Citi has created a new position charged with enabling and supporting the commercialization of clearing product capabilities for the world's developing currencies, including the Chinese renminbi, Brazilian real, Russian ruble, and Indian rupee.
Citi has enhanced its global web-based investment service, Citibank® Online Investments, offering additional account options for money market mutual funds.
Financial technology start-ups have been showing off their wares to top executives from Wall Street at the third annual FinTech Innovation Lab 'Demo Day' in New York.
Citi has delivered collateral management and middle office services to one of Europe's leading asset managers, enabling it to centrally clear OTC derivatives for the first time.
Markit, a leading, global financial information services company today announced that BofA Merrill Lynch, Citi, and Goldman Sachs are the first futures commission merchants (FCMs) to agree to use MarkitSERV Credit Centre, the pre-trade credit checking solution for the OTC derivatives market.
Citi has launched Network 3.0 with a suite of new investor service solutions that leverage its global network in over 95 countries and on-the-ground local market expertise.
Citi has launched a communication and notification service to enable structured finance issuers to communicate key actions directly to investors in real-time via the Bloomberg Professional service.
Citi has formed a new partnership with ThinkLiquidity and is now able to offer CitiFX Tradestream through ThinkLiquidity's proprietary bridge and risk management product.
ICAP (IAP.L), the world's leading interdealer broker and provider of post trade risk and information services, announces that Citigroup has taken an equity stake in iSwap Limited. i-Swap is the market leading trading platform for interest rate swaps.
Citigroup is to slash four per cent of its global workforce, eliminating 11,000 jobs in a bid to save more than $1.1 billion in operating expenses.
© Finextra Research 2014