Citigroup.com News Feed http://www.citigroup.com/ Citigroup.com News Source Wed, 23 Apr 2014 01:53:37 EDT en-us Citigroup.com Content Management System Mon, 14 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140414a.htm Citi-Wide yes Citigroup Reports First Quarter 2014 Earnings per Share of $1.23; $1.30 Excluding CVA/DVA and Tax Item New York - Citigroup Inc. today reported net income for the first quarter 2014 of $3.9 billion, or $1.23 per diluted share, on revenues of $20.1 billion. This compared to net income of $3.8 billion, or $1.23 per diluted share, on revenues of $20.2 billion for the first quarter 2013. http://www.citigroup.com/citi/news/2014/140414a.htm Fri, 11 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140411a.htm Consumer Banking North America Citi® Presents Special John Legend Concert Exclusively for Citi ThankYou® Cardmembers at the Emerson Theatre in Los Angeles Benefiting Teach For America New York - Citi today announced it will present a special performance by John Legend, exclusively for Citi ThankYou cardmembers, at the Emerson Theatre in Los Angeles on April 21 with proceeds going to Teach For America. This concert furthers John Legend's relationship with Citi, who partnered with the award-winning artist previously on his 'All Of Me' Tour and for part of Citi's Evenings With Legends in New York City this past January. http://www.citigroup.com/citi/news/2014/140411a.htm Thu, 10 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140411b.htm Consumer Banking Asia Pacific Citibank Launches Two International Credit Card Solutions in India Mumbai - Citibank, the largest issuer of credit cards among foreign banks in India, today announced it is further expanding its card portfolio with the launch of two lifestyle products, Citi Prestige and Citi Ultima Infinite, to cater to the discerning needs of the global Indian. These launches further strengthen the bank’s market leadership in spends per card. http://www.citigroup.com/citi/news/2014/140411b.htm Thu, 10 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140410a.htm Consumer Banking North America U.S.: Citi® and American Airlines Celebrate Exclusive Admirals Club® Lounge Relationship New York and Fort Worth, Texas - The Citi® Executive® / AAdvantage® World Elite MasterCard® is now the only credit card that comes with American Airlines Admirals Club® membership to nearly 40 clubs in major airports worldwide, and now includes access to all 18 US Airways Clubs. In celebration of this exclusive relationship, during the month of April, Citi will offer complimentary One-Day Passes to any domestic U.S.-based Admirals Club lounge or US Airways Club to travelers whose credit cards no longer provide complimentary access. http://www.citigroup.com/citi/news/2014/140410a.htm Wed, 09 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140409b.htm Responsible Finance North America U.S. Homeowners to Benefit from Groundbreaking Home Energy Loan Financing Platform San Francisco, CA - Homeowners across the United States will benefit from an innovative public-private partnership announced today to make it easier to find lower-cost loans for home energy efficiency improvements. Leading institutions from the public and private sectors today announced the formation of a national financing platform that will for the first time bring low-cost, large-scale capital to government and utility-sponsored residential energy efficiency loan programs - which can be utilized by homeowners in states that participate. http://www.citigroup.com/citi/news/2014/140409b.htm Wed, 09 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140409a.htm Consumer Banking North America Citi Celebrates "Teach Children To Save Day" as Hundreds of Employees Across the U.S. Volunteer to Promote Financial Literacy New York - More than 500 Citi Consumer Banking employees across the United States will volunteer in classrooms, after-school programs and Citibank branches over the next several weeks as part of Citi's Teach Children to Save campaign and in support of the American Bankers Association's "Teach Children to Save Day" on April 11, 2014. The initiatives are designed to teach children in grades K - 12 about the importance of saving for the future and healthy money habits, such as understanding needs versus wants and spending money wisely. In the 14 years Citi Community Development has supported Teach Children to Save Day, Citi employees have reached 105,000 students. http://www.citigroup.com/citi/news/2014/140409a.htm Tue, 08 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140408a.htm Institutional Clients Group/Asia Pacific Citi Tops Global Investor/ISF 2014 Transition Management Survey Hong Kong - Citi was ranked No. 1 overall (weighted) and No. 1 in Asia Pacific in the recent Global Investor/ISF Transition Management survey. Citi achieved the highest average score and highest total score across the Americas, EMEA