By George Wright, Midwest Region Director, Citi Community Development February 06, 2017 12:00 PM
Research shows that one of the primary reasons students do not enroll or fail to complete college, even after they have already been accepted, is an inability to manage the newfound financial stresses associated with higher education.
College tuition has eclipsed median incomes, rising even as salaries have remained stagnant. But the value of a college degree remains significant, as college-educated workers earn 70% more than non-college-educated peers.
January 30, 2017 10:30 AM
To our customers, investors and other concerned stakeholders:
As a lender to the Dakota Access Pipeline, we continue to engage with the project sponsors, Energy Transfer Partners (ETP) and Sunoco Logistics, to understand the situation on the ground and express our concerns. We understand that many stakeholders believe that banks should withdraw the project loan. However, we have signed a contract to provide the loan and cannot terminate this contract unilaterally.
We want to take this opportunity to underscore that Citi continues to be very concerned about the situation on the ground in North Dakota, and that this issue has the attention and focus of our senior executives. We have had extensive conversations with numerous stakeholders from the non-governmental organization, human rights, academic, socially responsible investor, and tribal communities to understand different perspectives on this rapidly evolving situation. We have also met directly with members of the Standing Rock Sioux Tribe.
By Lorelei Salas, Commissioner, New York City Department of Consumer Affairs (DCA) and Eileen Auld, Tri State Market Director, Citi Community Development January 27, 2017 04:00 PM
Tax season is a stressful time for many. However, for low-income workers, the cost of tax preparation is often greater than they should bear – and many leave thousands of dollars in tax refunds they have earned on the table.
Every year, households in New York City spend on average about $150 to $250 on tax preparation. They pay for these services primarily for the peace of mind that they offer that they are filing correctly and taking advantage of all available credits. But low-income households on average pay up to twice as much for the same service, despite the fact that there are many free high-quality options available.
By Don Callahan, Head of Operations and Technology, Citi January 25, 2017 02:45 PM
Work is well underway in transforming Citi’s Global Headquarters located at 388 Greenwich Street into a modern, world-class facility that supports Citi’s businesses and functions, enabling employees to connect and work more closely together, and to better serve our clients and customers. We recognize that it’s not enough to talk about the importance of sustainability, but to make it a priority in all that we do.
And that’s why today we’re joining the NYC Mayor’s Carbon Challenge, a citywide leadership initiative to reduce greenhouse gas emissions in many of the largest commercial buildings in the city by 30% in 10 years. Citi and other New York-based commercial owners and tenants joining the challenge represent more than 58 million square feet of real estate, contributing to a total of 322 million square feet of real estate, a sizeable footprint across our city.
By Andres Albo Marquez, Director of Social Commitment, Citibanamex and Brandee McHale, President, Citi Foundation January 19, 2017 09:30 AM
Citibanamex was a sponsor of the sixth biennial C40 Mayors Summit, held in Mexico City, November 30-December 2.
More than half of the world’s population lives in cities. By enabling sustainable development, cities are better preparing to face the challenges of urbanization and improve the quality of life of residents. As more people around the world move from rural to urban areas in unprecedented numbers, Citi is expanding its work to help build vibrant, inclusive communities where all citizens can fulfill their potential. The recent C40 Mayors Summit highlighted this effort. Citi joined elected city officials, climate experts and business leaders in Mexico City at C40’s flagship event to strategize and affirm our commitment to sustainability on an international stage.
By Carey Kolaja, Chief Product Officer, Citi FinTech January 13, 2017 03:00 PM
How will banking change in 2017 to keep up? Here are the three biggest areas to watch for.
By David Livingstone, Citi Country Officer, Australia January 10, 2017 02:30 PM
Tell us about Australia
Official language: English, with an Australian accent and vocabulary.
Currency: Australian dollars, divided into 100 cents. The A$ is the fifth most traded currency in the world.
Population: 24 million, with an urbanisation rate of 90%.
Capital: Canberra, Australian Capital Territory. Canberra is a purpose built, inland political and administrative capital, and is the largest city not on the Australian coast.
Weather: Everything! Given that Australia spans latitudes ranging from 10° to 45° south, we have the full climactic spectrum from tropical in the Top End to cool temperate in Tasmania. This wide climactic range gives us the full breadth of natural habitats, from tropical rain forest to ancient mountain ranges to spectacular deserts and wide grassy plains.
December 23, 2016 10:00 AM
Citi shared the following letter with BankTrack in response to their query regarding the Dakota Access Pipeline.
By Linda Duncombe, Chief Marketing Officer, Citi FinTech December 16, 2016 11:00 AM
The much-anticipated Singapore Fintech Festival kicked off November 14th, drawing over 10,000 attendees from around the world, including financial institution executives, entrepreneurs, start-ups, government officials and members of the media.
By Ralph Andretta, Head of U.S. Branded Cards, Citi December 15, 2016 08:00 AM
Over the past year, Citi has generated tremendous mobile momentum — delivering next-gen solutions to make banking easier, faster, more convenient and more powerful for our customers. All in the palm of their hand.