Citigroup Inc. reports developments across a global banking franchise that serves corporations, governments, investors, institutions and individuals in more than 180 countries and jurisdictions. Recurring updates include quarterly results, financial data supplements, segment reporting changes and business activity in Services, Markets, Banking, Wealth and U.S. personal banking.
Citi news also covers capital actions such as common and preferred stock dividends, senior note tender offers and other debt-market transactions. Additional company updates include wealth-management programs, issuer services and depositary receipt mandates handled through Citibank N.A. and related Citi businesses.
Jane Fraser, CEO of Citi, will present at the Goldman Sachs 2022 US Financial Services Conference on December 7 at 11:20 a.m. (Eastern). A live webcast is available at Citi Investor Relations. A replay and transcript will follow the event.
Citi operates in over 160 countries, offering a wide range of financial services to corporations, governments, and individuals. For more information, visit www.citigroup.com.
Citi's Issuer Services has been appointed as the Depositary Bank for Sunwoda Electronic and Hangzhou GreatStar's Global Depositary Receipt (GDR) programs under the China-Swiss Stock Connect. Sunwoda's GDR program raised US$440 million with an offering price of US$15.30, while GreatStar's program raised US$155 million at US$13.08 per GDR. Each GDR represents five A shares. This milestone enhances Sunwoda's globalization strategy and GreatStar's access to global markets, demonstrating strong investor support for Chinese firms in the new energy sector.
AT&T and Citi have launched the new AT&T Points Plus Card, a no annual fee credit card aimed at rewarding wireless customers. The card allows cardmembers to earn up to $240 annually in statement credits for their AT&T wireless bills after eligible spending. Customers earn 3 ThankYou Points per dollar spent at gas stations, 2 Points at grocery stores, and 1 Point on other purchases. New cardholders can also receive a $100 bonus after spending $1,000 within the first three months.
Citi Virtual Accounts has experienced significant growth in 2022, with account balances increasing by 82% and adoption growing by 33%. This innovative solution simplifies bank accounts, offers real-time cash management, and enables instant access to cash capabilities. Live in the U.S. and 16 Western European countries, it aims to expand into Asia Pacific and Canada. The service has been recognized as the Best Global Virtual Accounts solution by Global Finance in 2022, showcasing its impact on clients' digital transformation and efficiency.
Citi released three comprehensive reports under its Global Perspectives & Solutions (Citi GPS) initiative, highlighting challenges and opportunities in addressing the climate crisis. These reports are set for discussion at the UN Climate Change Conference (COP27) in Egypt. Key findings include a requirement for $125 trillion investment by 2050 for net-zero goals and the impact of food insecurity on a third of the global population. Citi emphasizes the importance of public-private sector collaboration to tackle these challenges.
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Star Mountain Capital has appointed T. J. Della Pietra, former Global Head of Citi Holdings, as a Senior Advisor. With over $3 billion in assets under management, Star Mountain focuses on lower middle-market investments in North America. Della Pietra brings over 35 years of experience in financial leadership, including significant roles at Citigroup and org value="NYSE:JPM"J.P. Morgan. The firm emphasizes alignment of interests, investing personal capital alongside stakeholders.
Summary not available.
Citi Securities Services has partnered with Sanlam Private Wealth to support their business model transformation, providing execution services and custody for non-domestic client securities. This transformation aims to enhance operational efficiencies by outsourcing trading and middle office functions. Imraan Bacus, COO of Sanlam, highlighted Citi's extensive experience and global reach as key factors in their selection. With its history in South Africa since the 1950s and assets under custody exceeding $25 trillion, Citi is well-positioned to help facilitate this transition.
Citi has been awarded the title of World's Best Digital Bank by Global Finance for the 21st consecutive year, highlighting its commitment to digital innovation and customer service. The bank also received the Best Corporate/Institutional Digital Bank recognition and won 135 country awards. CitiDirect®, its digital banking platform, saw an 8% increase in active users, driven by a 49% growth in mobile users. This recognition reflects Citi's dedication to providing integrated cash management and trade finance services globally.