and Asia/Pacific. Citi also achieved the top score (raw) from asset management respondents and transitions over $1billion. http://www.citigroup.com/citi/news/2014/140408a.htm Mon, 07 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140407b.htm Citi-Wide Citigroup Announces Agreement to Resolve Certain Private-Label Securitization Repurchase Claims New York - Citigroup today announced that it has reached an agreement with 18 institutional investors, represented by Gibbs & Bruns LLP, regarding the resolution of certain legacy Securities and Banking private-label securitization representation and warranty repurchase claims. Under the agreement, Citigroup will make a binding offer to the trustees of 68 Citi-sponsored mortgage securitization trusts to pay $1.125 billion to the trusts, plus certain fees and expenses, for which Citi has taken an additional charge of approximately $100 million in the first quarter of 2014. The 68 trusts covered by the agreement issued in the aggregate $59.4 billion of residential mortgage-backed securities and represent all of the trusts established by Citi's legacy Securities and Banking business during 2005-2008 for which Citi affiliates made representations and warranties to the trusts. The agreement, if accepted by the trustees, would release Citi's obligation to repurchase mortgage loans sold into the trusts, or make the trusts whole, for outstanding or potential claims for breaches of representations and warranties on the loans. http://www.citigroup.com/citi/news/2014/140407b.htm Wed, 02 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140402b.htm Responsible Finance North America Citi Earns 2014 Community Reinvestment Award for Innovative College Savings Program New York - Citi has received a 2014 Community Reinvestment Award from regulators at the National Interagency Community Reinvestment Conference in Chicago for excellence in cross-sector community development collaboration. The award recognizes the leadership role played by Citi Community Development in the "Child Support for College" program, a first-in-the-nation pilot program in Texas that allows custodial parents to convert child support payments into college savings accounts that pay for their child's future education. http://www.citigroup.com/citi/news/2014/140402b.htm Wed, 02 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140402a.htm Responsible Finance North America NYC's Tech Ecosystem Generates 541,000 Jobs, $125 Billion in Annual Spending and $5.6 Billion in Tax Revenues New York - The New York City tech ecosystem generates more than half a million jobs, $50 billion in annual compensation, nearly $125 billion in annual output and $ 5.6 billion in tax revenues, a new study released today finds. The study, "The New York City Tech Ecosystem," conducted by HR&A Advisors and commissioned by the Association for a Better New York, Citi, Google and NY Tech Meetup, aims to understand the comprehensive size and economic and fiscal impact of all New York City tech jobs, and reframes how tech is defined by going beyond the traditional tech and start-up sector. http://www.citigroup.com/citi/news/2014/140402a.htm Tue, 01 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140401b.htm Responsible Finance North America Citi Announces Citi ThankYou® Home Runs for Communities Program for the 2014 New York Mets Season, Supporting Four New York Community Partners New York - Citi announced today it will launch the Citi ThankYou® Home Runs for Communities Program at Citi Field during the New York Mets' 2014 season. Through the program, Citi will donate $2,000 to one of four tri-state area community partners when a Mets player hits a home run at Citi Field during 2014 regular season games. The designated organizations are City Harvest, United Neighborhood Houses, USO of Metropolitan New York and the YMCA of Greater New York. The Citi ThankYou® Home Runs for Communities Program began yesterday (March 31) during the Mets' Opening Day game and will operate through the last regular season home game (September 28) at Citi Field. http://www.citigroup.com/citi/news/2014/140401b.htm Tue, 01 Apr 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140401a.htm Citi-Wide Citigroup Declares Preferred Dividends New York - The Board of Directors of Citigroup Inc. today declared dividends on Citigroup's preferred stock as follows: http://www.citigroup.com/citi/news/2014/140401a.htm Mon, 31 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140404a.htm Consumer Banking/Latin America Guatemala: Citi Benefits - More Promotions, More Discounts, More Digital Features Guatemala City, Guatemala - As part of Citi's constant efforts to better serve its clients in innovative ways, the Citi Benefits Program provides Guatemalan cardholders with benefits, discounts and promotions in a range of business categories via the new "CITI GUATEMALA" app, named best mobile app of 2014 for Latin