Citigroup.com News Feed http://www.citigroup.com/ Citigroup.com News Source Thu, 5 May 2016 10:16:21 EDT en-us Citigroup.com Content Management System Fri, 15 Apr 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160415a.htm Citi-Wide Citigroup Reports First Quarter 2016 Earnings per Share of $1.10 New York - Citigroup Inc. today reported net income for the first quarter 2016 of $3.5 billion, or $1.10 per diluted share, on revenues of $17.6 billion. This compared to net income of $4.8 billion, or $1.51 per diluted share, on revenues of $19.7 billion for the first quarter 2015. http://www.citigroup.com/citi/news/2016/160415a.htm Wed, 13 Apr 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160413a.htm Citi-Wide Citi Statement on 2015 Resolution Plan New York - Citi today issued the following statement regarding the feedback it received from The Federal Reserve Board (Fed) and the Federal Deposit Insurance Corporation (FDIC) on its 2015 Resolution Plan http://www.citigroup.com/citi/news/2016/160413a.htm Thu, 07 Apr 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160407a.htm North America Citi and Curtis Granderson Launch Mets-Themed Citi Perks Sweepstakes Singapore - More overseas workers are getting financially savvy, thanks to the Citi-ASKI Global Overseas Workers Financial Stability Program. This 10-lesson Program, supported by Citi Foundation, equips overseas workers, primarily Filipino domestic helpers, with financial and entrepreneurial knowledge and skills to help them achieve their financial goals, build assets and improve their livelihoods. http://www.citigroup.com/citi/news/2016/160407a.htm Wed, 06 Apr 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160412a.htm Responsible Finance Latin America Colombia: Luisa Constanza G&oacute;mez, Assistant Editor of Portafolio, Wins 2016 Citi Journalistic Excellence Award Bogota, Colombia - Assistant Editor Luisa Constanza Gomez of Colombia's Portafolio has been chosen as the winner of the 2016 Citi Journalistic Excellence Award for her article. http://www.citigroup.com/citi/news/2016/160412a.htm Tue, 05 Apr 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160405a.htm Responsible Finance Asia Pacific Singapore: Over 100 Overseas Workers Complete the Citi-ASKI Financial Stability Program Singapore - More overseas workers are getting financially savvy, thanks to the Citi-ASKI Global Overseas Workers Financial Stability Program. This 10-lesson Program, supported by Citi Foundation, equips overseas workers, primarily Filipino domestic helpers, with financial and entrepreneurial knowledge and skills to help them achieve their financial goals, build assets and improve their livelihoods. http://www.citigroup.com/citi/news/2016/160405a.htm Fri, 01 Apr 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160401a.htm Citi-Wide Citigroup Declares Common and Preferred Stock Dividends 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 May 27, 2016 to stockholders of record on May 2, 2016. http://www.citigroup.com/citi/news/2016/160401a.htm Thu, 31 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160331a.htm Citi-Wide Citigroup Transfers Coinsurance Agreement with Primerica to Swiss Re New York - Citigroup announced today that a subsidiary of Swiss Re Life &amp; Health America Inc. http://www.citigroup.com/citi/news/2016/160331a.htm Tue, 29 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160330a.htm Responsible Finance Latin America Citi Colombia Recognized for Its Commitment to Gender Equality Bogota - The Colombian Congress's House of Representatives has awarded Citibank Colombia the Order of Democracy for its effective commitment to gender equality. The legislature underscored Citi's efforts to develop inclusive corporate policies designed to close the gender gap and promote equitable practices in business and the workplace. http://www.citigroup.com/citi/news/2016/160330a.htm Tue, 22 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160322a.htm Citi-Wide Citi First Quarter 2016 Fixed Income Investor Review New York - John Gerspach, Chief Financial Officer, and James von Moltke, Treasurer, will conduct the Citigroup first quarter 2016 Fixed Income Investor Review at 10 a.m. (ET) on Thursday, April 21, 2016. The review will be available live via webcast and teleconference. http://www.citigroup.com/citi/news/2016/160322a.htm Mon, 21 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160321a.htm North America Proud Sponsor of Progress: Citi Teams Up With Eight U.S. Athletes as Part of its Team USA Sponsorship for Rio 