• 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.

    No comments

  • 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.

    No comments

  • 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.


    2 comments

  • 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.

    No comments

  • 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.

    No comments

  • 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!)

    No comments

  • 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.

    No comments

  • Citi is a service leader.

    By Jamie Anzellotti, Vice President, Relationship Manager July 29, 2010 01:00 AM

    New York City recently hosted the National Conference on Volunteering & Service (NCVS), a large gathering of volunteer and service leaders. Convened by the Points of Light Institute and the Corporation for National and Community Service, the event provided 5,800 attendees with opportunities to share best practices through plenary sessions and workshops. Citi gave me the opportunity to attend in order to learn new skills and gain new connections for my roles as co-chair of Citi's New York Volunteer Council and as community outreach chair for a network of employees focused on sustainability.

    There were several key themes repeated throughout the conference: 1) corporations have an obligation--and are strongly positioned--to drive change in the community; 2) companies must connect employees to the causes they're already passionate about and provide ample opportunity to serve; 3) involving the community in our outreach projects enables them to be agents in their own success; and 4) individual citizens can (and must) make a difference.

    No comments

  • Citi appoints Corporate Fair Lending Director.

    By Citi July 28, 2010 06:27 PM

    Citi has appointed Irene Fang as Corporate Fair Lending Director for all of its U.S.-based businesses. Dr. Fang will be responsible for managing Citi's robust Fair Lending program to ensure consistency across businesses with regard to fair lending policies and practices. A thought leader in the fair lending field, Dr. Fang joins Citi after a 21-year career at the Office of the Comptroller of the Currency (OCC). Most recently she was head of the Compliance Risk Analysis Division in the Economics Department, which supports the annual fair lending reviews at every bank in the OCC's large bank program and a number of midsize and community banks.

    Vikram Pandit, Citi CEO, said, "'Fair Lending is a cornerstone of Responsible Finance. The addition of Irene Fang demonstrates our commitment to ensuring that our senior leadership embeds the industry's best and most innovative practices into all of our businesses."

    No comments

  • The M&A outlook.

    By Citi July 27, 2010 12:28 PM

    In a recent appearance on CNBC's The Strategy Session, Mark Shafir, Citi's global head of M&A, assessed the outlook for deals as flat in the near term, with an uptick -- potentially quick -- in 2011 and 2012. Companies holding record amounts of cash and valuation multiples at their lowest levels in 15 years, excluding 2008, are among the factors pointing to a rebound in M&A activity, he said.

    Deal flow will increase as CEOs and boards gain conviction in their own businesses. "A number of them are starting to feel that way," Shafir told the audience. "They wanted to see this [financial reform] legislation, they want to understand it a little better and they want to understand what credit availability is going to be."

    Check out the replay and summary of Shafir's appearance on CNBC.com.

    No comments