American consumers at the 14th annual Latin American Digital Awards. http://www.citigroup.com/citi/news/2014/140404a.htm Mon, 31 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140402c.htm Consumer Banking/Latin America Citi Organizes III Citigold Polo Tournament in Costa Rica San José - Citi, via its preferred segment brand, Citigold, sponsored the III Citigold Polo Tournament, the most important event for that sport in Costa Rica. Polo is an exclusive sport played around the world but few countries offer tournaments at the competitive level. It has been practiced for several decades in Costa Rica, with a number of different tournaments offered every year. The III Citigold Polo Tournament was held in Ciudad Hacienda, Los Reyes starting at 11 a.m. and featured the country's top players. http://www.citigroup.com/citi/news/2014/140402c.htm Mon, 31 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140331a.htm Responsible Finance North America The Citi Foundation Launches Pathways to Progress to Improve Career Readiness for 100,000 Youth New York - The Citi Foundation <http://www.citigroup.com/citi/foundation/> today announced Pathways to Progress, a three-year $50 million initiative to unlock economic opportunity for 100,000 low-income youth in 10 cities across the United States. Pathways to Progress is the largest single commitment ever made by the Citi Foundation, and through the initiative, the Citi Foundation will work with community partners, government officials and Citi volunteers to help young people ages 16-24 develop the workplace skills and leadership experience they will need to secure jobs and begin developing career paths. The Citi Foundation funded and developed Pathways to Progress over the last year, working with input from leading nonprofit partners. The program is focused on fostering career readiness through civic engagement, summer employment, and entrepreneurship training. http://www.citigroup.com/citi/news/2014/140331a.htm Thu, 27 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140407a.htm Responsible Finance Europe, Middle East & Africa Citi Announces the Winners of the 2014 upStart Awards Belfast and Dublin - Citi announced the winning team of the 2014 upStart Awards held at Riddel Hall, Queen's University, Belfast. The winning team is Occuriso from Queen's University Belfast, which won with an innovative video-text-messaging product. http://www.citigroup.com/citi/news/2014/140407a.htm Thu, 27 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140327b.htm Citi-Wide Citigroup Announces $2 Billion Redemption of Trust Preferred Securities New York - Citigroup Inc. is announcing the redemption, in whole, of the following three series of its trust preferred securities: http://www.citigroup.com/citi/news/2014/140327b.htm Wed, 26 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140326b.htm Citi-Wide Citi Statement on 2014 CCAR Results New York - The Federal Reserve Board (Fed) today announced that it objected to the capital plan submitted by Citi as part of the 2014 Comprehensive Capital Analysis and Review (CCAR). The capital actions requested by Citi included a $6.4 billion common stock repurchase program through the first quarter of 2015 and an increase of Citi's quarterly common stock dividend to $0.05. http://www.citigroup.com/citi/news/2014/140326b.htm Wed, 26 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140326a.htm Responsible Finance North America U.S.: Citi Launches 'Women in IT' Program in St. Johns County Schools Jacksonville, Fla. - To inspire more middle and high school girls to consider careers in technology, financial services company Citigroup launched a career education program this month in 14 St. Johns County schools. http://www.citigroup.com/citi/news/2014/140326a.htm Tue, 25 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140325a.htm Consumer Banking Citi Names Heather Cox as Chief Client Experience, Digital and Marketing Officer for Global Consumer Banking New York - Citi announced today that Heather Cox has been named Chief Client Experience, Digital and Marketing Officer for Global Consumer Banking. In this position, Cox will be responsible for developing and implementing the vision, strategy and execution of a common client experience, driving global customer satisfaction efforts and leading Digital, Marketing and Decision Management across Global Consumer Banking. She will report to Global Consumer Banking CEO Manuel Medina-Mora. http://www.citigroup.com/citi/news/2014/140325a.htm Mon, 24 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140324b.htm Responsible Finance Institutional Clients Group Citi Underwrites Auto Industry's First-Ever Asset-Backed Green Bond for Toyota Financial Services New York - Citi today announced that it has successfully closed Toyota Financial Services' (TFS) inaugural asset-backed green bond issuance. The $1.75 billion offering, which was upsized from $1.25 billion due to strong investor demand, represents a landmark transaction as the first green bond from an auto finance company in the asset-backed securities (ABS) market. http://www.citigroup.com/citi/news/2014/140324b.htm Mon, 24 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140324a.htm Responsible Finance OPIC Board of Directors Approves Risk-Sharing Frameworks with Citi Washington, D.C. - In a quarterly meeting March 20, the Overseas Private Investment Corporation's (OPIC) Board of Directors approved two framework agreements that will align OPIC with Citi, the leading global bank, in sharing credit risk for development financing in overseas projects. The global risk-sharing frameworks cover both commercial lending and a new inclusive finance facility. http://www.citigroup.com/citi/news/2014/140324a.htm Sun, 23 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140327a.htm Institutional Clients Group/Europe, Middle East & Africa Consumer Banking EMEA Finance Names Citi Best Foreign Bank in Bahrain New York - The Federal Reserve Board (Fed) today announced that it objected to the capital plan submitted by Citi as part of the 2014 Comprehensive Capital Analysis and Review (CCAR). The capital actions requested by Citi included a $6.4 billion common stock repurchase program through the first quarter of 2015 and an increase of Citi's quarterly common stock dividend to $0.05. http://www.citigroup.com/citi/news/2014/140327a.htm Thu, 20 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140320a.htm Citi-Wide Citi Releases Certain Disclosures Required by the Federal Reserve Board's Annual Supervisory Stress Tests New York - Citi today released certain disclosures required by the rules of the Federal Reserve Board and the Office of the Comptroller of the Currency in connection with the 2014 annual supervisory stress tests. This information may be found on Citi's web site at www.citigroup.com/citi/investor. http://www.citigroup.com/citi/news/2014/140320a.htm Tue, 18 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140318a.htm Institutional Clients Group/Europe, Middle East & Africa EMEA Finance Names Citi "Best Foreign Bank" and "Best Foreign Investment Bank" in Jordan Amman, Jordan - EMEA Finance Magazine named Citi "Best Foreign Investment Bank" and "Best Foreign Bank" in Jordan as part of the magazine's Middle East Banking Awards 2013. The awards were recently announced at a regional ceremony held at Jumeirah Emirates Towers in Dubai. http://www.citigroup.com/citi/news/2014/140318a.htm Mon, 17 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140317b.htm Citi-Wide Citi First Quarter 2014 Fixed Income Investor Review New York - John Gerspach, Chief Financial Officer, and Eric Aboaf, Treasurer, will conduct the Citigroup first quarter 2014 Fixed Income Investor Review at 10 a.m. (ET) on Thursday, April 17, 2014. The review will be available live via webcast and teleconference. http://www.citigroup.com/citi/news/2014/140317b.htm Mon, 17 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140317a.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/2014/140317a.htm Fri, 14 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140318b.htm Responsible Finance Citi Supports Global Money Week and Financial Literacy Day in Nigeria New York - John Gerspach, Chief Financial Officer, and Eric Aboaf, Treasurer, will conduct the Citigroup first quarter 2014 Fixed Income Investor Review at 10 a.m. (ET) on Thursday, April 17, 2014. The review will be available live via webcast and teleconference. http://www.citigroup.com/citi/news/2014/140318b.htm Fri, 14 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140314c.htm Citi-Wide Citi First Quarter 2014 Earnings Review New York - Citigroup will issue its first quarter results via press release at approximately 8 a.m. (ET) on Monday, April 14, 2014. At 11 a.m. (ET), results will be reviewed via live webcast and teleconference. http://www.citigroup.com/citi/news/2014/140314c.htm Fri, 14 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140314a.htm Responsible Finance North America Citi Foundation and Living Cities Launch City Accelerator Program to Drive Innovation and Collaboration in U.S. Cities New York and Washington, D.C. - The Citi Foundation and Living Cities today announced the launch of the City Accelerator, a new $3 million program to foster innovation and promote collaboration between urban leaders to tackle some of their cities' most pressing challenges. The City Accelerator will allow selected U.S. cities to pilot innovative efforts that generate economic opportunities for low-income populations and help municipalities run more effectively. Participating cities will also benefit from ongoing interaction with leading practitioners from around the country and share lessons learned to advance progress. http://www.citigroup.com/citi/news/2014/140314a.htm Wed, 12 