As the world's most global bank, Citi must play an important role in addressing the climate crisis and financing the transition to a low-carbon economy. A key aspect of enabling this transition is understanding and disclosing the potential impacts of our business on the climate, as well as the potential impacts of climate change on our business.
" ], "url": "/2020/12/2020-tcfd-report-our-climate-risk-disclosure/", "comment_count": "8 comments", "tags": [], "html": "\n\t\t\tBy Val Smith, Chief Sustainability Officer, Citi\n\t\t\tDecember 17, 2020 11:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tAs the world's most global bank, Citi must play an important role in addressing the climate crisis and financing the transition to a low-carbon economy. A key aspect of enabling this transition is understanding and disclosing the potential impacts of our business on the climate, as well as the potential impacts of climate change on our business.
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\n\t\t\n\t\t\n\t\tAcross the globe, new technologies are driving unprecedented positive impact on segments of the population that have historically lacked access to basic social and economic services. New and innovative business models are emerging with the promise of generating inclusive economic growth. From Bangalore to Nairobi to Mexico City, Citi's clients are at the forefront of digital advancements that are driving this growth. As part of Citi's Institutional Clients Group (ICG) Innovation week, I had the honor of leading a dynamic discussion with some socially-driven companies that are using technology to build scalable solutions.
" ], "url": "/2020/12/how-technology-is-driving-social-finance-innovation/", "comment_count": "no comments", "tags": [], "html": "\n\t\t\tBy Jorge Rubio, Head of International Inclusive Finance\n\t\t\tDecember 10, 2020 09:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tAcross the globe, new technologies are driving unprecedented positive impact on segments of the population that have historically lacked access to basic social and economic services. New and innovative business models are emerging with the promise of generating inclusive economic growth. From Bangalore to Nairobi to Mexico City, Citi's clients are at the forefront of digital advancements that are driving this growth. As part of Citi's Institutional Clients Group (ICG) Innovation week, I had the honor of leading a dynamic discussion with some socially-driven companies that are using technology to build scalable solutions.
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\n\t\t\n\t\t\n\t\tThe holiday season presents an opportunity to reflect upon the year - and it would be an understatement to say that there is much to look back on in 2020.
" ], "url": "/2020/12/a-moving-year-in-moving-pictures-a-small-business-video-series/", "comment_count": "1 comment", "tags": [], "html": "\n\t\t\tBy David Chubak, Head of U.S. Retail Banking\n\t\t\tDecember 07, 2020 01:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tThe holiday season presents an opportunity to reflect upon the year - and it would be an understatement to say that there is much to look back on in 2020.
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\n\t\t\n\t\t\n\t\tEvery year, Citi colleagues, alumni, partners, clients, family and friends come together to participate in Global Community Day, Citi's annual flagship volunteer initiative, to give back to the communities where we live and work. Traditionally, Global Community Day is celebrated through in-person events where we roll up our sleeves and engage in various service activities – from packaging meals for families in need, to cleaning up and planting flowers in our public parks.
" ], "url": "/2020/11/reimagining-ways-to-give-back-for-global-community-day/", "comment_count": "2 comments", "tags": [], "html": "\n\t\t\tBy Art Tildesley, Head of Global Executive Services and Citi Volunteers \n\t\t\tNovember 24, 2020 10:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tEvery year, Citi colleagues, alumni, partners, clients, family and friends come together to participate in Global Community Day, Citi's annual flagship volunteer initiative, to give back to the communities where we live and work. Traditionally, Global Community Day is celebrated through in-person events where we roll up our sleeves and engage in various service activities – from packaging meals for families in need, to cleaning up and planting flowers in our public parks.
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\n\t\t\n\t\t\n\t\tWhen I started my community investing career in the early 1990s, I learned about a new kind of mission-driven non-profit dedicated to delivering affordable and accessible financial services in lower-income communities – Community Development Financial Institutions or CDFIs. I, like many of my peers at the time, wondered why banks would invest in scaling up other financial institutions that could become competitors. But looking around at the industry, one thing became clear: CDFIs do more than provide capital, they level the playing field for communities and populations at risk of being left behind – especially communities of color.
