STOCK TITAN

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.

Rhea-AI Summary
Citi announces significant changes to its organizational model, streamlining management structure and enhancing client delivery. Leaders of each business will report directly to the CEO, eliminating management layers. The new model aims to increase accountability, improve decision-making, and strengthen focus on clients. The firm's geographies outside of North America will be consolidated under a common management team. A newly-created Client organization will enhance client engagement and experience. Citi is committed to delivering on its medium-term targets and transformation plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
none
-
Rhea-AI Summary
Foro Holdings, Inc. acquires Bridge built by Citi platform, with Citi joining as an investor and providing additional capital. Bridge connects small and medium-sized businesses with lenders for business loans. Rohit Mathur and Harte Thompson named CEO and COO of Foro, respectively. Tasnim Ghiawadwala, Global Head of Citi Commercial Bank, joins Foro's Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Citi makes strategic investment in Rextie, Latin America's first FX fintech to receive investment from a major bank. Integration of Citi's FX technology will provide Rextie's clients with faster service and competitive rates. Rextie expects to surpass $7 billion exchanged by end of 2024. Rextie to focus on attracting more small and medium-sized businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Citi's U.S. Retail Bank introduces simplified banking, retiring account packages and introducing Relationship Tiers. New customers benefit immediately, existing customers to be converted in 2024. Relationship Tiers provide access to enhanced benefits and services based on account balance. Streamlined fees and removal of retail banking fees. Family Linking allows combining balances with eligible family members. Depository products offered by Citibank, N.A. Member FDIC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
none
-
Rhea-AI Summary
Citi's whitepaper highlights that accelerated settlement is a major focus for market participants, with 77% expecting a significant impact on their business. Cash, funding, and liquidity management are identified as the main obstacles to achieving a shortened settlement cycle. Additionally, 80% of market participants anticipate a notable impact on their securities lending and borrowing business. The whitepaper also reveals growing interest in Distributed Ledger Technology (DLT) and digital asset initiatives, with 74% of respondents engaging in these initiatives. Furthermore, there is a belief that digital money, such as CBDCs and stable coins, is maturing quickly and seen as a viable means to support securities settlement by 87% of respondents. Overall, the whitepaper emphasizes the need for innovation, automation, and efficiency in global operating models.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
none
-
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
dividends
-
Rhea-AI Summary
Zhejiang Yongtai Technology Co., Ltd. has appointed Citi's Issuer Services as the Depositary Bank for its Global Depositary Receipt (GDR) Program. The GDR Program was established in connection with a US$70 million initial public offering of its GDRs, priced at US$9.41 per GDR. The GDRs are listed on the London Stock Exchange under the symbol 'YTT'. Each GDR represents five (5) A shares. Yongtai's A shares are listed and traded on the Shenzhen Stock Exchange under the stock code 002326. This is the first Shenzhen Stock Exchange listed company to issue and list GDRs on the London Stock Exchange through the Shenzhen-London Stock Connect program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
none
Rhea-AI Summary
Citigroup Inc. is redeeming all $750 million aggregate liquidation preference of Series B Depositary Shares representing interests in its Preferred Stock. The redemption date is August 15, 2023, and the cash redemption price for each Depositary Share is $1,000. Holders of record on a date to be declared will receive the regular quarterly dividend on the Redemption Date. The redemption reflects Citigroup's ongoing efforts to enhance its funding and capital structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Citigroup Inc

NYSE:C

C Rankings

C Stock Data

120.18B
1.85B
3.09%
70.97%
1.28%
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.