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140312a.htm Institutional Clients Group Consumer Banking Asia Pacific Citi Named Best Bank in Asia by The Asset Magazine Citi was named Best Bank in Asia by The Asset Magazine at the annual Triple-A 2013 regional banking awards. This was the 15th year in a row Citi has won the Best Bank in Asia award from the magazine. Citi also picked up the Best Loan House in Asia award. The awards are selected by the editorial team at The Asset Magazine. http://www.citigroup.com/citi/news/2014/140312a.htm Wed, 12 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140312b.htm Institutional Clients Group Consumer Banking Asia Pacific Citi Officially Opens in China (Shanghai) Pilot Free Trade Zone Shanghai - Citibank (China) Co., Ltd. ("Citi China") today announced the official opening of its new sub-branch in China (Shanghai) Pilot Free Trade Zone ("FTZ"), Citibank (China) Co., Ltd. Shanghai Free Trade Zone sub-branch ("Citi China FTZ Sub-branch"). http://www.citigroup.com/citi/news/2014/140312b.htm Tue, 11 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140311a.htm Institutional Clients Group CitiDirect BE Ranked #1 in Greenwich Associates' Online Services Benchmarking Study New York - CitiDirect BE<sup>SM</sup>, Citi's institutional e-banking platform, has again been ranked number one in Greenwich Associates' Online Services Benchmarking study. This is the eighth consecutive year that Citi has received this distinction in the study, which assesses "Best of Breed" features and functionality in the online and other electronic (e.g., file-based) channels that differentiate treasury and cash management providers globally. http://www.citigroup.com/citi/news/2014/140311a.htm Mon, 10 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140313a.htm Consumer Banking Latin America Latin America: Citi Mobile Collect Is Recognized as a Winner of the 2014 Bank Innovation Award in the Bank Innovation 2014 Forum Miami, Florida - Citi Latin America was named winner of the 2014 Bank Innovation Award in the 2014 Bank Innovation conference on March 4 in Seattle, Washington, for its Citi ® Mobile Collect solution. These awards recognize financial service companies that went beyond the obvious to produce great financial results or innovations, either in product, method, message or means. http://www.citigroup.com/citi/news/2014/140313a.htm Mon, 10 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140310a.htm Responsible Finance North America U.S.: Citi Small-Business Lending Reaches $9.2 Billion in 2013, Surpasses $24 Billion Three-Year Commitment by $2.7 Billion New York - Citi announced today that it lent $9.1 billion to U.S. small businesses in 2013. That raises its three-year tally to $26.6 billion, surpassing the $24 billion commitment 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's lending to small businesses in 2013 was up more than 100 percent from 2009 when Citi loaned $4.5 billion. Citi pledged lending of $7 billion in 2011, $8 billion in 2012 and $9 billion in 2013. Citi surpassed its goals every year, lending small businesses $7.9 billion in 2011, $9.6 billion in 2012 and $9.1 billion in 2013. http://www.citigroup.com/citi/news/2014/140310a.htm Fri, 07 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140313b.htm Responsible Finance Latin America Peru: Citi Foundation Project Benefits 50,000 Rural Women Microentrepreneurs Lima - The Citi Foundation, via Citibank Peru, has partnered with the Consortium of Private Organizations Promoting Small and Microenterprise (COPEME) in a financial inclusion project that uses mobile, WAP and web technology to evaluate and approve loans for small and micro entrepreneurs in rural areas. Thanks to the initiative, a total of 101,284 women in agricultural zones have received service via the Experto Rural app. http://www.citigroup.com/citi/news/2014/140313b.htm Fri, 07 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140307a.htm Responsible Finance Citi Announces Increased Support for Vital Voices Global Partnership, Celebrates International Women's Day Across the Globe New York - Citi today announced plans to celebrate 2014 International Women's Day with clients, communities and employees at over 230 events in 89 countries around the world focused on connecting women in ways that inspire change to foster progress, both personally and professionally. In addition, Citi and Vital Voices announced a $250,000 grant from the Citi Foundation to expand its signature economic development program that provides tailored support to high-potential, growth-oriented women business owners in Africa, Latin America and the Middle East through direct training, one-on-one support, and access to new networks. Citi participates in International Women's Day annually as a way to honor the achievements and progress women have made around the world, while acknowledging the various challenges women still