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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 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 ...

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...

JPMorgan and Citi FX Lead the Pack as Electronic FX Takes 80%

April 25, 2019

Greenwich Associates has just announced the results of its latest report on the structure of the global foreign exchange market. The company published select excerpts that shed light on the most convincing tr...

Citi Suspends Initiative to Create Digital Currency

March 18, 2019

Citigroup has shelved its plans to introduce a blockchain-based token. A March 18 a Coindesk report revealed that Gulru Atak, Citi’s chief of innovation lab and global head of innovation for treasury and tra...

Citigroup to Launch New FX Trading Platform in Singapore

March 11, 2019

American banking giant Citigroup is going to be launching a new electronic currency trading and pricing platform in Singapore. The firm announced the news on Monday, and it will make Singapore the fourth cit...

Citigroup Switches up Markets and Securities Teams in China

February 15, 2019

Banking giant Citigroup announced two key changes to its Chinese business on Friday. Ji Yang has been appointed Head of Markets and Securities Services, and Vicky Tsai will be working as Head of Securities S...