2016 New York and Washington, D.C. - The Citi Foundation and Living Cities today announced the expansion of the $3 million City Accelerator program to help speed the adoption of leading local government innovations to Pittsburgh, St. Paul, San Francisco, and Washington, D.C. Urban leaders in these cities will work together over the next 18 months to explore and adopt new practices and policies to help close funding gaps to fully implement their five-year city infrastructure plans, with particular attention to projects that will have an impact on low-income residents. http://www.citigroup.com/citi/news/2016/160321a.htm Thu, 17 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160317a.htm Responsible Finance North America Citi Foundation and Living Cities Expand City Accelerator Program to Tackle Infrastructure Priorities in Low-Income Communities New York and Washington, D.C. - The Citi Foundation and Living Cities today announced the expansion of the $3 million City Accelerator program to help speed the adoption of leading local government innovations to Pittsburgh, St. Paul, San Francisco, and Washington, D.C. Urban leaders in these cities will work together over the next 18 months to explore and adopt new practices and policies to help close funding gaps to fully implement their five-year city infrastructure plans, with particular attention to projects that will have an impact on low-income residents. http://www.citigroup.com/citi/news/2016/160317a.htm Wed, 16 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160316a.htm Responsible Finance Institutional Clients Group/North America U.S.: Citi Recognized as the Country's Largest Affordable Housing Lender New York - Citi continues its reign as No. 1 in <i>Affordable Housing Finance Magazine</i>'s annual survey of affordable housing lenders. http://www.citigroup.com/citi/news/2016/160316a.htm Wed, 16 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160316b.htm Responsible Finance Latin America City of Rio to Host First C40 Event to Unlock Access to City Financing Rio de Janeiro - Today, C40 Cities Climate Leadership Group (C40) and the City of Rio de Janeiro announced a first-of-its-kind global financing forum to accelerate city climate action. http://www.citigroup.com/citi/news/2016/160316b.htm Tue, 15 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160318a.htm Responsible Finance Latin America Citi Foundation and Living Cities Expand City Accelerator Program to Tackle Infrastructure Priorities in Low-Income Communities San Salvador, El Salvador - Citi El Salvador and Empresarios Juveniles announced the successful culmination of their program. http://www.citigroup.com/citi/news/2016/160318a.htm Mon, 14 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160314a.htm Citi-Wide Citi Announces Winners of Smarter Worklife Challenge New York - Today Citi announced the top innovations from the Smarter Worklife Challenge, an inaugural competition and pitch event inviting leading tech companies to propose digital human resources solutions to enhance Citi's evolving workplace. http://www.citigroup.com/citi/news/2016/160314a.htm Sun, 13 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160316c.htm Responsible Finance Latin America El Salvador: Citi Celebrates Women's Day and Organizes a 5K for Employees to Raise Funds for Plan Internacional Scholarships San Salvador, El Salvador - As part of its global strategy to empower women, Citi marked International Women's Day with a 5K race to benefit the NGO Plan Internacional and its "Por ser niƱa" program, which offers scholarships to low-income girls in El Salvador. http://www.citigroup.com/citi/news/2016/160316c.htm Wed, 2 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160302a.htm Institutional Clients Group Citi Hires Women-Owned Firms to Lead Distribution of $1.5 Billion Bond Issuance New York - Citi today announced that it hired women-owned firms as lead managers of a $1.5 billion bond issuance. http://www.citigroup.com/citi/news/2016/160302a.htm Tue, 1 Mar 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160301a.htm Citi-Wide Citigroup CFO John Gerspach to Present at the RBC Capital Markets 2016 Financial Institutions Conference On Tues, March 8, 2016, John Gerspach, Chief Financial Officer of Citigroup, will present at the RBC Capital Markets 2016 Financial Institutions Conference. http://www.citigroup.com/citi/news/2016/160301a.htm Mon, 29 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160229c.htm Institutional Clients Group/Asia Pacific Citi Supports Landmark