• 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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  • Citi's new approach to corporate citizenship.

    By Citi October 06, 2010 06:02 PM

    In a recent interview with The Chronicle of Philanthropy, Citi CEO Vikram Pandit talked about our commitment to practicing responsible finance and to improving the communities in which we do business. He outlined our new approach to corporate citizenship, which includes a heavy emphasis on financial inclusion:

    "As a bank, we have a responsibility to do everything we can to make the communities we're in prosper. One of the responsibilities that goes with that is financial inclusion. Financial inclusion is about making services and making our capabilities available to people who aren't part of the financial system yet. We try to bring people into the system, to help them save, help them learn how to build assets, help them have a checking account. All those things go with our responsibility of being a bank."

    Click here to read the entire interview.

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  • Women's distinct retirement challenges.

    By Citi October 06, 2010 05:48 PM

    In its September cover story, "Why Women Get a Raw Deal on Retirement," SmartMoney magazine sought the views of Women & Co. President and CEO Linda Descano. In the print version of the piece and in a SmartMoney.com online video feature, Descano defined the challenges women face, noting that women tend to live longer than men, are more likely to require long-term care, take time out of the work force to care for family and often face a gender-related wage gap.

    "All of this means it is particularly important for women to have a plan, start saving early, save more as they earn more and plan for those time-out periods," Descano said in the video.

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  • Citi adds Mexico to flagship bond index‬‪.

    By Citi October 06, 2010 01:51 PM

    The World Government Bond Index (WGBI), which consists of international bond markets, has a new member. As reported by the Financial Times (free registration required), Citi announced the inclusion of Mexico into the flagship index, effective October 2010.

    The Mexican Government Bond Index has satisfied all three WGBI inclusion requirements -- size, credit and barriers to entry -- for three consecutive months, and therefore has become the first Latin American government bond market to enter the WGBI.‬‪

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  • Citi's efforts to hire veterans.

    By Citi October 06, 2010 11:08 AM

    In a recent Fox News segment, Suni Harford, Regional Head of Markets in Citi's Institutional Client Group, discussed our efforts to recruit and hire U.S. veterans. Our commitment to helping America's heroes find employment and job fulfillment is part of our dedication to practicing responsible finance. It's why we work with organizations like Wall Street Warfighters, whose mission is to identify, develop, and place disabled veterans in long-term professions in the financial services industry.

    "Veterans are a tremendous resource," Harford said. "They've got maturity; they've got multi-tasking nailed; they handle stressful situations well, obviously. It's a tremendous learning experience they have overseas."

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