• The new age of collateral management.

    By Citi October 27, 2010 12:47 PM

    Rajen Shah, Global Head of Collateral Management in Citi's Global Transaction Services group, discusses the rapid change occurring in the OTC derivatives collateral management business in a new video on the Citi@Sibos 2010 microsite. He also examines the benefits and costs of market reforms to the buy side and the operational infrastructure that investors will need going forward.

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  • Investing in training for neighborhood developers.

    By Barbara Zakin, Senior Vice President, North America Community Development, Citi October 27, 2010 11:43 AM

    In California, Florida and South Dakota, Citi is helping to build the capacity of nonprofit community development corporations (CDCs) by facilitating local implementation of the National Development Council's (NDC) Economic Development Finance Professional Certification Program. The NDC's rigorous training series equips community development practitioners with the financial skills to turn development opportunities into reality.

    CDCs -- urban and rural, large and small -- are doing crucial work by creating affordable housing and commercial and recreational spaces that enable families to live stably and participate in the social and economic life of their neighborhoods. The challenges of these complex development projects vary widely but, armed with the right skills, local nonprofit CDC staff can engage as equals with all of the involved stakeholders.

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  • Citi's Greg Anderson talks QE2.

    By Citi October 27, 2010 11:10 AM

    Citi foreign exchange strategist Greg Anderson yesterday appeared on Bloomberg Radio to discuss the potential impact of the Federal Reserve's quantitative easing policies. Anderson noted that that QE2 could lead to "continued dollar depreciation for an extended period of time." He also said that the United States is "in a situation where we need to come up with credible fiscal solutions and credible monetary solutions to generate self-sustaining growth."

    Click here to listen to the entire interview.

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  • Citi scores high in core services for Private Equity.

    By Citi October 26, 2010 10:58 AM

    Citi's Private Equity Services group leads the charts in Global Custodian's 2010 Private Equity Fund Administration survey of the sector. Specifically, the survey gave "Top Rated" rankings to Citi in four categories: for its expertise overall, in Asia, for funds between $100 million and $1 billion Assets Under Management (AUM) and for funds between $1 billion and $5 billion AUM.

    Citi also ranked number one in the regional "League Tables" and number two for overall service provider. In addition to the "Top Rated" rankings, Citi received 37 "Best-in-Class" honors in the 12 service areas surveyed by the publication.

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  • CEO Vikram Pandit speaks at Buttonwood Gathering.

    By Citi October 25, 2010 05:07 PM

    Today, CEO Vikram Pandit addressed The Economist's Buttonwood Gathering, saying that some Basel banking regulations may negatively impact financial inclusion and global economic recovery:

    "...In many respects--particularly on higher capital--Basel is headed in the right direction. In other respects, it is making some of the problems worse. Pro-cyclicality, limits to financial inclusion, continued unlevel playing fields, and curbs on aggregate demand are all likely consequences of Basel as it now stands. These issues can be addressed--but doing so will take honesty and courage from all concerned..."

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  • Citi aids New York small businesses.

    By Citi October 25, 2010 04:45 PM

    Last week, Citi CEO Vikram Pandit highlighted Citi's strong commitment to helping small businesses grow and succeed by announcing a new partnership with the New York City Department of Small Business Services (SBS). The goal of the partnership is to help New York City's small businesses and entrepreneurs obtain the technical assistance and financing they need to start, operate and expand.

    "Small businesses are the engine that drives our economy and these businesses need a boost during these challenging economic times. Helping New York City's entrepreneurs get started, grow and thrive is a big part of our commitment to strengthening the communities we serve. This initiative is especially significant to Citi as New York City is home to our global headquarters and more than 20,000 of our employees," said Pandit.

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  • The Great Recession of 2008: Our financial wake-up call?

    By Jonathan Clements, Director of Financial Education, Citi October 25, 2010 04:26 PM

    The recession may be technically over, but Americans' economic anxiety continues--and we could be witnessing the long-awaited return to financial prudence.

    A new nationwide survey, conducted for Citi by Hart Research Associates, finds Americans plan to continue tightening their belts over the next six months, with 59% saying they will spend less on eating out, 51% cutting back on clothing expenditures and 50% saying they will reduce the amount they spend on vacations. In fact, 49% of those surveyed report they either avoid shopping altogether or they shop only for what they absolutely need.

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  • Citi's Flexner discusses commercial real estate on Bloomberg TV.

    By Citi October 22, 2010 11:06 AM

    Tom Flexner, Citi's Global Head of Real Estate, appeared on Bloomberg Television yesterday to discuss trends in the commercial real estate market. In his interview, Flexner said that though "the system has to work through a very significant sell down and restructuring," prices may not necessarily come down. Instead, Flexner said, "sell down really means the banking system continuing to unload, and de-leverage by reducing their balance sheets through selling off loans."

    Click here to see the full appearance.

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  • Citi hires Chief Economist for Latin America.

    By Citi October 22, 2010 11:02 AM

    Citi yesterday announced the hiring of a Chief Economist for Latin America, Joaquin Cottani. Cottani played a key role in economic policy making for the Republic of Argentina as Undersecretary of Macroeconomic Policy, Undersecretary of Finance and as the country's financial representative to Washington. He also previously served as the Lead Economist for Mexico and Colombia at the World Bank, where he was responsible for identifying lending opportunities and for developing lending and research strategies. Cottani has a PhD from Yale University, and has taught in both Argentina and the United States. He begins research coverage for the Latin American region November 1, 2010.

    For more on Joaquin, click here.

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  • Serious about sustainability.

    By Citi October 21, 2010 04:58 PM

    Citi Realty Services (CRS), which manages the company's global office and branch facilities, hosted an Environmental Expo at CitiMortgage's Progress Point campus in St. Louis, Missouri to demonstrate the long-term and day-to-day efforts in place designed to reduce Citi's environmental impact. Suppliers and local environmental organizations were on hand to show employees how to save money and resources at work and at home through water conservation, energy saving lighting, recycling and other strategies. The event, attended by 3,800 employees, featured prizes and drawings from several exhibitors, including raffles for power mats, LED Lights and several environmentally friendly chairs. Similar events have been hosted at Citi offices in Dublin, Ireland and London, England.

    John Killey, CRS' Global Head of Sustainability, said there are further plans to host expos for Citi employees in all regions across the globe: "We feel that educating our employees allows us to be better environmental stewards, and we are looking forward to holding many more of these events in the future."

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