• Citi rings NYSE Opening Bell.

    By Citi December 01, 2010 11:34 AM

    Citi executives from the Cross Asset Group and Equities ring the NYSE Opening Bell to celebrate recent launch of C-Tracks ETNs.

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  • Citi IT talent featured.

    By Citi November 24, 2010 12:21 PM

    In its current issue, which focuses on African Americans in IT, Diversity/Careers in Engineering & Information Technology magazine profiles Sofolahan Soboyejo, a Citi applications developer. The software engineer said that tinkering around the house as a child with his father and taking a freshman course in computer programming sparked his interest in the field, leading him through graduate school into Citi's technology leadership program in 2007. Now Soboyejo is working in apps development as a senior programmer and analyst. In this role, he has supported the development of Citi's "Click to Chat" feature, which lets users contact a customer representative online to discuss a problem, plus a range of other tools being used and planned for mobile and online customers. "I love my job," he told the magazine. "It's very dynamic, different and fun."

    The magazine also interviewed employers about their goals in recruiting talent. "A diverse workforce understands clients better and is more creative and innovative on their behalf," said Ana Duarte McCarthy, a managing director and Chief Diversity Officer for Citi.

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  • Social Media and Citi: Connecting with you.

    By Frank Eliason, SVP, Social Media, Citi November 23, 2010 05:31 PM

    Last week we launched the Citibank North America Facebook page. I was excited to see it launch, but I also have been a bit reflective on how we accomplished it. I have been asked many times why companies, especially banks, would want to take part in social media.

    No one would ever ask the same question about so-called "old" or "legacy" media. Nor would anyone ask why companies must talk to their customers. Everyone understands that companies have to communicate. The reason Citi needs to be a factor online is the same as the reason we need to engage with other media and stay in touch with our customers. Social media is really just another form of communication, similar to the telephone or email. The only difference is that the conversations that occur usually take place among many people rather than one-to-one.

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  • How supply chain financing supports small businesses.

    By Citi November 22, 2010 05:18 PM

    Matt Frohling, a director in Citi's Global Transactions Services group, recently spoke about the role of supply chain financing in helping support small businesses in a tighter market for traditional lines of credit. Under such programs, buyers leverage their investment-grade credit rating to provide their suppliers with access to affordable financing so they can continue moving products. Frohling estimates that Citi's supply chain finance program has been putting $2 to 3 billion annually into approximately 3,000 small businesses.

    "We feel like we've been making a significant contribution to the economy through the program, and it's really been to the benefit of our clients, our buying organizations, who are also providing financial health to their supply chains, enabling them to fill orders, which further helps the economy," he said. "So it's really been a good story."

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  • First ever Green Jobs Award honorees announced.

    By Citi November 22, 2010 10:24 AM

    On November 16, at Citi's offices in New York, Citi Foundation partners Green For All and SJF Institute announced the first ever Green Jobs Award honorees. The Green Jobs Award honors businesses that contribute to economic development and environmental sustainability. The Green Jobs Award program is made possible with support from the Citi Foundation.

    The first Green Jobs Award honorees were: Alvarado Street Bakery, Bioengineering Group, CLEAResult, E Light Wind & Solar, Inc., FLS Energy, Melink Corporation, OPOWER, Petra Solar, Sellars Absorbent Materials and Southern Energy Management.

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  • Citi achieves more green honors.

    By Citi November 19, 2010 04:07 PM

    On the heels of winning The Banker magazine's Most Innovative Investment Bank for Climate Change and Sustainability award and being listed on the Dow Jones Sustainability Index for the 10th straight year, Citi was also recently named one of the world's top green-IT organizations by IDG's Computerworld magazine and ranked the greenest U.S. bank by Newsweek magazine.

    "This is a strong validation of our environmental initiatives, which have produced real results," said Vikram Pandit, CEO of Citi. "Having found innovative ways to increase our operating efficiency through sustainable IT and design, we continue to demonstrate how working toward environmental sustainability makes fundamental business sense."

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  • "Most improved" in equity lending.

    By Citi November 19, 2010 09:46 AM

    Global Investor/ISF magazine cited Citi as "Most Improved Lender" in its 2010 Equity Lending Survey. Respondents also ranked Citi as the number one provider in the "Market Knowledge: Emerging Markets" and the "Operations: Trade Support/Settlement" award categories. In all, Citi's equity lending capabilities were ranked among the top three in 17 categories surveyed by the publication.

    The 2010 Equity Lending Survey measures perceptions by borrowers of the quality of the services provided to them by lenders. In addition to points rankings, the research also compiles verbatim comments from survey respondents.

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  • Mothers make the strongest shift to thrift.

    By Lisa Caputo, Managing Director, Citi and Co-Chair of Citi's Women's Initiative November 18, 2010 09:55 AM

    Americans overall report being more conservative with their money in order to make ends meet in the weak U.S. economy, but for mothers with children under 18 at home, the change is more dramatic.

    A new nationwide survey released by Citi says 80 percent of moms--versus 72 percent of Americans overall--are cutting back on everyday expenses. They are also reducing spending on entertainment, credit card purchases, cable television service, holiday gifts and major purchases in much higher numbers than the population as a whole. The survey, conducted by Hart Research Associates, shows mothers as noticeably more uncomfortable with their level of debt and savings than women generally.

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  • Pandit is contender for MarketWatch CEO of the Year.

    By Citi November 17, 2010 05:17 PM

    MarketWatch senior editors named Citi CEO Vikram Pandit to the shortlist of candidates for a reader's choice vote on its 2010 CEO of the Year. The four other nominees are Ford Motor's Alan Mulally, Amazon's Jeff Bezos, Apple's Steve Jobs and Netflix's Reed Hastings. Voters are being asked to consider which CEO has done the best job for his shareholders, customers and employees in 2010. The winner will be announced on Dec. 8.

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  • Helping military veterans find jobs.

    By Suni Harford, Regional Head of Markets, Citi November 17, 2010 04:53 PM

    Christopher Perkins, a former captain in the U.S. Marine Corps and now head of Citibank's Derivatives Intermediation and Clearing in the Americas, spoke to USA Today about Citi's industry-leading work to help military veterans transition into the workforce. The company's efforts include actively recruiting employees into Citi, guiding peer firms on similar initiatives and working with veterans advocacy groups on outreach, training and placements for ex-military personnel seeking careers throughout the financial services industry and elsewhere.

    "Taking care of and assisting veterans to me is not solely the government's responsibility--it is the responsibility of all of us," Perkins said in the piece. "Americans don't have to serve in the military to serve their country. Rather, they can serve by getting involved in the veteran's community to assist with job placement, mentoring, etc. The challenge is raising awareness of the need and then making it easy for people to get involved."

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