" ], "url": "/2020/11/supporting-cdfis-the-original-social-entrepreneurs", "comment_count": "8 comments", "tags": [], "html": "\n\t\t\tBy Brandee McHale, Head of Citi Community Investing and Development and President of the Citi Foundation\n\t\t\tNovember 19, 2020 09:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tWhen I started my community investing career in the early 1990s, I learned about a new kind of mission-driven non-profit dedicated to delivering affordable and accessible financial services in lower-income communities – Community Development Financial Institutions or CDFIs. I, like many of my peers at the time, wondered why banks would invest in scaling up other financial institutions that could become competitors. But looking around at the industry, one thing became clear: CDFIs do more than provide capital, they level the playing field for communities and populations at risk of being left behind – especially communities of color.
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\n\t\t\n\t\t\n\t\tCustomers want an integrated experience where their relationship with money operates at the same speed as the rest of their lives. We want to empower them with an account that provides smart – very smart – financial services built from the ground up with financial wellness and mobile functionality at its core.
" ], "url": "/2020/11/a-new-way-to-bank-nationwide-on-google-pay", "comment_count": "2", "tags": [], "html": "\n\t\t\tBy Anand Selva, CEO of U.S. Consumer Banking, Citi\n\t\t\tNovember 18, 2020 01:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tCustomers want an integrated experience where their relationship with money operates at the same speed as the rest of their lives. We want to empower them with an account that provides smart – very smart – financial services built from the ground up with financial wellness and mobile functionality at its core.
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\n\t\t\n\t\t\n\t\tEvery year in November, we come together to honor and thank all those who have bravely served in our armed forces. In the U.S., we observe Veterans Day on the 11th to celebrate those who have served, and Remembrance Day in the UK to commemorate fallen soldiers. As we come together this month amid what has been a challenging year for us all, we recognize and honor our active-duty military and veteran colleagues with a renewed sense of gratitude.
" ], "url": "/2020/11/a-renewed-sense-of-gratitude-for-our-veterans", "comment_count": "8 comments", "tags": [], "html": "\n\t\t\tBy Ed Skyler and John Tien, Co-leads of Citi Salutes\n\t\t\tNovember 11, 2020 09:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tEvery year in November, we come together to honor and thank all those who have bravely served in our armed forces. In the U.S., we observe Veterans Day on the 11th to celebrate those who have served, and Remembrance Day in the UK to commemorate fallen soldiers. As we come together this month amid what has been a challenging year for us all, we recognize and honor our active-duty military and veteran colleagues with a renewed sense of gratitude.
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\n\t\t\n\t\t\n\t\tWhile we have yet to realize the long-term economic impacts of COVID-19, one thing is certain. Employment for youth and young adults, and particularly those from underserved communities, has been disproportionately affected. Already, the unemployment rate among these communities in the nation is about twice the national average and continuing a steep, upward climb, making an already uneven playing field that much worse.
" ], "url": "/2020/11/we-need-to-put-young-people-to-work", "comment_count": "no comments", "tags": [], "html": "\n\t\t\tBy Brandee McHale, Head of Community Investing & Development and President of Citi Foundation\n\t\t\tNovember 10, 2020 01:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tWhile we have yet to realize the long-term economic impacts of COVID-19, one thing is certain. Employment for youth and young adults, and particularly those from underserved communities, has been disproportionately affected. Already, the unemployment rate among these communities in the nation is about twice the national average and continuing a steep, upward climb, making an already uneven playing field that much worse.
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\n\t\t\n\t\t\n\t\tAs the conversation around racial equity and inclusion in our society and across industries has gathered momentum in recent months, a number of financial institutions have initiated efforts to empower minority communities. We are proud to say that Citi has been active in this area for years and recently announced Action for Racial Equity, a major effort to help close the racial wealth gap that includes a focus on strengthening the economic trajectory of minority-owned and women-owned banks and the communities they serve.
