Citigroup
Citigroup, or Citi, is an American multinational investment bank and financial services company. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998. It owns Citicorp, the holding company for Citibank.
In 2018, policy research and development entity Financial Stability Board named Citigroup amongst the list of 29 banks worldwide that they considered "systemically important financial institutions", that is, financial organisations whose size and role meant that any failure could cause serious systemic problems.
Citi Commercial Bank targets mid-sized corporates in Japan
                                                                                 
                    
                    This follows CCB’s expansion in France and Ireland in 2023.
                
                                
            Citi Commercial Bank targets mid-sized corporates in Japan
                                                                                                                 
                            
                            This follows CCB’s expansion in France and Ireland in 2023.
                        
                                                
                        
    
                    Top banks’ assets expanded 5.1% in 2023
                                                                                                 
                        
                        HSBC is a top performer, whilst China Merchant’s Bank saw fees decline.
                    
                                        
                    
                Citi names ex-BNP Paribas banker as new head of markets for Thailand
                                                                                                 
                        
                        Nattaphan Assavavisessivakul was head of global markets and ALM Treasury at BNP Paribas.
                    
                                        
                    
                TMT investment banking activity in APAC slated for growth in H2: Citi
                                                                                                 
                        
                        Citi’s clients are “increasingly looking to raise capital” for growth and M&As, it said.
                    
                                        
                    
                Citi combines in Japan, North Asia, and Australia clusters
                                                                                                 
                        
                        This covers markets in East Asia, Australia, New Zealand, Hong Kong and Macau.
                    
                                        
                    
                Citi names Damien Tan as head of corporate bank for Singapore
                                                                                                 
                        
                        Tan was previously head of local corporates for Citi Singapore.
                    
                                        
                    
                Citi, ABD ink deal to enhance supply chain financing for SMEs in Asia
                                                                                                 
                        
                        It is expected to support over $100m of additional trade across APAC.
                    
                                        
                    
                Citi names Amit Dhawan as head of CCB Singapore
                                                                                                 
                        
                        Dhawan has been head of emerging corporates for Asia since 2017.
                    
                                        
                    
                Citi revenue up 49% to $1.7b in 2023 as corporate lending grew
                                                                                                 
                        
                        Both equity and debt underwriting fees rose.
                    
                                        
                    
                Citi is Asia’s top equity capital markets underwriter in Q1
                                                                                                 
                        
                        The bank reportedly commanded a total issuance volume double to its closest rival.
                    
                                        
                    
                Citi names Janus Wu as IPB head for Hong Kong
                                                                                                 
                        
                        Wu, who was Shenzhen branch manager, has relocated to Hong Kong.
                    
                                        
                    
                Citi appoints Lin Hai as head of China commercial bank business
                                                                                                 
                        
                        Lin was most recently head of corporate sales & solutions for China and HK.
                    
                                        
                    
                Citi’s Shally Koh on how to foster a more diverse banking organisation
                                                                                                 
                        
                        The bank is touting its male allyship and mother support programs as part of its bid for gender equality.
                    
                                        
                    
                Citi opens two new wealth centres in Singapore
                                                                                                 
                        
                        One Holland Village and Parkway Parade have floor areas exceeding 3,000 sqft.
                    
                                        
                    
                Citi names Joy Cheng as head of Hong Kong commercial bank arm
                                                                                                 
                        
                        Cheng brings 30 years of banking experience to the role.
                    
                                        
                    
                Citi completes proof of concept on tokenization of private funds
                                                                                                 
                        
                        It found new functionalities that could lower barrier-to-entry, Citi said.
                    
                                        
                    
                Citi Securities Services launched FIX API connectivity in ETF platform
                                                                                                 
                        
                        This comes at just the right time with the ETF industry's impending move to T+1.