Associated tags: Professional Services, Finance, Banking, Citigroup
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Finance,
Business,
Manufacturing,
Professional Services,
Chemicals,
Plastics,
Connect,
London Stock Exchange,
Shenzhen Stock Exchange,
Virginia High School League,
Citigroup,
US,
London,
Public sector banks in India,
Citibank,
Security (finance),
GDR Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Yongtai Technology Co., Ltd. (“Yongtai”) – a leading manufacturer of fluorine-containing fine chemicals in the industry – to act as the Depositary Bank for its Global Depositary Receipt (“GDR”) Program.
Key Points:
- Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Yongtai Technology Co., Ltd. (“Yongtai”) – a leading manufacturer of fluorine-containing fine chemicals in the industry – to act as the Depositary Bank for its Global Depositary Receipt (“GDR”) Program.
- Yongtai’s GDR Program was established in connection with a US$70 million initial public offering of its GDRs, priced at US$9.41 per GDR.
- “We are pleased to be the Depositary Bank for Yongtai’s LSE-Listed GDR Program, as well as serve as the depositary bank for the first ever Shenzhen-London Stock Connect GDR program,” said Dirk Jones, Global Head of Issuer Services at Citi.
- “Citi’s cross-regional capabilities, global network, the ability to enhance investor access, and our experience gained from the previous GDR programs will serve Yongtai well.
Technology,
Finance,
Consulting,
Fintech,
Banking,
Professional Services,
Software,
Data Analytics,
Data Management,
Pressure,
Uncertainty,
Partnership,
Wealth management,
Public sector banks in India,
History,
KYC,
Content,
Retail,
Creative industries,
Research The global study “Disruption and Transformation in Wealth - Future-proofing Service and Operating Models” found that 71% of participants surveyed identified the overall client experience as a top priority.
Key Points:
- The global study “Disruption and Transformation in Wealth - Future-proofing Service and Operating Models” found that 71% of participants surveyed identified the overall client experience as a top priority.
- Structural shifts including the emergence of new wealth, coupled with uncertainty in global markets and a fluid regulatory landscape, have pushed the wealth industry to address the fundamental challenges of maintaining and growing relationships with their end clients.
- When asked about their preferred technology development strategy, an overwhelming 75% of survey respondents prefer to work with external parties.
- “Based on our study, it is clear that the wealth industry is at an inflection point, and it is critical that wealth management providers servicing the mass affluent to ultra-high net worth clients need to get their operating model right.
Key Points:
- Today Citi reported second quarter 2023 results, which can be found on its website at https://www.citigroup.com/global/investors .
- A Quarterly Financial Data Supplement with additional financial, statistical, and business-related information, as well as business and segment trends is also available.
- Citigroup will host a conference call today at 11:00 AM (ET) to review these results.
- A replay and transcript of the webcast will be available shortly after the event.
Consulting,
Banking,
Professional Services,
Business,
Mining,
Minerals,
Other Energy,
Natural Resources,
Other Professional Services,
Alternative Energy,
Energy,
Finance,
SIX Swiss Exchange,
Connect,
London Stock Exchange,
Shanghai Stock Exchange,
Zhejiang Huayou Cobalt,
Global China Connection,
Citigroup,
Virginia High School League,
US,
London,
Nickel,
Public sector banks in India,
Citibank,
Cobalt,
Lithium,
Security (finance),
GDR Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Huayou Cobalt Co., Ltd. (“Huayou”) to act as the Depositary Bank for its Global Depositary Receipt (“GDR”) Program.
Key Points:
- Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Huayou Cobalt Co., Ltd. (“Huayou”) to act as the Depositary Bank for its Global Depositary Receipt (“GDR”) Program.
- Huayou is a technology-driven enterprise mainly engaged in R&D and manufacturing of new energy lithium-ion battery materials and new cobalt material products.
- Huayou’s GDR Program was established in connection with a US$582.5 million initial public offering of its GDRs, priced at US$11.65 per GDR.
- “We are pleased to be the Depositary Bank for Huayou, supporting their GDR program.
Banking,
Professional Services,
Finance,
Infrastructure Client Group,
Partnership,
Commercial bank,
Treasury,
Digital transformation,
FX,
CCB,
Shenzhen City Commercial Bank,
Ecosystem,
Cryptocurrency,
Tutoring,
Citigroup Citi has announced the launch of a new platform, CitiDirect® Commercial Banking, specifically to address the needs of Citi Commercial Bank (CCB) clients.