face. http://www.citigroup.com/citi/news/2014/140307a.htm Wed, 05 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140307b.htm Consumer Banking/Europe, Middle East & Africa Czech Republic: Citibank Offers a New Credit Card in Cooperation with MALL.CZ Prague - On March 4, 2014, Citibank issued a new credit card in cooperation with MALL.CZ, one of the largest internet shopping galleries in the Czech Republic, thus expanding its credit card portfolio, which is the broadest on the Czech market. One of the principal benefits of the Citi MALL.CZ contactless credit card designed specifically for the customers is the convenience of applying for the card online through the MALL.CZ website. In addition, the cardholders may spread out their purchases on MALL.CZ in installments without a surcharge as well as gaining 2 percent of the value of the purchase for every transaction with the card up to a total of CZK 1,000 per month. http://www.citigroup.com/citi/news/2014/140307b.htm Wed, 05 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140305a.htm Responsible Finance North America Citi Receives U.S. President's Volunteer Service Award New York - Following its quarterly Board of Directors meeting, Junior Achievement USA® (JA) today presented Citi with the U.S. President's Volunteer Service Award for its commitment to encouraging community service and its support to the organization, which includes more than 15,000 volunteer hours in 2013. This marks the seventh consecutive year that Citi has received the President's Volunteer Service Award, and it is one of 39 JA corporate partners to be honored this year. As a Gold-level recipient, Citi received the highest possible recognition. http://www.citigroup.com/citi/news/2014/140305a.htm Mon, 03 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140304a.htm Consumer Banking/Asia Pacific Citibank and AIA Launch Landmark Bancassurance Partnership in Hong Kong Hong Kong - Citibank Hong Kong ("Citibank") and AIA Hong Kong ("AIA") today announced that the new bancassurance partnership will commence on March 4, one of the first implementations among the 11 markets in the Asia-Pacific region covered by the exclusive, long-term agreement. Citibank clients in Hong Kong will have access to a wide range of AIA's insurance solutions via Citibank's extensive retail network in Hong Kong and other distribution channels such as telemarketing and online at a later stage. http://www.citigroup.com/citi/news/2014/140304a.htm Mon, 03 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140314b.htm Responsible Finance Europe, Middle East & Africa Citi Handlowy Supports Return of 19th-Century Art to National Museum in Warsaw Warsaw - On Monday, March 3, 2014, the National Museum in Warsaw received drawings and lithographs by outstanding 19th-century Polish artists. Forty-two works, lost during World War II, have been recovered by the Ministry of Foreign Affairs with the support of the Kronenberg Foundation at Citi Handlowy. The ceremonial hand-over was conducted by representatives of both institutions at the Ministry of Foreign Affairs headquarters. http://www.citigroup.com/citi/news/2014/140314b.htm Mon, 03 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140303b.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/2014/140303b.htm Mon, 03 Mar 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140303a.htm Citi-Wide Citigroup Announces Upsizing of Offers to Purchase Specified Series of Outstanding Notes New York - Citigroup Inc. ("Citigroup") announced today, that it has increased the maximum aggregate principal amount of specified series of notes (the "Notes") that it will accept (each, a "Maximum Series Tender Cap") in its previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers"), as set forth in the table below. http://www.citigroup.com/citi/news/2014/140303a.htm Fri, 28 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140228b.htm Citi-Wide Citigroup Adjusts Fourth Quarter and Full Year 2013 Financial Results New York - Citi announced today that it is adjusting downward its fourth quarter and full year 2013 financial results, from those reported on January 16, 2014, by an estimated $235 million after-tax ($360 million pre-tax) as a result of a fraud that was recently discovered in its subsidiary in Mexico. The financial impact will lower Citi's 2013 net income from $13.9 billion to $13.7 billion. Citi's 2013 Annual Report on Form 10-K, to be filed with the U.S. Securities and Exchange Commission on March 3, 2014, will reflect these adjustments. Citi also intends to release a revised Fourth Quarter of 2013 Quarterly Financial Data Supplement reflecting these adjustments. http://www.citigroup.com/citi/news/2014/140228b.htm Thu, 27 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140321a.htm Consumer Banking Latin America Citi Presents New Citi Multipremios Platinum with New Benefits for Cardholders El Salvador - Citi El Salvador announced today the launch of the Citi MultiPremios Platinum credit card as part of its commitment to innovation and value-added services adapted to its clients' lifestyle. http://www.citigroup.com/citi/news/2014/140321a.htm Thu, 27 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140228a.