Launch of First Global Sharia Funds in Indonesia Hong Kong/Jakarta - The three funds for which Citi Indonesia will perform the role of global custodian and local fund administrator are the BNP Paribas Cakra Syariah USD, Schroder Global Sharia Equity Fund USD and Manulife Saham Syariah Asia Pasifik Dollar AS (MANSYAF). http://www.citigroup.com/citi/news/2016/160229c.htm Mon, 29 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160229b.htm Consumer Banking/North America Citi to Acquire Costco U.S. Co-Brand Card Portfolio New York - Citi today announced it has signed a definitive agreement with American Express to acquire Costco's U.S. co-brand credit card portfolio. The transaction is expected to close in mid-2016 at which time Citi will begin issuing Costco credit cards. Financial terms are not being disclosed. http://www.citigroup.com/citi/news/2016/160229b.htm Mon, 29 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160229a.htm Citi-Wide Consumer Banking/Asia Pacific Citi to Sell Stake in China Guangfa Bank Beijing - Citigroup today announced that it has reached a definitive agreement to sell its 20 percent equity stake in China Guangfa Bank (CGB) to China Life Insurance Company Ltd. The financial terms of the transaction are not material to Citigroup's earnings. http://www.citigroup.com/citi/news/2016/160229a.htm Fri, 26 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160226a.htm Responsible Finance North America U.S.: Citi Foundation Announces $4.8 Million Investment in Summer Jobs Connect to Jumpstart Career Readiness of More than 2,000 Youth Washington, D.C. - Today, as part of the announcement of the Summer Opportunity Project and Champions of Change event at the White House. http://www.citigroup.com/citi/news/2016/160226a.htm Fri, 19 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160219b.htm Citi-Wide Citi First Quarter 2016 Earnings New York - Citigroup will issue its first quarter results via press release at approximately 8 a.m. (ET) on Friday, April 15, 2016. At 11 a.m. (ET), results will be reviewed via live webcast and teleconference. http://www.citigroup.com/citi/news/2016/160219b.htm Fri, 19 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160219a.htm Citi-Wide Consumer Banking/Latin America Citi Announces Intention to Sell Consumer Businesses in Brazil, Argentina and Colombia New York - Citi today announced its intention to sell its Consumer Banking operations in Brazil, Argentina and Colombia. The businesses, which include retail banking and credit card operations, will be transferred from Citicorp into Citi Holdings and will report financial results as part of Citi Holdings, effective first quarter 2016. Citi will maintain a strong presence in Brazil, Argentina and Colombia in order to continue serving its many corporate and institutional clients in these markets. http://www.citigroup.com/citi/news/2016/160219a.htm Wed, 17 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160217a.htm Consumer Banking/North America U.S.: TBC Corporation and Citi Retail Services Renew Long-Term Credit Card Agreement Palm Beach Gardens, Florida, and Atlanta, Georgia - TBC Corporation and Citi Retail Services today announced a long-term agreement to renew their consumer credit card relationship. http://www.citigroup.com/citi/news/2016/160217a.htm Fri, 12 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160212b.htm Consumer Banking/North America Citi Retail Services' Leslie McNamara Named to PaymentsSource's 2016 List of the Most Influential Women in Payments New York - PaymentsSource this week named Citi Retail Services' Leslie McNamara, managing director and executive vice president of Partner Management, one of the Most Influential Women in Payments for 2016. http://www.citigroup.com/citi/news/2016/160212b.htm Wed, 10 Feb 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 Wed, 03 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160212a.htm Consumer Banking/North America Citi Retail Services Wins Global Innovation Award Philadelphia and Atlanta - Citi Retail Services, one of North America's largest and most experienced retail credit solutions providers, is a winner in the 2016 BIG Innovation Awards, which recognize organizations driving change and creating what's next. The winning project, Entity Linkage Framework, is an industry-leading technological innovation that provides a comprehensive, unified view of customers and, in doing so, improves the customer experience, mitigates fraud/credit abuse and improves operating