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Citigroup (Citi)
Anti-money laundering
Citi, CIMB used by accused in Singapore’s laundering scandal
The two lenders were used in 2020 and 2021 by some of the foreign nationals who were arrested in raids this week.
August 18, 2023
News
New Beatles song shows AI opportunity for music, Citigroup says
“It highlights that the debate around risk/opportunity from AI for music is more nuanced than [we thought]."
June 16, 2023
Zest
Citi bets on its 'crown jewel'
Citi’s treasury and trade solutions business has bucked a pandemic-era decline to post 32% higher revenue. But what does it do?
May 04, 2023
Company in the news
Citigroup wealth unit halts margin loans on Adani securities
When a private bank cuts lending value to zero, clients typically have to top up with cash or another form of collateral.
February 02, 2023
Zest
DBS obtains approval from Taiwan authorities on Citigroup purchase
DBS, on Jan 28, said that it will pay a premium of $956 million in cash, plus the value of its assets for the acquisition.
December 23, 2022
Zest
UOB completes acquisition of Citigroup's consumer banking businesses in Malaysia and Thailand
The completion of the acquisition of Citigroup’s consumer banking businesses in Indonesia and Vietnam is planned for 2023.
November 01, 2022
Global Economy
Citigroup economists see chance of global recession nearing 50%
Citigroup now sees the world economy growing 3% this year and 2.8% in 2023.
June 22, 2022
M&A
UOB to acquire Citi's consumer business in Indonesia, Malaysia, Thailand, Vietnam for $5 billion
Completion is expected to take place between mid-2022 and early 2024.
January 14, 2022
Zest
UOB and Standard Chartered among Citi's preferred bidders for its consumer assets in Asian markets
UOB is Citigroup's preferred bidder in Indonesia, while Standard Chartered emerged as the frontrunner for Citi's Malaysian market.
December 07, 2021
Zest
Citi Said to Pick Union Bank as Preferred Bidder for Philippines
Citi is believed to have picked Union Bank of the Philippines as the acquirer of its consumer banking assets in the Philippines
December 01, 2021