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 35th Annual Raymond James Institutional Investors Conference on Monday, March 3, 2014. The presentation is expected to begin at approximately 2:15 p.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/2014/140228a.htm Wed, 26 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140304b.htm Consumer Banking/Europe, Middle East & Africa Citi Survey Reveals Czech Spring Break Holiday Spending in 2014 Prague - A Citi survey showed that 53 percent of Czech parents will take advantage of the one-week spring breaks that have already started at Czech schools to take a vacation from work. Most of those polled (83 percent) will spend their vacation in the Czech Republic. More than 60 percent of parents will go to the mountains with ther children, either in the Czech Republic or abroad, in February or March. Warm weather and the sea attract a smaller number of families (7.5 percent); trips are more expensive because of the CZK/EUR rate, and fewer families can afford them. http://www.citigroup.com/citi/news/2014/140304b.htm Wed, 26 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140226b.htm Consumer Banking/Latin America Guatemala: Citicards Presents Citi Multipremios Platinum with New Restaurant and Entertainment Benefits Guatemala - Citi Guatemala announced the re-launch of the Citi MultiPremios Platinum chip credit card as part of its commitment to innovation and value-added services adapted to its clients' lifestyle. http://www.citigroup.com/citi/news/2014/140226b.htm Wed, 26 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140226a.htm Consumer Banking/Asia Pacific Malaysia: Transitioning to Growth - Citi's Investment Chant for 2014 Kuala Lumpur - Investors are advised to keep their strategy simple and straight forward as they navigate through the New Year. While 2014 is about growth [especially U.S. growth] and improvement of the global economic environment; the performance of financial markets will remain volatile as it adjusts to growth and normalization. http://www.citigroup.com/citi/news/2014/140226a.htm Tue, 25 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140226c.htm Responsible Finance Citi Uruguay Helps Inaugurate Liceo Providencia Montevideo - Citi Uruguay representatives participated in the inauguration of Liceo Providencia, a private junior high school in the Casabó district of Montevideo, alongside officials from the school, representatives of the Ministry of Education and Culture, the U.S. Ambassador, executives from participating companies, students and teachers. http://www.citigroup.com/citi/news/2014/140226c.htm Mon, 24 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140310b.htm Responsible Finance Europe, Middle East & Africa Citi Foundation and Centre Mohammed VI de Soutien à la Microfinance Solidaire Honor Women Micro-entrepreneurs in Morocco Casablanca - The Citi Foundation recently participated in the second edition of the National Awards for Micro-entrepreneurship organized by Centre Mohammed VI de Soutien à la Microfinance Solidaire and Fédération Nationale des Associations de Microcrédit (FNAM), along government representatives, microfinance stakeholders and key industry partners, both private and public. http://www.citigroup.com/citi/news/2014/140310b.htm Mon, 24 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140224a.htm Consumer Banking/Asia Pacific Citi Teams Up with PTAA to Bring Best Deals to Filipinos via Travel Expo Manila - Some of the biggest names in the local and international travel industry gathered at the Philippine Travel Agencies Association or PTAA Travel Tour Expo to bring the best travel deals to Filipinos. Citi was one of the major sponsors, affirming its position as travelers' preferred credit card, ensuring they get the most travel rewards simply by using their Citi plastic currency. http://www.citigroup.com/citi/news/2014/140224a.htm Fri, 21 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140225a.htm Institutional Clients Group/Asia Pacific Citi Pilots RMB Cross-Border Treasury Center Solution in Shanghai Free Trade Zone Hong Kong - Citi today announced that it will be piloting the first renminbi (RMB) cross-border treasury center solution in the Shanghai Free Trade Zone (SFTZ). This pioneering solution for Roche follows the launch of Citi's automated RMB cross-border pooling structure in the SFTZ with the company, one of the world's leading healthcare companies. http://www.citigroup.com/citi/news/2014/140225a.htm Fri, 21 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140221a.htm Citi-Wide Citigroup Statement on Basel III Advanced Approach Reporting