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Citigroup Inc - C STOCK NEWS

Welcome to our dedicated news page for Citigroup (Ticker: C), a resource for investors and traders seeking the latest updates and insights on Citigroup.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Citigroup's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Citigroup's position in the market.

News
Citi Leads Strategic Investment Round in Colombian Fintech Supra
Rhea-AI Summary
Supra (SUPRA) is a Colombian fintech specializing in cross-border payments and treasury solutions for small and medium-sized businesses (SMBs) involved in import and export activities. Citi has led a strategic investment round in Supra, with Far Out Ventures and H20 Capital also participating in the financing round. The investment and integration of Citi’s cross-border payments and FX technology will support Supra’s operations and expansion in Colombia. The new capital will enable the growth of Supra’s Colombian operations to fulfill its payment aggregator role in partnership with Foreign Exchange Market Intermediaries (IMC) and licensed Payment Service Providers. In 2022, the market for business-to-business cross-border payments in Colombia was approximately $134 billion according to data from the Colombian Tax Authorities (DIAN).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.51%
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News
Citi Expands Its Payments Innovation Toolkit with Investment in Icon Solutions
Rhea-AI Summary
Citi Treasury and Trade Solutions (TTS) has invested in Icon Solutions, a leading fintech provider of payments technology and consultancy services. Citi plans to expand its use of the Icon Payments Framework (IPF) to enhance its micro-services orchestration architecture. This investment and relationship with Icon Solutions demonstrates Citi’s strategy of working with fintechs to strengthen its technology and payments capabilities. Citi is working on a multi-year modernization effort of its payments platforms, prioritizing flexibility and accelerating the bank’s ability to respond to the pace of change in payment infrastructure, regulatory environment, and evolving client demands in a digital-first environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
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News
BioCatch Welcomes Sallie Krawcheck and Liat Nadai Arad to Board of Directors
Rhea-AI Summary
BioCatch (BCAT) announced the addition of Sallie Krawcheck and Liat Nadai Arad to the board of directors. Krawcheck brings extensive financial services experience, having served as CEO of Ellevest and held executive roles at Merrill Lynch Wealth Management and Citigroup. Arad, a cybersecurity veteran, has a background in digital transformation and operational technology within the Israeli Defense Forces. Both join BioCatch as the company achieves $100M in annual recurring revenue and EBITA profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
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management
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Citi Collaborates With Traydstream to Streamline Document Services for Faster and More Effective Client Solutions
Rhea-AI Summary
Citi collaborates with Traydstream, a leading provider of innovative trade documentation solutions, to provide clients with access to automated trade-document processing capability. The collaboration aims to reduce manual process risk and cost, streamline documentation review, and mitigate risks for businesses engaged in cross border trade. Traydstream provides cloud-based automated document checking solutions that help accelerate time-consuming trade procedures. Citi's commitment to providing clients with advanced tools and technologies to facilitate trade is evident in this collaboration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
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Citi Survey Finds Overconfidence May Leave Americans Exposed to Financial Scams
Rhea-AI Summary
Citi's survey reveals that 90% of U.S. adults express confidence in preventing financial scams, yet more than a quarter have fallen victim. Americans reported $8.8 billion in scam losses to the FTC in 2022, a 30% increase over 2021. Scammers are nimble, well-organized, and aided by sophisticated tools, leading to severe financial impacts on victims. 32% of Gen Z report being victims of financial scams. Citi is a trusted source for fraud and scam prevention information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
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Citi Named World's Best Digital Bank and Best Corporate/Institutional Digital Bank for 2023 by Global Finance Magazine
Rhea-AI Summary
Citi (C) named Best Digital Bank 2023 by Global Finance Magazine, winning multiple regional and subcategory awards and 73 country awards. Citi's digital solutions show significant YOY growth in active users and API calls, reflecting the institution's commitment to cutting-edge technology and client-centric approach.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
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Citi GPS Report Outlines How to Mobilize Climate and Development Finance during COP28
Rhea-AI Summary
Citi Global Perspectives and Solutions (GPS) will publish two reports titled ‘Unlocking Climate and Development Finance: Creating Bankable Projects’ and ‘Food, Water, Climate Nexus.’ The reports address global challenges from food security, water scarcity, and climate change. The first report focuses on increasing the flow of money into geographies, industries, and projects while generating a suitable risk-adjusted return. The second report analyzes the connections between food, water, and climate, highlighting the impact of climate change on water supplies and global food production. Citi's largest ever COP delegation comprises senior leaders representing businesses across the firm working to accelerate the transition to a low-carbon economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
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News
Citigroup Announces Partial Redemption of Series J Preferred Stock
Rhea-AI Summary
Citigroup Inc. (C) is redeeming 16,000 shares of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker “C Pr J”) equivalent to $400 million out of an outstanding total of $950 million aggregate liquidation preference. The redemption date is December 29, 2023, with a cash redemption price of $25 per Depositary Share. This move is consistent with Citigroup’s liability management strategy and efforts to enhance the efficiency of its funding and capital structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
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News
Citi Develops Blockchain FX Solution under the Monetary Authority of Singapore’s Project Guardian
Rhea-AI Summary
Citi - Citi Develops Blockchain FX Solution Under Project Guardian with MAS - Citi has developed an innovative application under Project Guardian, using blockchain infrastructure to price and execute bilateral spot foreign-exchange trades. The application, not yet available to clients, provides real-time streaming of price quotes and records trade executions on a blockchain. Citi collaborated with T. Rowe Price Associates, Inc and Fidelity International on this initiative, aiming to explore the potential of distributed ledger technology in revolutionizing financial systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.17%
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Citi Appointed as Depositary Bank for the GDR Program of Will Semiconductor Co., Ltd. Shanghai
Rhea-AI Summary
Citi (C) appointed as Depositary Bank for Will Semiconductor Co., Ltd. Shanghai's (WILL) Global Depositary Receipt (GDR) Program, which was established in connection with a US$445 million offering of GDRs priced at US$14.35 per GDR. Each GDR represents one A share listed on the SIX Swiss Exchange under the symbol 'WILL'. Citi's cross-regional capabilities and global network are expected to enhance investor access for Will Semiconductor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
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Stock C logo
Citigroup Inc

NYSE:C

C Rankings

#98 Ranked by Market Cap
#3125 Ranked by Stock Gains
#1021 Ranked by Dividends

C Stock Data

113.83B
1.85B
3.09%
71.07%
1.56%
Commercial Banking
Finance and Insurance
Link
US
New York

About C

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002.