Welcome!
Home Citibank
Zest
Citi to cut 20,000 roles in Fraser’s bid to boost returns
CEO Jane Fraser is cutting management layers from 13 to 8
January 13, 2024
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
November 20, 2023
Investing strategies
Time ripe for family offices to get alternatives allocation right in portfolios
Alternative asset managers are proactively trying to diversify their investor base
November 16, 2023
Zest
Singapore says 2.5 mil transactions failed in DBS, Citi outage
Up to 810,000 attempts to access both digital banking platforms were estimated to have failed during the Oct 14 disruption
November 06, 2023
Zest
Singapore's DBS, Citi suffer service outage on data centre issue
The latest disruption follows delays experienced by DBS customers last month.
October 14, 2023
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.
September 15, 2023
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.
September 13, 2023
Global Economy
Briefs: MAS penalises Citi, DBS and OCBC for breaches of anti-money laundering requirements; Grab cuts 1,000 jobs
Quoteworthy: "That’s what the great embarrassment for dictators — when they didn’t know what happened." - US's Joe Biden.
June 23, 2023
Zest
UOB’s acquisition of Citi’s consumer banking businesses in Malaysia, Thailand, Vietnam brings customers to over 7 mil
The bank states that it will have close to 8 mil customers by end-2023 after the acquisition of Citi’s Indonesia consumer business
May 10, 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