• Freedom and functionality.

    By Citi October 19, 2010 12:01 PM

    Two next-generation payment technologies that Citi is developing have gained positive attention. Bank Technology News called Citi's MasterCard "Tap & Go" mobile payment tag among "The Five Best Mobile Banking Apps Now."

    The mobile payment tags can be affixed to the back of devices such as cell phones and used to make payments of up to $50 at a wide range of merchants with a simple swipe. The reason it's "cool"? "Citi's effort marks a first 'out of trial' step taken by a major bank toward reaching ... the 'holy grail' of mobile banking: the cell phone wallet," Bank Technology News said.

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  • The market in Mongolia.

    By Citi October 19, 2010 10:51 AM

    Stephen Bird, co-CEO of Citi Asia Pacific, discussed Citi's role in the Hong Kong IPO of Mongolian Mining, shedding light on the emergence of Mongolia as a center of economic growth on CNBC's "The Call."

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  • Citi releases third quarter 2010 earnings.

    October 18, 2010 09:52 AM

    Earlier this morning, Citi released its earnings report for the third quarter of 2010. In this video, Chief Financial Officer John Gerspach discusses the results:

    Click here for more information and the full earnings report.


  • Citi partners with HandsOn Network to Make A Difference.

    By Michelle Nunn, CEO, Points of Light Institute October 15, 2010 03:32 AM

    For 20 years, HandsOn Network, the largest volunteer mobilizer in the nation, and USA Weekend magazine have partnered to sponsor Make A Difference Day, the largest national day of community service with 3 million people participating. This effort has grown over the years to become a day that involves young and old, families, and people from every walk of life, in cities and communities large and small. Over these past two decades, millions of volunteers have served, and they have touched the lives of millions more. In the process, those serving have, themselves, found their own lives changed and transformed.

    One of my favorite heroes of Make A Difference Day is Leola Dillard, a 97-year-old retired teacher who, in 1997, conducted her first yard "sale," giving away clothing. For the last 12 years, with the help of her seven children, she and local churches and individuals have given away food, appliances, household goods, and clothing on Make A Difference Day. Another favorite is Lucas Metropulos, a teenager in coastal Florida who began a weekly fishing class for 8-11-year-olds, culminating on Make A Difference Day last year with a trip on a 70-foot charter fishing boat and crew that he managed to get donated.

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  • Congratulations, Rebecca!

    By Citi October 14, 2010 12:11 PM

    Financial Women's Association of San Francisco (FWA) recently hosted a lunch to celebrate its 2010 Financial Woman of the Year: Rebecca Macieira-Kaufmann, President of Citibank. At the lunch in downtown San Francisco, more than 600 people gathered to honor Rebecca.

    Photo: Justin Jones

    Each year the FWA chooses a leader in the Bay Area who demonstrates a commitment to her profession and community, and who actively promotes the advancement of women. "As an outstanding professional in the financial services industry, a visionary leader and a fantastic mentor for women, Rebecca lives the values of our organization," the FWA said when it announced the 2010 winner.

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  • Developing B2C payments tools.

    By Citi October 13, 2010 06:08 PM

    Paul Galant, CEO of Global Enterprise Payments at Citi, discussed the potential for improving the handling of business-to-consumer (B2C) payments in a recent piece in American Banker (subscription). A goal of his newly created unit is to develop products and services to enable large merchants, governments and financial institutions to interact more efficiently with their customers. Galant cited Citi's global footprint and "scaleable operations" as strengths in finding client solutions in this developing sector. He said he saw this new business group approaching problems not as a bank, but "as a technology company with a banking license."

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  • Hallo, Hello, Ola, Salut.

    By Frank Eliason, SVP, Social Media October 13, 2010 11:44 AM

    I'm new at Citibank. My role is to steer Citibank's social media efforts (managing its presence on things like blogs, Twitter and Facebook), but my goal is to bring Citibank closer to our Customers.

    Most recently, I worked at a large cable company as director of digital care. I used tools like Twitter to listen to and help Customers (whom you may notice I refer to with a capital "C"). Some considered this a novel concept and I quickly gained notoriety. For me, though, it was simply doing what came naturally. If a Customer needs help, I want to be there to offer whatever assistance I can.

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  • Retail Partner Cards streamlines U.S. portfolio.

    By Citi October 08, 2010 05:15 PM

    This week, Citi Retail Partner Cards announced the sale of $1.6 billion in managed assets. The assets were part of its U.S. retail sales finance portfolio, which serves small to mid-sized retailers and dealers primarily in the home furnishings, flooring, and heating, ventilation and air conditioning (HVAC) industries.

    While Retail Partner Cards will continue to serve retailers with sales finance programs, this was a strategic sale for operational purposes that allows the business to increase efficiencies by eliminating a data processing platform and as Retail Partner Cards CEO Bill Johnson notes, "be better positioned for future growth."

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  • Helping China's turbines spin.

    By Citi October 08, 2010 05:04 PM

    China Ming Yang Wind Power Group Limited -- the largest non-state owned or controlled wind turbine manufacturer in China, as measured by installed capacity -- has appointed Citi's Global Transaction Services business as the depositary bank for its NASDAQ-listed level 3 American Depositary Receipt (ADR) program.

    Zhang Chuanwei, Chairman and CEO of China Ming Yang Wind Power Group Limited, said in a statement: "Ming Yang's successful listing on the NYSE is a big milestone and we are delighted to have Citi as our depositary bank. We are committed to providing value to our ADR holders, and are looking forward to leveraging Citi's best-in-class services and strong track records in the industry."

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  • Citi's LavaFlow tops 1% market share milestone.

    By Citi October 07, 2010 06:18 PM

    Citi's LavaFlow Electronic Communication Network earned and sustained 1.25% percent share of the total U.S. volume traded in September, according to Bloomberg's consolidated market volume. The LavaFlow Network, which provides complete electronic communication network functionality and direct market access with GOTO routing powered by Lava Technology (ColorBook), offers the ability to place orders and to interact with dark liquidity, increasing the opportunity for price and size discovery, along with protected venue quoting.

    LavaFlow's September average daily volume was 90,319,016 shares of single counted and pure matched shares, not including routed volume.

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