Leveraging the Buying Power of Cities: New City Accelerator Uses Innovation to Increase Procurement and Economic Opportunity
By Ben Hecht, President and CEO, Living Cities and Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship, Citi May 11, 2017 01:00 PM
Accelerating economic development remains one of the top priorities for mayors around the country, with an increasing focus on intentionally targeting socioeconomic issues, such as income inequality. Seventy-five percent of mayors highlighted economic development in their 2016 State of the City address, according to the National League of Cities, with 22 percent looking specifically at providing greater support to small businesses and 17 percent mentioning businesses owned by women and people of color.
May 09, 2017 04:00 PM
We recognize the importance of the issues and concerns that have been raised as a result of Citi’s financing of the Dakota Access Pipeline (DAPL). The project has led to extensive internal evaluation of our Environmental and Social Risk Management (ESRM) Policy and, as our CEO Michael Corbat said at our annual shareholder meeting in April, Citi is committed to improving our approach to evaluating human rights issues, with a specific focus on Indigenous Peoples.
April 27, 2017 12:00 PM
Citi is one of the 17 banks that financed the Dakota Access Pipeline (DAPL) project — an underground oil pipeline in the U.S. from North Dakota to Illinois. Construction of the pipeline raised concerns and spurred protests by indigenous peoples and environmentalists as well as many others who were concerned about the project and its potential impact. Citi recognizes the importance of the issues they have raised and will learn from this experience to improve our approach to due diligence on social risk, including on issues related to indigenous peoples.
By Manolo Falco, Corporate & Investment Banking Head, EMEA April 21, 2017 09:00 AM
Last year, Citi launched Volunteer Africa, an initiative to help entrepreneurs grow their businesses, create jobs and build sustainable livelihoods in poor communities in select parts of Africa.
Following the success of the 2016 pilot program in Kenya, which originated in the Corporate and Investment Bank in EMEA, Volunteer Africa has expanded this year to include junior bankers in Corporate and Investment Banking and Capital Markets Origination globally.
By Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship, Citi April 18, 2017 04:00 PM
Community-based organizations have been at the forefront of transforming cities, block by block, neighborhood by neighborhood, acting as both spring boards to economic opportunity and critical safety nets for low-income people and communities. However, to accelerate the pace of transformative impact in our cities, these change-agents need more than financial support for specific programs.
By Jim Cowles, Citi CEO EMEA, and Tracey Warson, Head of Citi Private Bank North America April 07, 2017 11:00 AM
From your perspective, how does Diversity drive business outcomes?
JC: Our business is about opportunity and risk. And the only way we can strike a rational balance between those two elements of our decision-making is to create more diversity of perspective in our work force. We get closer to that goal by building more diverse teams composed of people with different experiences, genders, nationalities, religions, ethnicities, economic backgrounds and sexual orientations. Effectively harnessing that diversity of perspectives will help us truly explore and realize the full potential of what Citi can offer our colleagues and clients.
TW: We know from research that we need to have at least a 30% cohort of women in the room for our voice to be heard. My commitment is to model the way for others and to demonstrate that when we have diverse and gender-balanced leadership teams, we have better business outcomes. In my business in Citi Private Bank North America, my Leadership Team is 38% women, and we have grown our business year-over-year in the past three years to record highs.
By José Ignacio De Oteyza, Citi Country Officer, Paraguay April 04, 2017 11:30 AM
Tell Us about Paraguay
Official language: Guaraní (National Language) and Spanish. Paraguay is the only South American country that has two official languages, and the only country in Latin America where the indigenous language is one of the national languages - despite the fact that the majority of the population is not indigenous.
By Linda Duncombe, Chief Marketing Officer, Citi FinTech March 31, 2017 10:00 AM
Citi FinTech participated in the interactive portion of the annual South by Southwest (SXSW) conference in Austin, Texas for the first time this year, descending on this marquee technology conference to drive awareness of Citi’s Open Banking strategy and socialize our platform, the Citi Developer Hub, among developers and the tech community.
The FastCompany panel, featuring Linda & Sima Gandhi from Plaid
March 07, 2017 12:30 PM
Carmen Monks, Managing Director, Citi Private Bank
Jim Nolan, Managing Director, Institutional Clients Group - Securities and Fund Services
Peter Smith, Director, Citi Commercial Bank
The City Profiles series is dedicated to highlighting Citi’s history in some of our key markets around the world. We spoke to three Boston-based leaders to get their perspectives on Citi’s ongoing involvement with the city.
What is your favorite milestone from Citi’s history in Boston, and how do we continue to enable progress in the city today?
Jim: In 2000, we served as sole manager on an offering of taxable project revenue bonds and developed a preliminary financing plan for Gillette Stadium, home of the New England Patriots.
As a result, we like to think Citi played a role in laying the foundation for some great accomplishments by the Patriots – five National Football League Super Bowl championships, including our most recent victory against the Atlanta Falcons! Similar to the strong performance of the New England Patriots over the years, Citi is committed to excellence and continues to build momentum in our effort to provide a range of banking and investment services to institutional investment managers and corporate clients in Boston.
March 07, 2017 10:15 AM
The following was sent in response to a letter from investors regarding the Dakota Access Pipeline.
We appreciate the opportunity to engage with our investors on important issues such as this one. We would like to provide you with some background on our due diligence practices, engagement activities, and how we have sought to use our leverage in this difficult situation.