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Top related persons:
Ryan Rugg - 1 Rugg - 1 Bernstein - 1 Hamilton Lane - 1 Franklin Templeton - 1 JPMorgan Chase - 1 Chris Helgren - 1 Jane Fraser - 1
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Citi - 2 Citi Token Services - 1 Citi's Treasury - 1 Trade Solutions - 1 Investment - 1 KKR - 1 Securitize - 1 JPMorgan - 1

Search resuls for: "Citi's Treasury"


3 mentions found


☆ Citi debuts deposit and trade services on blockchains for institutional clients
  + stars: | 2023-09-18 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +3 min
Citi is upgrading some of its services for institutional clients using blockchain technology. The banking giant introduced Citi Token Services on Monday, which will tokenize clients' deposits so they can be sent anywhere in the world instantly. The bank is also now using smart contracts to automate the trade process. Citi tested the smart contract capability with shipping and logistics giant Maersk, a client of the bank. While crypto remains in regulatory limbo and prices have been almost stagnant this year, renewed excitement about tokenizing real-world assets using blockchain technology has emerged as one of the hottest topics of the year.
Persons: Ryan Rugg, Rugg, Bernstein, Hamilton Lane, Franklin Templeton, JPMorgan Chase Organizations: Citi, Citi Token Services, Citi's Treasury, Trade Solutions, Investment, KKR, Securitize, JPMorgan Locations: U.S, Singapore
☆ Citigroup's business heads in revamped structure
  + stars: | 2023-09-13 | by ( ) www.reuters.com   time to read: +3 min
The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. He is an alum of the London Business School and the London School of Economics. In 2021, he became the global head of Citi's treasury and trade solutions arm. ANDY SIEG, WEALTH The incoming head of Citi's wealth management unit starts on Sept. 27, after running Bank of America's powerhouse Merrill Lynch Wealth Management division since 2017. He was previously the head of the consumer bank in Asia and Europe, Middle East and Africa.
Persons: Chris Helgren, Jane Fraser, SHAHMIR, Khaliq, Fraser, ANDREW MORTON, Morton, Lehman, PETER BABEJ, ANDY SIEG, Merrill, GONZALO LUCHETTI, Niket, Lananh Nguyen, Chizu Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, London Business School, London School of Economics, Morton, Heath, Lehman Brothers, Citi Asia Pacific, Deutsche Bank, Lazard, of America's, Merrill Lynch Wealth Management, JPMorgan Chase, Bain & Company, Thomson Locations: Toronto , Ontario, Canada, Fraser, Jarrow, Asia, Europe, Middle East, Africa, Bengaluru
☆ Citigroup profit falls on higher loan-loss reserves, weak dealmaking activity
  + stars: | 2022-10-14 | by ( Mehnaz Yasmin | ) www.reuters.com   time to read: +2 min
Citi added $370 million to its loan-loss reserves in the latest quarter, compared with a reserve release of $1.16 billion a year earlier. Citi will likely take "3-5 years to hit more 'normalized' profitability measures", said Eric Compton, equity strategist at Morningstar. Citigroup is the most undervalued bank stock among big U.S. banks Citigroup is the most undervalued bank stock among big U.S. bankRevenue for Citi's Treasury and Trade solutions business, which processes nearly $3 trillion a day in 140 currencies and 160 countries, rose 40% to $3.2 billion as fees and trade loans grew. Net profit was $3.5 billion, or $1.63 per share, in the three months ended Sept. 30, compared with $4.6 billion, or $2.15 per share, a year earlier. Analysts on average had expected a profit of $1.42 per share, according to Refinitiv IBES data.
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