• 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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  • Citi recognized for innovative asset building and financial inclusion programs.

    By Citi September 23, 2010 04:13 PM

    Today, Citi CEO Vikram Pandit gave a speech in Washington, D.C., at the Corporation for Enterprise Development's (CFED) annual conference, where he accepted the Assets and Opportunity Award recognizing Citi's innovative achievements in helping low-income families build assets through education, small businesses, savings and home ownership.

    Read his description of how Citi is putting the full force of our business, resources, products and people to work to help improve the communities we call home.

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  • Smaller footprint.

    By Citi September 22, 2010 10:26 AM

    Amid increasing attention on the energy efficiency of corporate data centers, a Citi facility has earned the federal Environmental Protection Agency (EPA)'s ENERGY STAR label in recognition of superior energy performance. The Midwest Data Center, located outside of Columbus, Ohio, earned a score of 84 on the ENERGY STAR 100-point scale, indicating that the data center is performing better than 84 percent of similar facilities nationwide. The facility was the fourth data center to receive certification and, at 304,275 square feet, it is the largest certified facility to date.

    The EPA launched an ENERGY STAR rating system for data centers in June as a challenge to companies and institutions to measure, document and implement efficiencies in their operations. It follows examination of the increasing demand for computing power and the cost of generating it.

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  • Investing to deliver superior customer service.

    By Brad Dinsmore, Head of Retail Banking, North America Consumer Banking September 20, 2010 04:33 PM

    To serve our customers better, Citibank is investing in our employees. On Saturday, September 25th, all U.S. Citibank branches will be closing at 1:00 p.m. for a national training initiative.

    Improving the customer experience, and customer loyalty, is a particular focus for us at Citibank. This unique training initiative marks just one step in our journey to get better. We've not only invested over the last two years to improve our facilities and our technology, but we are investing in our people as well. This training will dig deep into what constitutes truly excellent customer service and empower our employees to be better listeners, to anticipate their customers' needs and to respond with innovative and targeted solutions.


  • Q&A with Sandip Sen: Capitalizing green technologies.

    By Citi September 20, 2010 10:40 AM

    Alternative energy represents a small fraction of power generation worldwide, yet it offers huge potential for growth. Sandip Sen, head of Citi's newly formed Global Alternative Energy Group, spoke with new.citi.com about the emerging industry.

    View the interview for Sen's analysis of how policy, regulation and public pressure are driving growth, the prospects for job creation, and the capital needs of the businesses developing these transformative clean-energy technologies.

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