Citigroup news

Citigroup logo 14.01.22
Citigroup

Citigroup's GAAP net income for 2021 was $22.025 billion, up 98.7% from $11.087 billion the year before. Revenue fell 4.8% to $71.884 billion from $75.501 billion a year earlier.
Citigroup logo 14.01.22
Citigroup

Citigroup is selling its Asian retail business to Singapore-based United Overseas Bank for S$5 billion. The deal includes 24 branches in four Southeast Asian countries with a customer base of 2.4 million people. The deal is scheduled to close by 1Q 2024.
Citigroup logo 12.01.22
Citigroup

The Citigroup Board of Directors announced a quarterly dividend of $0.51 per share. The last day to buy securities to receive the dividend is February 3, 2022. The annual dividend yield may reach 2.94%.
Citigroup logo 12.01.22
Citigroup

Citigroup plans to sell its consumer banking business, Citibanamex, in Mexico. The business currently uses $4 billion in fixed assets. The division earned $3.5 billion in revenue and $1.2 billion in pretax earnings in the first nine months of 2021. The decision to sell is part of a strategy to bring profitability and share price momentum in line with peers....
Citigroup logo 23.12.21
Citigroup

Citigroup is selling its consumer banking business in the Philippines to UnionBank of the Philippines. The deal includes the credit card, unsecured lending and deposit business, as well as Citicorp Financial Services and Insurance Brokerage Philippines, which provides insurance and investment products to retail customers. UnionBank will pay Citi approximatel...
Citigroup logo 03.12.21
Citigroup

Citigroup has applied for a license to conduct securities transactions in China. The company plans to hire about 100 employees in China in the next two years to support its development in the country.
Citigroup logo 21.10.21
Citigroup

The Citigroup Board of Directors announced a quarterly dividend of $0.51 per share. The last day to buy securities to receive the dividend is October 28, 2021. The annual dividend yield may reach 3.05%.
Citigroup logo 14.10.21
Citigroup

Citigroup's GAAP net income for 9M 2021 was $18.846 billion, up 2.8 times from $6.756 billion in the previous year. Revenue fell 6.7% to $53.955 billion from $57.799 billion a year earlier.
Citigroup logo 25.08.21
Citigroup

Citigroup is exploring the possibility of providing access to bitcoin futures trading to institutional clients. The company is awaiting regulatory approval to begin trading the instrument on the Chicago Mercantile Exchange, Coindesk reported.
Citigroup logo 09.08.21
Citigroup

Citigroup is selling its Australian consumer bank, National Australia Bank. This Citigroup unit has about AU$7.9 billion in mortgages, AU$9 billion in deposits and AU$4.3 billion in unsecured loans. The deal is scheduled to close by March 2022.