• An update on Citi's work in Haiti.

    By Citi August 20, 2010 10:12 AM

    Citi recently announced a second tranche of funding toward a $2 million commitment to relief and reconstruction efforts in Haiti. This latest initiative is aimed at job creation, which is essential if Haiti is to continue its recovery from the catastrophic earthquake in January. Together with the Soros Economic Development Fund, Citi is putting resources toward creating new opportunities in one of Haiti's most promising sectors - the apparel industry.

    Specifically, a $250,000 Citi grant will help the CODEVI apparel company create 1,400 new jobs and provide training to its employees over the next 12 months. Importantly, it will do so in an area, Ouanaminthe, that has been a refuge for Haitians migrating out of Port-au-Prince.

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  • Teammates in the community.

    By Andy Ditton, President, Citi Community Capital August 18, 2010 03:34 PM

    Despite all that I've seen through the years, I recently had my first encounter with 25,000 pounds of apples. That sounds like a lot of apples and, take it from someone who probably handled thousands of them himself, it is. I was one of around 30 Citi volunteers who gathered in the Citi Field parking lot for a "Teammates in the Community" event (along with some great Mets alumni including Rusty Staub and Cleon Jones) to repack the apples -- donated in tremendous cardboard bins by a Pennsylvania farmer -- into small bags that could be redistributed by City Harvest to hungry people in New York.

    Twenty-five thousand pounds of apples is an eye-opener. So is this: More than one million New York City residents rely on emergency food at some point during the year, including nearly 350,000 children and more than 140,000 elderly people, according to City Harvest estimates.

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  • Citi Perspectives launches with report on hedge funds and liquidity.

    By Citi August 13, 2010 04:18 PM

    Citi's Prime Finance group recently launched Citi Perspectives, a new series of industry reports highlighting the group's intellectual capabilities and service to its hedge fund clients. The debut report, "The Liquidity Crisis & Its Impact on the Hedge Fund Industry," is a result of in-depth, one-on-one interviews, and represents an array of industry opinions including hedge funds, investors, intermediaries and service providers.

    The report comprises three key parts, with the first two sections focusing on process and structural issues that emerged in the hedge fund industry during the liquidity crisis, and responses to those issues that occurred over the following 18 months. The final part of the survey extrapolates implications from recent changes and explores how the hedge fund industry is likely to evolve in the near future.

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  • Rebecca Macieira-Kaufman, profiled.

    By Citi August 12, 2010 05:33 PM

    Rebecca Macieira-Kaufmann, President of Citibank California, was recently profiled in The Glass Hammer, an online community "designed for women executives in financial services, law and business."

    Click here to read the profile, and to learn more about one of Citi's most successful female executives.

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  • New survey: Gender divide on economic outlook.

    By Lisa Caputo, Citi Executive Vice President and Chief Marketing Officer August 12, 2010 11:58 AM

    Recently, Citi released the results of a new nationwide survey of American women. We focused on women because they are a critical barometer for the U.S. economy. They drive the majority of household spending decisions, and are increasingly managing how their families invest and plan for their financial future.

    Interestingly, the survey, conducted by Hart Research Associates, revealed a gender divide between men's and women's outlooks for the economy. While optimism for the future declined overall when compared to a similar survey conducted in March, women's outlook has held almost steady while men's attitudes have turned increasingly sour.

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  • The road trip, day three.

    August 05, 2010 02:25 PM

    Citi Community Development's Ruth Christopherson, George Wright and Ashley Thompson set out recently on a road trip to visit our non-profit partners and grant recipients across South Dakota. The journey covered 1,000 miles in three days. Here is Part Three of their story:

    Day three. We headed north to the town of Eagle Butte, on the Cheyenne Indian Reservation. Citi has worked with Four Bands Community Fund for the past seven years to revitalize that area, through business creation and financial education, and we were looking forward to meeting with our friends at Four Bands.

    Four Bands officials led us on a walking tour of downtown Eagle Butte, to visit several entrepreneurs who got started with business development loans and training from Four Bands. At Eagle Butte Saddle Shop, for instance, we met John Bachman, an engaging gentleman who is not only the owner of that business, but also the local executive director of Habit for Humanity and the town's mayor. We ate lunch at the Out Rider Café, another local Four Bands success story.


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  • The road trip continues.

    August 03, 2010 02:55 PM

    Citi Community Development's Ruth Christopherson, George Wright and Ashley Thompson set out recently on a road trip to visit our non-profit partners and grant recipients across South Dakota. The journey covered 1,000 miles in three days. Here is Part Two of their story:

    There were storms and severe weather during our first overnight, but we awoke to beautiful sunshine on Thursday, day two of our journey. We went to Rapid City to visit our nonprofit partner Oweesta, which runs a Community Development Financial Institution (CDFI) that helps native people develop assets and establish economic independence. We had a terrific conversation and were impressed by the degree to which the organization is collaborating with other Native American non-profits to amplify our impact across the state.

    Also in Rapid City, we visited Youth and Family Services (YFS), which provides much-needed support for children and families in Western South Dakota. About half of their clients are Native American. It was very moving to learn about how their programs are helping. They understand that economic empowerment includes financial education, and that the earlier this begins, the better.

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  • Shopping smarter.

    By By Kurt Weiss, Senior Vice President, Citi Cards August 02, 2010 03:34 PM

    Today, more consumers are turning to their mobile devices to access information than ever before. In fact, according to comScore, the number of Americans who sought local information on their mobile devices grew 51 percent last year.

    To help our customers make smart spending choices, we are introducing Citi Shopper, a new free "beta version" location-based mobile application that helps consumers in the U.S. shop for great deals quickly and conveniently using the latest mobile technology on the most popular smartphones. It's the information they want, where and when they want it.

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  • One thousand miles, three days.

    July 30, 2010 04:02 PM

    Citi Community Development's Ruth Christopherson, George Wright and Ashley Thompson set out recently on a road trip to visit our non-profit partners and grant recipients across South Dakota. The journey covered 1,000 miles in three days. Here is Part One of their story:

    Our journey started early on this bright morning and our first stop was in Fort Thompson. There we visited our partners at The Harvest Initiative, a project organized in 2008 to create and facilitate economic opportunity on the Crow Creek Sioux Reservation. Harvest Initiative is two years old and Citi has been working with them from the beginning to support Native American small businesses.

    We met Sherwood Hawk, the first grant recipient and proud owner of Hawk Tire Service. He truly captures the spirit of entrepreneurship in Indian country, and quickly demonstrated his sharp wit and keen sense of business when he charged us a $50 photograph fee. (He was kidding!)

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  • Helping us build a new Citi.

    By Citi July 29, 2010 05:15 PM

    We started new.citi.com to help begin a dialogue about how Citi is changing as an institution. While we've certainly said quite a bit over the last few months, we've also received candid and useful feedback from you. Through the "Help Us Build a New Citi" feature, you have provided both constructive criticism and words of encouragement.

    We thank all of our visitors who have taken the time to leave comments. We very much appreciate your remarks and hope you'll take the opportunity to see what others are saying. Meanwhile, please continue to send us your thoughts and suggestions. Follow the conversation on the "Help Us Build a New Citi" comments page.

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