Citigroup (Citi)

Zest

Wall Street's ambitions in China run into a rising firewall

The impact of China’s slowing growth and US bankers’ concerns are increasingly visible in banks’ quarterly reports.
In conversation with StanChart, Citi and HSBC sustainable finance heads - THE EDGE SINGAPORE

Environmental, Social and Governance

In conversation with StanChart, Citi and HSBC sustainable finance heads

As we enter the new year, The Edge SG speaks to sustainable finance heads at these three global banks to learn how they operate.

Zest

Citigroup cuts over 300 senior manager roles in latest restructuring

The company started announcing the cuts. which affect staffers two levels below CEO Fraser’s executive management team, on Monday

Zest

UOB completes acquisition of Citigroup’s consumer banking business in Indonesia

Shares in UOB closed at $27.35 on Nov 17.

Zest

Singapore's DBS, Citi suffer service outage on data centre issue

The latest disruption follows delays experienced by DBS customers last month.

Cybersecurity

DBS latest bank to roll out anti-scam measures, after OCBC and Citi

DBS will restrict app access when it detects potential security risks.

Blockchain

Citi introduces token services for institutional clients

The new service will integrate tokenised deposits into the bank’s global network and upgrade its core cash management capabilities

Disruption and Digitalisation

Citi Securities Services becomes first digital custodian on world's first fractional bond exchange

Citi’s partnership with BondbloX Bond Exchange allows clients to trade fractionalised and full-sized bonds almost immediately.

Zest

Citigroup plans job cuts as it revamps top management structure

Citigroup will now focus on five main operating units, including a services unit as well as a trading division.

Environmental, Social and Governance

Citi to build on social finance efforts across South Asia and Southeast Asia

The move to focus on Asia will further support Citi’s existing work across social finance in the region.
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