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) generates frequent news across institutional banking, wealth management, U.S. personal banking and capital markets activities. Citi describes itself as a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in the United States, doing business in more than 180 countries and jurisdictions. News about Citigroup often centers on its financial performance, strategic decisions and product developments that affect corporations, governments, investors and individual clients.
Investors following C stock can expect earnings-related updates, such as quarterly and full-year results announced via press releases and discussed on investor conference calls, as well as accompanying financial data supplements. Corporate actions and capital decisions, including common and preferred stock dividends, new preferred stock series and redemptions of existing preferred stock and depositary shares, are also common themes in Citi’s news flow.
Citi’s strategic and operational news includes changes in senior leadership roles, adjustments to the structure of its core businesses, and actions involving legacy franchises, such as plans to sell remaining operations in certain markets or equity stakes in international financial groups. The firm also issues updates on its digital asset and payments initiatives, including Citi Token Services and collaborations with partners like Coinbase to develop digital asset payment capabilities for institutional clients.
For those tracking developments in wealth management and consumer banking, Citi releases commentary on macroeconomic and market views through its wealth business and highlights recognition in areas such as mortgage origination satisfaction. Regularly reviewing Citigroup news can help market participants understand how the company’s strategic choices, capital actions and product innovations may influence its operations and risk profile over time.
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The Preferred Stock Committee of Citigroup has declared dividends on various series of preferred stock. Key details include:
- Series A: 5.950% dividend, payable July 30, 2021.
- Series B: 5.900% dividend, payable August 16, 2021.
- Series J: 7.125% dividend, payable September 30, 2021.
- Series K: 6.875% dividend, payable August 16, 2021.
- Series T: 6.250% dividend, payable August 16, 2021.
- Series U: 5.000% dividend, payable September 13, 2021.
- Series V: 4.700% dividend, payable July 30, 2021.
- Series W: 4.000% dividend, payable September 10, 2021.
- Series X: 3.875% dividend, payable August 18, 2021.
Citigroup's CFO Mark Mason and Treasurer Michael Verdeschi will lead the company's Fixed Income Investor Review on July 30, 2021, at 1:00 PM (ET). The event will be accessible via live webcast and teleconference. A replay will be available post-event, with teleconference dial-in options for U.S. and international callers. Citigroup operates globally with around 200 million customer accounts, offering a wide range of financial services including consumer banking, corporate and investment banking, and wealth management.
Citi, a leading global bank with around 200 million customer accounts across 160 countries, has released its second quarter 2021 earnings. The detailed earnings report and the Quarterly Financial Data Supplement are available on Citi's investor relations website. A conference call regarding the earnings will occur today at 10:00 AM (ET), with options for telephonic access. The bank continues to provide a broad range of financial products and services, including consumer and corporate banking, securities brokerage, and wealth management.
Citi Treasury and Trade Solutions (TTS) Latin America has launched the Citi Digital Account, enhancing digital banking capabilities for institutional clients. This account enables clients to digitize their banking experience, eliminating the need for physical signature cards and checkbooks. The account is now available in Brazil, Colombia, Costa Rica, and other Latin American countries. The launch supports Citi's Digital First strategy and aims to foster a cashless economy in the region, leveraging advanced digital onboarding and biometric authentication technologies.
Citi has launched Citi Self Invest, a self-directed digital investment platform allowing clients to trade equities and ETFs with no-fee trades and no account minimums. This offering aims to provide an accessible investment experience while educating users on personal finance. The platform will expand to include mutual funds in the future. Citi is committed to enhancing its wealth management services, as illustrated by previous offerings like Citi Wealth Builder and Citi Wealth Advisor. The initiative reflects Citi's aim to support clients in achieving their financial goals.
The Federal Reserve has announced an increase in Citigroup's 2021 Stress Capital Buffer (SCB) requirement from 2.5% to 3.0% for the period of 4Q 2021 to 3Q 2022. This raises the minimum regulatory requirement under the Standardized Approach to 10.5%, while the Advanced Approaches requirement remains at 10.0%. As of Q1 2021, Citi's Common Equity Tier 1 Capital ratio was 11.8%. CEO Jane Fraser affirmed Citi's strong capital position and commitment to returning capital to shareholders through dividends and share repurchases, contingent on financial conditions and Board approval.
Citi has disclosed information related to the 2021 annual supervisory stress tests required by the Federal Reserve Board and the Office of the Comptroller of the Currency. This data is available on Citi's investor relations website. As a leading global bank, Citi serves approximately 200 million customer accounts across more than 160 countries, offering various financial products including consumer banking, corporate investment, and wealth management services. The bank's forward-looking statements may be affected by uncertainties such as the ongoing impacts of the COVID-19 pandemic.
Citibank has been named the “Best Bank for High-Net-Worth Families” for the fifth consecutive year by Kiplinger’s Personal Finance. This recognition highlights Citibank’s robust wealth management capabilities, particularly through its Citigold offering. The bank has unified its wealth management teams under Citi Global Wealth to better serve affluent clients. Key benefits for Citigold clients include a dedicated wealth team, exclusive concierge services, and access to over 100 lounges worldwide.
Citi has been appointed as the depositary bank for AiHuiShou International Co. Ltd.'s American Depositary Shares (ADS) program. The program accompanies an initial public offering of roughly 16 million ADSs, priced at $14.00 each, listed on the New York Stock Exchange under symbol 'RERE'. Each ADS will represent two Class A ordinary shares. Dirk Jones of Citi expressed commitment to delivering premium ADS services to AiHuiShou and its investors, reinforcing Citi's position in the depositary receipt services market.
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