people. The research also includes an interactive tool that can be leveraged by policy, business and civic leaders. http://www.citigroup.com/citi/news/2015/151123a.htm Fri, 18 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151202a.htm Europe, Middle East & Africa Citi Bahrain Launches Citiphone Call Center Manama, Bahrain - Under the patronage of HE Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, Citi Bahrain inaugurated the Citiphone call center serving consumer clients in Bahrain and the region. http://www.citigroup.com/citi/news/2015/151202a.htm Fri, 18 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151118a.htm Consumer Banking/North America Citi Wins Two 2015 Gartner "Cool Business" Awards with its Agent-Based Voice Biometrics Authentication Initiative Orlando, Fla. - Citi, the leading global bank, was recognized with two 2015 Gartner Financial Services Cool Business Awards at the Gartner Symposium/ITxpo in Orlando in October. Symposium attendees named Citi's voice biometrics authentication project "Most Promising Digital Business Transformation Initiative" and then selected it from all category winners for "Digital Champion for the Americas." http://www.citigroup.com/citi/news/2015/151118a.htm Thu, 17 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151127b.htm Responsible Finance Latin America Guatemala: 10th Annual Citi Microentrepreneurship Awards Recognize 12 Entrepreneurs from Around the Country Guatemala City - The Citi Microentrepreneurship Award, sponsored by Citi Guatemala and the Citi Foundation and organized in partnership with the Kirzner Entrepreneurship Center. http://www.citigroup.com/citi/news/2015/151127b.htm Thu, 17 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151117a.htm Citi-Wide Citigroup Inc. Announces Cash Tender Offers and Consent Solicitation New York - Citigroup Inc. ("Citigroup") today announced the commencement of its offers to purchase for cash (i) any and all of CitiFinancial Credit Company's (formerly Commercial Credit Company) ("CCC") notes set forth in the first table below, under the heading "Any and All Notes" (the "Any and All Notes"), and (ii) the series of Citigroup's notes set forth in the second table below, under the heading "Maximum Tender Notes," (the "Maximum Tender Notes," together with the Any and All Notes, the "Notes," and each series, a "series of Notes") up to the aggregate principal amount with respect to each series of Maximum Tender Notes as set forth in the second table below (each, a "Maximum Series Tender Cap"). The offers to purchase the Notes are referred to as the "Offers." Concurrently with the Offers, Citigroup announced its solicitation of consents from holders of the Any and All Notes to adopt certain amendments to the indenture governing the Any and All Notes. The solicitation of consents is referred to as the "Solicitation." http://www.citigroup.com/citi/news/2015/151117a.htm Wed, 16 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151116b.htm Citi-Wide Citi Fourth Quarter 2015 Earnings Review New York - Citigroup will issue its fourth quarter results via press release at approximately 8 a.m. (ET) on Friday, January 15, 2016. At 11:30 a.m. (ET), results will be reviewed via live webcast and teleconference. http://www.citigroup.com/citi/news/2015/151116b.htm Wed, 16 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151116a.htm Citi-Wide Citi Announces Closing of OneMain Transaction New York - Citigroup today announced the closing of the previously announced sale of OneMain Financial Holdings, Inc. to Springleaf Holdings (NYSE: LEAF). http://www.citigroup.com/citi/news/2015/151116a.htm Sat, 12 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151112a.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," and each a "series" of Notes). http://www.citigroup.com/citi/news/2015/151112a.htm Fri, 11 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151111a.htm Citi-Wide Citigroup Announces Early Tender Results of Offers to Purchase Specified Series of Outstanding Notes New York - Citigroup Inc. ("Citigroup") announced today the aggregate principal amounts of the notes set forth in the first table below (the "Any and All Notes") and the second table below (the "Maximum Tender Notes") that were validly tendered and not validly withdrawn prior to 5 p.m., New York City time, on November 10, 2015 (the "Early Tender Date") pursuant to its previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers") (the Any and All Notes and the Maximum Tender Notes, collectively, the "Notes" and each a "series" of Notes). 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 on the early settlement date, which is expected to occur on November 16, 2015 (the "Early Settlement Date"). http://www.citigroup.com/citi/news/2015/151111a.htm Wed, 09 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151109a.htm Responsible Finance North America Citi Foundation Announces $20 Million Community Progress Makers Fund to Accelerate Impact through Core Operating Support Grants New York - The Citi Foundation announced today the launch of the Community Progress Makers Fund, a $20 million grant initiative to support nonprofit organizations in the U.S. The Fund will provide unrestricted grant funding to help community organizations lead urban transformation efforts that catalyze economic opportunities for low-income households and communities. Core operating support commitments of up to $500,000 each will be available to organizations working in Chicago, Los Angeles, Miami, New York City, San Francisco Bay Area and Washington, D.C. http://www.citigroup.com/citi/news/2015/151109a.htm Sat, 05 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151105c.htm Latin America Citi Joins Breast Cancer Prevention Month with a Range of In-Company and Outside Activities San Salvador - Citi El Salvador and Citi's Women's Network in El Salvador joined in commemorating breast cancer prevention month to help promote a culture of prevention among their employees and clients via a range of activities designed to raise awareness of the importance of early detection of the disease. http://www.citigroup.com/citi/news/2015/151105c.htm Fri, 04 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151105b.htm Latin America Citi Rewards Client Loyalty with a Super End-of-Year Promotion San Salvador, El Salvador – As part of its constant commitment to its clients, Citi is rewarding their loyalty and business with an end-of-year promotion for its credit card holders, featuring raffles for two BMW cars. http://www.citigroup.com/citi/news/2015/151105b.htm Fri, 04 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151104a.htm Citi-Wide Citigroup Announces Expiration and Final Tender Results of Offers to Purchase Two 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," and each a "series" of Notes). http://www.citigroup.com/citi/news/2015/151104a.htm Thu, 03 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151103a.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," and each a "series" of Notes). http://www.citigroup.com/citi/news/2015/151103a.htm Wed, 02 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151102b.htm Citi-Wide Asia Pacific Citi Completes Sale of its Retail Banking Business in Japan to Sumitomo Mitsui Banking Corporation New York – Citi today announced the completion of the sale of its retail banking business in Japan to Sumitomo Mitsui Banking Corporation on November 1, 2015. The financial terms of the transaction have not been disclosed. http://www.citigroup.com/citi/news/2015/151102b.htm Wed, 02 Nov 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151102a.htm Responsible Finance North America CitiFinancial Advances Youth Financial Literacy through CA$75,000 Partnership with Junior Achievement Toronto, Ontario - CitiFinancial is proud to announce a new partnership with Junior Achievement Canada, the largest provider of youth business education programs in Canada, to help advance youth financial literacy. http://www.citigroup.com/citi/news/2015/151102a.htm Sun, 30 Oct 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2015/151105a.htm Latin America Citi Offers its Clients Solutions Fair 2015 San Salvador - As part of its strategy of offering solutions to its clients, Citi is organizing its fourth "Solutions Fair," the second of its type this year, showcasing alternatives for handling chronic overdue debts, whether personal loans, mortgages or credit card payments. http://www.citigroup.com/citi/news/2015/151105a.htm