Key Points:
- Citi has announced the launch of a new platform, CitiDirect® Commercial Banking, specifically to address the needs of Citi Commercial Bank (CCB) clients.
- CitiDirect® Commercial Banking brings together Citi’s global products and services into a single digital platform, providing clients with a 360° consolidated view of their Citi banking relationship across Cash, Loans, Trade, FX, Servicing and Onboarding.
- The CitiDirect® Commercial Banking platform has been created in close collaboration with CCB clients, and as a result offers an intuitive and seamless digital experience.
- We anticipate that CitiDirect® Commercial Banking will continue to evolve to support our clients as they grow their businesses globally.”
Mark Sugden, Head of CitiDirect Commercial Banking & Digital Transformation, said: “Our new banking platform has been designed and built with a client-centric focus.
Key Points:
- Further to its announcement that it has completed the Federal Reserve’s 2023 Comprehensive Capital Analysis and Review (“CCAR”) stress test process, Citi today disclosed its Dodd-Frank Act Stress test results, which can be found on the company’s website at https://www.citigroup.com/global/investors/events-and-presentations .
- Citi also announced that it has initiated dialogue with the Federal Reserve to understand differences in Non-Interest Income (Non-Interest Revenue per Citi’s Financial Reporting presentation) over the nine-quarter stress period between the Federal Reserve’s CCAR results and Citi’s Dodd-Frank Act Stress Test results.
- Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States.
- Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Banking,
Professional Services,
Finance,
Federal Reserve,
Uncertainty,
Risk,
Federal,
SCB,
Cryptocurrency,
Bank,
Citigroup Citi announced today that it has completed the Federal Reserve’s 2023 Comprehensive Capital Analysis and Review (“CCAR”) stress test process.
Key Points:
- Citi announced today that it has completed the Federal Reserve’s 2023 Comprehensive Capital Analysis and Review (“CCAR”) stress test process.
- As of March 31, 2023, Citi's Standardized CET1 capital ratio, which includes a 100-basis-point management buffer, stood at 13.44%, above the new regulatory requirement.
- Jane Fraser, Citi CEO, said: “While we would have clearly preferred not to see an increase in our stress capital buffer, these results still demonstrate Citi’s financial resilience through all economic environments, including the severely adverse scenario envisioned in the Federal Reserve’s stress test.
- Citi’s final Stress Capital Buffer requirement and actual capital levels and capital actions (including common stock dividends) may differ materially from those included in these statements due to a variety of factors.
Banking,
Professional Services,
Finance,
Pressure,
Employment,
Education,
COVID-19,
Business,
Social capital,
Citigroup,
Social mobility,
Social,
ESG,
Role,
Nursing Citi released a new Global Perspectives & Solutions (Citi GPS) report titled Economic and Social Mobility – The Role of Business in Improving Outcomes .
Key Points:
- Citi released a new Global Perspectives & Solutions (Citi GPS) report titled Economic and Social Mobility – The Role of Business in Improving Outcomes .
- Although socioeconomic diversity lags race and gender on corporate diversity agenda, employers are playing a significant role in improving economic and social mobility.
- This report builds on our previous body of work addressing issues of equality by outlining the benefits that a stricter focus on social mobility could yield at multiple levels.
- Previous Citi GPS reports have underlined the economic imperative for gender and racial equality.
Citigroup will issue its second quarter results via press release at approximately 8 a.m. (ET) on Friday, July 14, 2023.
Data Management,
Banking,
Technology,
Professional Services,
Payments,
Digital Cash Management,
Digital Assets,
Apps,
Applications,
Software,
Internet,
Fintech,
Finance,
Public sector,
World Integrated Trade Solution,
Knowledge,
Citigroup,
Treasury,
TTS,
DDA,
Cryptocurrency,
Video game Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide.
Key Points:
- Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide.
- Citi TTS continues to migrate its solutions, services, and infrastructure to create “always on” capabilities aimed to improve the overall client experience and provide clients with the ability to operate DDA capabilities in real-time with 24x7 processing.
- Upgrading the current DDA infrastructure is a core element to the TTS technology revamp strategy, allowing for better scalability and increased processing volumes.
- Stephen Randall, Global Head of Liquidity Management Services, Citi Treasury and Trade Solutions, said, “Pismo was selected based on its core expertise and knowledge in cloud-based banking and payments capabilities.