efficiency. http://www.citigroup.com/citi/news/2016/160212a.htm Tue, 02 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160203a.htm Consumer Banking/Latin America Citi Guatemala Holds Solutions Fair for Credit Card Clients Guatemala City - As part of its commitment to contribute to its clients' financial well-being, Citi Guatemala held its third annual Solutions Fair, offering its credit card and personal loan clients who are more than 30 days behind on their payments solutions for meeting their debt obligations. http://www.citigroup.com/citi/news/2016/160203a.htm Tue, 02 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160202a.htm Institutional Clients Group North America Energy Pressures Set to Drive Canadian Dealmaking in 2016 Toronto - A new study by Citi shows that Canadian M&A activity is expected to accelerate in 2016, as low energy prices attract buyers to the market. The appetite for deals is broadly projected to rise: 70 percent of respondents predict a higher level of M&A activity in the next 12 months, with 20 percent expecting a significant increase. http://www.citigroup.com/citi/news/2016/160202a.htm Mon, 01 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160210a.htm Responsible Finance Europe, Middle East & Africa Russia: Citi Foundation, RMC and NAUMIR Honor Best Entrepreneurs and Microfinance Institutions The awards ceremony of the 11th annual Citi Foundation Russian Microentrepreneurship Awards has been held at the Congress Center of the Chamber of Commerce and Industry of the Russian Federation. http://www.citigroup.com/citi/news/2016/160210a.htm Mon, 01 Feb 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160203b.htm Responsible Finance Asia Pacific India: Citi Foundation Grants INR130 Million to Advance Financial Inclusion for more than 300,000 Women and Youth Mumbai - The Citi Foundation today announced an investment of INR 130 million (US$2 million) under the 2015 India Innovation Grant Program to support eight innovative programs that will accelerate and deepen financial inclusion in India. http://www.citigroup.com/citi/news/2016/160203b.htm Thu, 28 Jan 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160202b.htm Institutional Clients Group Europe, Middle East & Africa Citi Wins Top Honors at IFR and Risk Awards London - Citi was recognized with a series of global and regional awards by International Financing Review (IFR), Thomson Reuters' leading financial industry publication, and Risk Magazine, the highly respected financial risk management and derivatives publication. http://www.citigroup.com/citi/news/2016/160202b.htm Thu, 28 Jan 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160128a.htm Citi-Wide Institutional Clients Group Citigroup Global Head of Treasury and Trade Solutions Naveed Sultan to Present at the 2016 Credit Suisse Financial Services Forum New York - Naveed Sultan, Citi's Global Head of Treasury and Trade Solutions, will present at the 2016 Credit Suisse Financial Services Forum on Tuesday, February 9, 2016. http://www.citigroup.com/citi/news/2016/160128a.htm Wed, 27 Jan 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160127a.htm Consumer Banking North America Citi U.S. Small Business Lending Surpasses $10 Billion in 2015 New York - Citi announced today that it lent more than $10 billion to U.S. small businesses in 2015. Over the past five years, Citi has lent small businesses in the U.S. a total of $46 billion. Citi's pace of small business lending in 2015 ($10.0 billion) surpassed that of 2009 ($4.5 billion) by more than 120 percent. http://www.citigroup.com/citi/news/2016/160127a.htm Wed, 20 Jan 2016 00:00:01 GMT http://www.citigroup.com/citi/news/2016/160120a.htm Responsible Finance North America New Menino Survey of Mayors Reveals Top Priorities for Cities Across the Country Washington, D.C. - The U.S. Conference of Mayors in partnership with The Boston University Initiative on Cities, with the support of Citi, today released the 2015 Menino Survey of Mayors, which details the most pressing needs and policy priorities of mayors in cities across the country. America's mayors are on the front lines of promoting prosperous and safe communities, with aging urban infrastructure, policing, municipal finance, and their relationships with constituents, other cities and higher levels of government as top concerns. The Menino Survey of Mayors, the only nationally representative survey of American mayors, sheds light on these areas and more. http://www.citigroup.com/citi/news/2016/160120a.htm 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