业务出售交易 - 花旗集团旗下波兰银行Citi Handlowy计划将其消费者银行业务出售给波兰全能银行VeloBank S A，交易预计在2026年年中完成[1] - 该交易不包括Citi Handlowy的机构业务，公司将继续投资并发展这部分业务[2] 战略调整 - 此次出售是花旗集团战略更新的一部分，旨在简化公司结构并退出国际消费者银行业务[1] - 花旗国际业务负责人表示，交易将使公司能够将更多资源投入到机构业务，连接波兰企业与全球网络[3] - 花旗在墨西哥的最后一项重要国际消费者业务Grupo Financiero Banamex仍在筹备首次公开募股[3] 历史背景 - 花旗于2023年5月决定将Banamex公开上市，此前已于2022年退出墨西哥消费者银行市场[4] - 2022年1月，花旗宣布改变业务结构，逐步退出全球零售银行业务，关闭墨西哥零售银行Citibanamex，并出售印尼、马来西亚、泰国和越南的消费者银行业务[5] - 公司保留了机构业务，认为这些业务与核心优势完全契合[6]

Citigroup Inc.  (C) unveiled Citi AI, a range of artificial intelligence (AI) tools aimed at enhancing internal processes for Hong Kong employees. Citi AI aims to maximize efficiency in operations by offering support in information retrieval, document summarization, and writing electronic communications for employees.Details of C’s AI-Powered Banking InnovationCitigroup AI is currently accessible to approximately 150,000 employees across 11 countries, including the United States, India, and Singapore. The c ...

Back in late January, I put a sell rating on Citigroup, Inc. (NYSE: C ) (NEOE: CITI:CA ) and it has seen declines of around 7% since then. Do note that the stock has recently clawed back a lot of losses. II'm a full-time investor with a strong focus on the tech sector. I graduated with a Bachelor of Commerce Degree with Distinction, major in Finance. I'm also a proud lifetime member of the Beta Gamma Sigma International Business Honour Society.My motto is John Pierpont Morgan's phrase: 'First-Class Business ...

Citigroup Inc. (C) is planning to cut up to 200 information technology (IT) contractor jobs in China as part of a strategy to recruit its staff globally, aiming to improve risk management and data governance. This was reported by Reuters, citing people familiar with the matter.Rationale Behind C’s Plan to Cut Jobs in ChinaIn July 2024, Citigroup was fined $136 million by U.S. regulators for failing to make adequate progress in resolving data management issues. The IT restructuring plan highlights C's intent ...

Per a Form 13-F filing with the Securities and Exchange Commission yesterday, Warren Buffett’s Berkshire Hathaway (BRK.B) fully sold off more than 14.6 million shares of Citigroup (C) in the first quarter of 2025.This move was part of a broader reduction in financial sector holdings. Warren Buffett’s Berkshire also trimmed its stakes in Bank of America (BAC) and Capital One (COF) . It trimmed Bank of America’s shares by 48.6 million, while it lowered its stake in Capital One by 300,000 shares. As of March 3 ...

Warren Buffett’s Berkshire Hathaway said Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands, while selling its holdings in Citigroup and Brazilian fintech lender Nu Holdings.Berkshire disclosed the trades in a regulatory filing detailing its US-listed stock holdings as of March 31.It said its Constellation stake grew to about 12 million shares from 5.6 million at year end, giving it a 6.6% stake in the maker of Corona and Modelo Especial beer, and Meiomi, Robert Mon ...

It has been about a month since the last earnings report for Citigroup (C) . Shares have added about 21.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Citigroup due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns o ...

Citigroup Inc. (C) agrees to divest Citi Global Alternatives, LLC (“Citi Global Alternatives”), to iCapital. Citigroup’s Global Alternatives is the advisor to Citi Wealth’s global alternative investment fund platform.The move comes as Citigroup is making efforts to simplify its business operations. Terms of the transaction are kept under wraps.Details of the Citigroup Planned DivestitureThe Citi Global Alternatives unit represents more than 180 funds distributed globally. It includes investment vehicles acr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9924 Citigroup Inc. (Exact name of registrant as specified in its charter) Delaware 52-1568099 (State or other jurisdiction of inc ...

Citigroup CEO Jane Fraser said Monday that most of the Wall Street bank’s business clients believe they can cope with U.S. tariffs of up to 10% on foreign countries, including China, but that levies any higher would make things difficult.Fraser, speaking at the Milken Institute Global Conference in Los Angeles, warned that companies across goods and services were waiting to make investments and hire new employees until they were more certain about the business and economic climate. “If it is 10%, most of th ...