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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. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citi is incorporated in New York.

Citi Partners with Fintech Company Sharegain

March 24, 2021

Citi, one of the largest banks in the world, announced today that it has partnered with the fintech firm Sharegain to launch a fully automated securities lending solution for wealth management companies. Acc...

Bitcoin Has Potential to Become the ‘Currency of Choice’ for International Trade: Citi

March 1, 2021

Global bank Citi has published a report for clients on Bitcoin’s potential as an asset class, and pointed out in it the cryptocurrency has potential for a “massive transformation,” and could become the “curre...

Citi to Launch Lending Services on Grab App in Southeast Asia

January 4, 2021

Citi has partnered with south-east Asian company, Grab to offer consumer lending from the latter’s application using the bank’s new API. Citi is one of the region’s largest credit card issuers, and now it ha...

Citigroup Assisting World Governments To Build Digital Currencies

December 5, 2020

Citigroup assisting world government to build digital currencies. Citigroup Chief Executive Michael Corbat said his bank is helping governments "around the world" to create digital sovereign currencies, other...

FINRA Slaps $475,000 Fine on CitiGroup Global Markets

November 11, 2020

The Financial Industry Regulatory Authority (FINRA) announced that it has fined CitiGroup Global Markets Inc. (CGMI) $475,000 for failing to disclose the potential conflict of interest in approximately 16,850...

Citi Launches Direct Custody and Clearing in Finland

August 25, 2020

In a push to expand the nordic operations, banking giant Citi has launched direct custody and clearing (DCC) services in Finland, thus becoming the first international bank to offer a pan-Nordic service. As ...

BNP Paribas, Citibank, JP Morgan & Actinver Go Live on CLSNet

February 12, 2020

CLS, a provider of market infrastructure, announced this Wednesday that Actinver, BNP Paribas, Citibank, and J.P. Morgan are now all live on CLSNet, a payment netting calculation service. CLSNet is operated ...

Citibank Backs Cobalt’s Forex Post-Trade Infrastructure

February 4, 2020

Cobalt plans on announcing further partnerships in the coming weeks. Cobalt, the foreign exchange (forex) post-trade infrastructure, has announced this Tuesday that Citibank is the latest market player to ...

Citi Scales Back Its Participation on Multi-Bank FX Platforms

October 30, 2019

Citigroup is suddenly reducing its global ambitions as a major FX trading powerhouse, cutting the number of third-party platforms it gives currency quotes to 15 from 45 by the first quarter of 2020. Citing p...

HSBC US CEO to Retire, Citi’s Michael Roberts to Take Place

July 9, 2019

HSBC Holdings plc announced this week that the current President and Chief Executive Officer (CEO) of its United States operations, Patrick Burke, is retiring and will be succeeded by Citigroup veteran Michae...