Citigroup News

As one of the major banks in the United States, Citigroup is currently charting a path in the post-2008 financial crisis era. The best way to stay up-to-date with its progress, stock position and products is through the Wiser daily Citigroup news email. It is a huge bank, with $1.8 trillion in assets and a presence all over the world. It has two main areas of business. The first is in consumer and business banking, and the second is its brokerage and asset management business. It was founded in 1998 in what was at the time one of the biggest corporate mergers in history. Today its chief executive officer is Mike Corbat. On a corporate level, it is still recovering from the huge losses of 2008 and the government-backed rescue. On a local level, it is a bank responsible for the deposits, loans and mortgages of millions of individual Americans and hundreds of thousands of businesses. Whatever part of the Citigroup story you are interested in you will get the information you need with our daily digest. Sign up today for this free email that is packed with the latest Citigroup news from the best sources on the internet.

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Your Weekly Recommendations Sunday, February 18, 2018
 
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Citigroup raises CEO Corbat's pay 48 percent to $23 million
Reuters
Citigroup Lifts Corbat's Compensation 48% to $23 Million for 2017
Bloomberg • Jennifer Surane
Idea raises Rs 3,500 crore via QIP at Rs 82.5 per share
The Economic Times of India • Devina Sengupta
Nigeria Sells $2.5 Billion Eurobonds to Replace Naira Debt
Bloomberg
U.S. Bancorp to Pay About $600 Million Over Money Laundering
Bloomberg
Canadian home sales, listings slump in January with arrival of new mortgage rules
CBC Radio-Canada • Cbc News
From Heavyweights To Newcomers, Finserv Goes All-In On APIs
PYMNTS.com • Pymnts
How big tech and retail are inspiring consumer innovation at Wells Fargo
Digiday • Tanaya Macheel
Bloomberg overhauls coverage of big financial companies
Talking Biz News • Chris Roush
U.S. bank stocks rally, analysts see more upside
Reuters
 
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Bank of America, Citigroup Inc
Citigroup raises CEO Corbat's pay 48 percent to $23 million
Reuters
NEW YORK () - Citigroup Inc (C.N) raised Chief Executive Officer Michael Corbat’s annual compensation by 48 percent to $23 million for 2017, a year in which the bank made more money from operations but still fell short of earlier targets. Directors...
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Bank of America, Citigroup Inc
Citigroup Lifts Corbat's Compensation 48% to $23 Million for 2017
BloombergJennifer Surane
Citigroup Inc. Chief Executive Officer Michael Corbat received $23 million in compensation for 2017, a 48 percent increase from a year earlier and the biggest pay package he’s received since taking the top job. Corbat, 57, got a $1.5 million salary and...
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Bank of America, Citigroup Inc
Idea raises Rs 3,500 crore via QIP at Rs 82.5 per share
The Economic Times of IndiaDevina Sengupta
MUMBAI: Idea CellularBSE -1.03 % on Thursday raised around $535 million, or about Rs 3,500 crore, through a qualified institutional placement (QIP) with the price at Rs 82.50 per share at the closure of bids, a person close to the issue said....
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Citigroup Inc
Nigeria Sells $2.5 Billion Eurobonds to Replace Naira Debt
Bloomberg
Yield was 7.1% on 12-year tranche, 7.7% for 20-year notes Finance ministry says order book in excess of $11.5 billion Nigeria sold $2.5 billion of Eurobonds as it sought to lower funding costs by using the notes to refinance higher-yielding naira debt....
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Citigroup Inc, Credit Cards
U.S. Bancorp to Pay About $600 Million Over Money Laundering
Bloomberg
Government agrees to defer prosecution in case for two years Bank failed to report Scott Tucker’s suspicious activity U.S. Bancorp agreed to plead guilty and pay about $600 million to settle U.S. allegations that it failed to guard against money laundering, under...
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Citigroup Inc, Mortgages
Canadian home sales, listings slump in January with arrival of new mortgage rules
CBC Radio-CanadaCbc News
Canadian home sales dropped sharply in January to their lowest monthly level in three years amid a retreat in listings as new mortgage rules came into place, according to a new report from a national real estate group. The Canadian Real Estate...
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Accenture, Bank of America
From Heavyweights To Newcomers, Finserv Goes All-In On APIs
PYMNTS.comPymnts
The conversation around B2B payments innovation and progress cannot be held without the banks. Sure, FinTechs are flocking to the industry to play their part in disruption, but traditional FIs have to be involved in addressing and solving the many, many points...
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American Express Co, Banking
How big tech and retail are inspiring consumer innovation at Wells Fargo
DigidayTanaya Macheel
In the new world of banking, banks come to their customers — not the other way around. On Tuesday, Wells Fargo released a new “predictive banking” feature that pushes insights based on customer data and more personalized guidance. It could flag higher-than-normal...
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Bank of America, Business Reporting
Bloomberg overhauls coverage of big financial companies
Talking Biz NewsChris Roush
Bloomberg News U.S. finance editor Michael Moore sent out the following message on Wednesday: Hi team, Over the past year, our coverage of the biggest financial firms has continued to lap the competition. Just in the last several weeks, we’ve been out...
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Bank of America, Citigroup Inc
U.S. bank stocks rally, analysts see more upside
Reuters
(Reuters) - Bank shares soared on Wednesday as investors bet rising inflation would push up interest rates and boost bank profits, and analysts forecast yet more gains from strong economic growth and...
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