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.
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.
The 10th Annual Veterans on Wall Street (VOWS) Symposium, hosted by Citi on November 9, 2020, aims to facilitate career opportunities for military veterans and their spouses. This virtual event will feature industry leaders, including General Joseph Dunford and Citi CEO Michael Corbat, discussing the importance of veteran retention in the workforce. New recruiting initiatives with WayUp will assist veterans in job searches. VOWS has raised over $10 million for the Bob Woodruff Foundation, supporting veterans' career development amidst COVID-19 challenges.
Citi will host its third quarter 2020 Fixed Income Investor Review on October 28, 2020, at 11:00 AM (ET). CFO Mark Mason and Treasurer Michael Verdeschi will present, and the event will be accessible via live webcast and teleconference. Dial-in details include US & Canada: (833) 420-0446, and International: (314) 888-4603, with a conference code of 2377384. A replay of the call will be available until November 28, 2020. Citi, a global banking leader, operates in over 160 countries, serving around 200 million customer accounts.
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