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.
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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.
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Citi has issued its first Affordable Housing Bond, totaling $2.5 billion, marking the largest social bond from a private sector issuer. This non-callable, fixed-to-floating rate note will finance the construction and preservation of affordable housing for low- and moderate-income individuals in the U.S. Citi has a strong track record, providing over $6 billion in affordable housing financing in 2019 and helping create or preserve nearly 488,000 units over the past decade. The bond aligns with Citi's broader initiatives to close the racial wealth gap and enhance ESG engagement.
A report by Citi Global Insights and Plan International highlights that achieving 100% secondary school completion rates for girls in emerging economies by 2030 could enhance GDP by an average of 10%. With a modest investment of $1.53 per girl per day, significant economic potential can be unlocked. Currently, over 130 million girls are out of school globally, with COVID-19 exacerbating the crisis. The report emphasizes the need for holistic investments in girls' education, addressing barriers such as gender-based violence and early marriage to achieve sustainable development goals.
Citi has been appointed by Abcam to serve as the depositary bank for its American Depositary Receipt (ADR) programme. Abcam, a leading supplier of life science research tools, offers American Depositary Shares (ADS) traded under the symbol 'ABCM' on NASDAQ, with each ADS representing one ordinary share. Dirk Jones of Citi expressed enthusiasm about enhancing Abcam’s investor outreach through their global equity distribution network.
The Board of Directors of Citigroup declared a quarterly dividend of $0.51 per share on common stock, payable on November 25, 2020, to stockholders of record as of November 2, 2020.
Preferred stock dividends include various rates for Series D, J, K, M, P, Q, and S, all payable in mid-November to early December 2020, with amounts ranging from $0.4296875 to $31.50.
Citi’s Issuer Services has been appointed by SDIC Power Holding Co., Ltd. as the Depositary Bank for its Global Depositary Receipt (GDR) program. This follows SDIC Power's successful pricing of a US$200.6 million IPO, with GDRs priced at US$12.27 each, potentially reaching US$220.7 million with over-allotment. The GDRs will be listed on the Shanghai-London Stock Connect segment of the London Stock Exchange under the symbol 'SDIC'. This move aims to enhance SDIC Power’s access to international capital markets and support its clean energy investments.
Citigroup's Chief Administrative Officer, Karen Peetz, will present at the Bank of America Future of Financials Virtual Conference on November 10, 2020, starting at 9:40 a.m. Eastern Time. The live webcast can be accessed at www.citigroup.com/citi/investor. Citigroup, a leading global bank, serves approximately 200 million customer accounts across over 160 countries, offering a wide range of financial services including consumer banking, corporate investment banking, and wealth management.
Citi's Treasurer, Michael Verdeschi, will present at the 39th Annual BancAnalysts Association of Boston Conference on November 6, 2020, starting at 11:20 a.m. (Eastern). A live webcast of the presentation will be available at www.citigroup.com/citi/investor, with a replay and transcript accessible post-event. As a leading global bank, Citi services approximately 200 million customer accounts and operates in over 160 countries, offering a diverse range of financial products and services, including banking, investment, and wealth management.
Citi has been appointed by Emles Advisors to provide securities services for its new ETFs launched on October 15. Citi will offer fund administration, global custody, transfer agency, and ETF services. Emles Advisors, based in New York, aims to develop innovative investment strategies for various clients. The launch includes four ETFs: Emles @Home ETF (CBOE: LIV), Emles Made in America ETF (CBOE: AMER), Emles Federal Contractors ETF (CBOE: FEDX), and Emles Real Estate Credit ETF (CBOE: REC). Citi's advanced technology and extensive experience will support Emles' growth in the ETF market.
Citi has launched a new initiative allowing transgender and non-binary individuals to use their chosen names on eligible credit cards in collaboration with Mastercard. This feature, termed 'True Name,' aims to enhance recognition and empowerment for customers. Eligible cardholders can request new cards featuring their self-identified names and will soon be able to interact with customer service using these names. Citi's commitment to LGBTQ+ equality is reaffirmed through this initiative and its perfect score on the Human Rights Campaign's Corporate Equality Index for 16 consecutive years.
Citigroup Global Markets Holdings Inc. (CGMHI) announced the acceleration of ten series of exchange-traded notes (ETNs). Holders will receive a cash payment based on the indicative value on October 30, 2020, with payment expected on November 4, 2020. Following the close of trading on October 19, 2020, CGMHI will waive the minimum redemption amount and early redemption charge for the ETNs. The last trading day for these ETNs is set for October 30, 2020. Other ETNs issued by CGMHI remain unaffected by this announcement.
