Welcome to our dedicated page for Citigroup news (Ticker: C), a resource for investors and traders seeking the latest updates and insights on Citigroup stock.
Citigroup Inc. (C) maintains its position as a global financial leader through strategic initiatives across 100+ countries. This news hub provides investors and stakeholders with essential updates spanning corporate banking innovations, market-moving developments, and regulatory milestones.
Access real-time announcements including quarterly earnings disclosures, leadership transitions, and cross-border partnership agreements. Our curated collection features verified press releases alongside analytical perspectives on wealth management trends and institutional banking strategies.
Key coverage areas include capital market activities, US consumer banking updates, and multinational risk management solutions. Track Citigroup's progress in digital transformation initiatives and sustainability-focused financial products through primary source documentation.
Bookmark this page for structured access to critical updates affecting one of Wall Street's most diversified financial institutions. Combine strategic awareness with operational insights through our organized news repository.
Citi has launched an investment program aimed at channeling $200 million to five Black-led investment managers, each receiving $40 million, to enhance workforce and affordable housing across the U.S. The initiative is part of Citi's Action for Racial Equity, which targets closing the racial wealth gap. This program supports the acquisition of multifamily housing for low to moderate-income individuals, promoting community development and economic mobility. Citi's goal is to commit $550 million toward these initiatives by the end of 2023, continuing its status as the largest affordable housing lender in the country.
Jane Fraser, CEO of Citi, will present at Bernstein’s 37th Annual Strategic Decisions Conference on June 4, 2021, starting at 10:00 a.m. (Eastern). The conference will be held virtually, with a live webcast accessible at this link. A replay and transcript will be available shortly after the event.
Citi operates in over 160 countries, serving approximately 200 million customers with diverse financial services, including consumer banking, investment banking, and wealth management.
Tractor Supply Company and Citi Retail Services have extended their credit card partnership for several years, enhancing their customer reward program. This renewal aims to grow the Tractor Supply Personal Credit Card portfolio, which has seen significant growth in recent years. The TSC Personal Credit Card offers benefits like Preferred Plus status, 5% back on qualifying purchases, and special financing options. Both companies are focused on improving customer experience and brand loyalty during a period of growth for Tractor Supply.
Citi's Issuer Services, through Citibank, N.A., has been appointed as the depositary bank for Waterdrop Inc.'s ADR program. This program accompanies a $360 million IPO of ADRs priced at $12 each, listed on the NYSE under the symbol 'WDH'. Each ADR represents 10 Class A shares, which are not traded in Waterdrop's home market. Citi aims to provide top-tier ADR services, leveraging its global capital markets expertise.
Citibank, N.A. has announced the complete redemption of $1,500,000,000 of its 2.844% Fixed Rate/Floating Rate Notes and $1,500,000,000 of its Floating Rate Notes, both due May 2022. The redemption will take place on May 20, 2021, with a cash price equal to par plus accrued interest. This move aligns with Citibank's liability management strategy aimed at improving its funding efficiency and capital structure. Post-redemption, the notes will cease to accrue interest, as confirmed by Citibank, which serves as the paying agent for these securities.
Citi Commercial Cards has partnered with Corporate Spending Innovations to enhance B2B payment solutions for its clients. This collaboration integrates Corporate Spending Innovations' digital payment capabilities with Citi's global card network, allowing clients to use virtual cards for supplier payments. The platform offers streamlined payment initiation, reconciliation, and reporting, benefiting both clients and suppliers with faster, secure transactions. The integration will roll out first in the U.S., targeting diverse sectors including eCommerce and digital media.
Citi will release its financial results on notable dates in early 2022, with press releases issued at approximately 8 a.m. ET. Key dates include January 14 for Q4 2021, April 14 for Q1 2022, July 15 for Q2 2022, and October 14 for Q3 2022. Each release will be followed by a live webcast and teleconference for results review. Citi operates globally, serving consumers, corporations, and governments with diverse financial services and maintains about 200 million customer accounts across 160 countries.
Citi’s Treasury and Trade Solutions has expanded the capabilities of its Payment Exchange service by integrating Mastercard Send, enabling U.S. corporate and public sector clients to send funds directly to consumer debit or prepaid accounts. This integration allows for faster, secure payments, reducing costs while enhancing customer experience. Citi, the largest global treasury bank to implement this service, aims to provide clients with more payment choices, capitalizing on the growing demand for digital payment solutions.
Citigroup Inc. will host its 2021 Annual Stockholders' Meeting on April 27, 2021, at 9 a.m. ET. The meeting will take place virtually, allowing stockholders and proxyholders to participate, vote, and ask questions via a live webcast accessible at www.virtualshareholdermeeting.com/CITI2021. Electronic entry starts at 8:45 a.m. ET. Citi operates globally with around 200 million customer accounts across 160 countries, offering a wide range of financial services.
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