New York -The Federal Reserve Board has announced that Citi has been approved to exit parallel Basel III reporting for U.S. regulatory capital purposes and transition from the general risk-based capital rules (Basel I) to Basel III "advanced approaches," effective for the second quarter of 2014. One of the stipulations for this approval is that Citi will be required to increase its estimated risk-weighted assets (RWA) associated with operational risk to $288 billion from the $232 billion reported as of December 31, 2013, given the overall operating environment for the banking industry. The estimated pro forma impact of the higher operational risk RWA to Citi's estimated Basel III Tier 1 Common Capital ratio as of December 31, 2013 results in a pro forma ratio of approximately 10.1%. http://www.citigroup.com/citi/news/2014/140221a.htm Tue, 18 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140227a.htm Consumer Banking/Europe, Middle East & Africa Citigold Airport Lounge in Prague Increasingly Popular with Citi Clients Prague - The popularity of comfortable travel coupled with visits to exclusive airport lounges before departure has noticeably increased among Czechs. Citi's Citigold Lounge in the departure hall of Terminal 2 at the Václav Havel Airport in Prague registered a record 14,427 visits from Citigold program clients last year. Compared with 2012, the visitor rate grew by more than 33 percent. It is the first airport lounge of its kind to be opened at Prague airport in 2010; since then, more than 32,000 Citigold program clients have spent time there waiting for their departure in a comfortable environment. The lounge is accessible for a fee for other passengers who are not Citi clients, and the total number of visits to the Citigold Lounge is therefore even larger. http://www.citigroup.com/citi/news/2014/140227a.htm Tue, 18 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140219a.htm Institutional Clients Group/Latin America Euromoney Magazine Names Citi Best Private Bank for Corporate Executives in Latin America Miami, Florida - Citi was recognized by Euromoney magazine as the Best Private Bank for Corporate Executives in Latin America as part of the magazine's Private Banking Survey 2014. The prestigious awards were presented to Citi during an exclusive ceremony that took place February 13 in London. http://www.citigroup.com/citi/news/2014/140219a.htm Mon, 17 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140219b.htm Institutional Clients Group/Asia Pacific Thailand: Citi Remains Optimistic About Global Economy Led by Stronger Growth in the U.S. Bangkok - Citi announced its house-view preference of equities over fixed income classes, urging investors to seek out investment opportunities in Europe, Japan, the U.S. and North Asia, the bank shared in its Citigold 2014 Annual Outlook: ‘Transitioning to Growth.' http://www.citigroup.com/citi/news/2014/140219b.htm Sun, 16 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140220a.htm Consumer Banking/Europe, Middle East & Africa Citi Celebrates 45 Years of Presence and 25 Years of Consumer Banking in Bahrain Bahrain - Citi Bahrain celebrated 45 years of presence and 25 years of Consumer Banking operations in the Kingdom. Held at the Ritz Carlton Hotel in Manama, the celebration was hosted by Jim Cowles, Citi's Chief Executive Officer for Europe, Middle East & Africa, who visited Bahrain recently, as well as Atiq Ur-Rehman, Citi's Chief Executive Officer for the Middle East and North Africa, and Mazin Manna, Citi Country Officer for Bahrain. http://www.citigroup.com/citi/news/2014/140220a.htm Fri, 14 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140214a.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 (each offer with respect to any series set forth in the table below, an "Offer" and, collectively, the "Offers"). We refer to our offer to purchase each series of Notes as an "Offer" and collectively as the "Offers." The Notes have an aggregate principal amount outstanding of approximately U.S. $1.5 billion as of February 13, 2014. http://www.citigroup.com/citi/news/2014/140214a.htm Tue, 11 Feb 2014 00:00:01 GMT http://www.citigroup.com/citi/news/2014/140212c.htm Consumer Banking/Europe, Middle East & Africa Czech Republic: The Citi Club Program Celebrates Its Fifth Anniversary Prague - Benefit programs rewarding customers for their purchases have been popular and used for a long time, and not just in the Czech Republic. The Citi Club program, which offers the holders of all Citi payment cards discounts of up to 25 percent at selected merchants all over the Czech Republic is celebrating its fifth anniversary today. As of now, the Citi Club has more than 400 business partners present in more than 1,200 points of sale all over the country, and the number is growing every year with the program bringing partners new customers. http://www.citigroup.com/citi/news/2014/140212c.htm