Citi - News, Articles & Research

EBAday 2024: Challenges and benefits of CBDCs

What is the future of CBDCs in Europe and what do experts expect from stablecoin adoption? These questions were answered at EBAday 2024 in Lisbon where leaders in digital currencies examined what the future holds for digital assets.

19 June 2024

Company announcement/payments

Citi collaborates with Emirates NBD to launch 24/7 cross-border USD payments in the Middle East

Today, Citi (NYSE: C) and Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, announced a collaboration to launch Citi’s first-of-its-kind 24/7 USD Clearing service in the Middle East.

12 June 2024

Company announcement/payments

Citi introduces real-time funding for corporate treasurers

Citi today announced the launch of Citi Real-Time Funding (RTF), the latest addition to its real-time treasury suite of solutions for corporate clients.

10 June 2024

News/crime

Ex-Citi employee files wrongful termination lawsuit alleging the bank hid data from regulators

A former managing director at Citigroup is suing the bank and COO for unlawful termination on the grounds of allegedly refusing to provide regulators with false information.

24 May 2024

News/regulation

Citi fined over $444 billion fat finger error

British financial regulators have fined Citigroup £61.7 million over a $444 billion fat finger error that led to a $1.4bn sell off of equities in European markets.

22 May 2024

News/markets

US FS giants explore multi-asset settlement using share ledger tech

A host of major US financial services firms - including Citi, JP Morgan, and Visa - are taking part in a Regulated Settlement Network (RSN) proof-of-concept that will explore multi-asset settlement using shared ledger technology.

09 May 2024

Company announcement/markets

Citi Securities Services to consolidate global funds services on Temenos Multifonds SaaS

Today, Temenos (SIX: TEMN) announced that Multifonds has extended its relationship with Citi Securities Services to consolidate its current regional fund accounting operation into a global operating model on Temenos Multifonds delivered as SaaS.

08 May 2024

Company announcement/startups

iwoca amasses £270 million in investments from Citibank and Barclays

iwoca, one of Europe’s largest SME lenders, today announces a new £270m package of debt funding, taking total gross investment in the company to over £1bn since it was founded in 2012.

07 May 2024

Company announcement/wholesale

Asian Development Bank and Citi team on supply chain finance

The Asian Development Bank (ADB) and Citi have partnered to sign a master risk participation agreement to enhance access to supply chain financing for small and medium-sized enterprises (SMEs) and support more than $100 million in additional annual trade across Asia and the Pacific.

06 May 2024

Company announcement/people

Citi execs join Icon board

Icon Solutions has today announced the appointment of James West, Head of Payments’ Business Execution & Platform Modernisation, Citi Services, to its Board of Directors. Amit Rijhsinghani, Head of Payments Technology, Citi Services, has also been appointed as a Board Observer.

22 April 2024

Company announcement/markets

Citi ends first quarter as Asia-Pacific’s top ECM underwriter

Citi emerged as the top underwriter for equity capital markets (ECM) in Asia ex-Japan for the first quarter (Q1) of 2024, continuing the strong momentum built in 2023. At the end of Q1, Citi commanded a total issuance volume that was double that of the next closest competitor.

12 April 2024

News/regulation

Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

03 April 2024