" ], "url": "/2020/10/what-our-mentor-protege-program-means-on-the-ground", "comment_count": "13 comments", "tags": [], "html": "\n\t\t\tBy Harold Butler, Public Sector Group, Banking, Capital Markets and Advisory\n\t\t\tOctober 30, 2020 03:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tAs the conversation around racial equity and inclusion in our society and across industries has gathered momentum in recent months, a number of financial institutions have initiated efforts to empower minority communities. We are proud to say that Citi has been active in this area for years and recently announced Action for Racial Equity, a major effort to help close the racial wealth gap that includes a focus on strengthening the economic trajectory of minority-owned and women-owned banks and the communities they serve.
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\n\t\t\n\t\t\n\t\tIn this series, we share insights from our Citi Country Officers (CCOs) around the globe as they reflect on their experiences during COVID-19. CCOs are responsible for leading the entire Citi franchise in their country. They provide alignment and leadership to bring our global strategy to life in each of their jurisdictions.
" ], "url": "/2020/10/insights-from-the-ground-managing-through-the-covid-19-pandemic", "comment_count": "no comments", "tags": [], "html": "\n\t\t\tBy Manuel Romo, Citi Country Officer, Mexico & Rocio Velarde, Citi Country Officer, Ecuador\n\t\t\tOctober 21, 2020 04:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tIn this series, we share insights from our Citi Country Officers (CCOs) around the globe as they reflect on their experiences during COVID-19. CCOs are responsible for leading the entire Citi franchise in their country. They provide alignment and leadership to bring our global strategy to life in each of their jurisdictions.
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\n\t\t\n\t\t\n\t\tOne of the most formative experiences I remember growing up was being a Girl Scout. The organization teaches many important lessons and works to develop girls' confidence, and character. I can remember earning badges and being so excited, not only to build my collection on my Girl Scout vest, but also which ones came easy to me and which ones required more work. The work behind these badges is important. That's why Citi is incredibly proud to announce Citi Foundation's support of Girl Scouts of the USA launch of a new badge program focused on civics that will give girls a greater understanding of democracy and government.
" ], "url": "/2020/10/working-with-girl-scouts-to-develop-young-civic-leaders", "comment_count": "6 comments", "tags": [], "html": "\n\t\t\tBy Sara Wechter, Head of HR and Citi Foundation Board Member\n\t\t\tOctober 09, 2020 08:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tOne of the most formative experiences I remember growing up was being a Girl Scout. The organization teaches many important lessons and works to develop girls' confidence, and character. I can remember earning badges and being so excited, not only to build my collection on my Girl Scout vest, but also which ones came easy to me and which ones required more work. The work behind these badges is important. That's why Citi is incredibly proud to announce Citi Foundation's support of Girl Scouts of the USA launch of a new badge program focused on civics that will give girls a greater understanding of democracy and government.
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\n\t\t\n\t\t\n\t\tI'm proud to share that seven senior Citi leaders have been recognized among this year's American Banker \"Most Powerful Women\" rankings. This well-deserved acknowledgement from one of our industry's premier publications sends a powerful message about the diversity of our leadership, which is one of the great strengths of our firm. And while we still have work to do, I am proud of our efforts to increase the representation of women and U.S. minorities in senior and higher-paying roles, as we outlined in our most recent Environmental, Social and Governance report.
" ], "url": "/2020/09/citi-leaders-named-to-american-bankers-2020-most-powerful-women-lists", "comment_count": "2 comments", "tags": [], "html": "\n\t\t\tBy Mike Corbat, CEO, Citi\n\t\t\tSeptember 30, 2020 01:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tI'm proud to share that seven senior Citi leaders have been recognized among this year's American Banker \"Most Powerful Women\" rankings. This well-deserved acknowledgement from one of our industry's premier publications sends a powerful message about the diversity of our leadership, which is one of the great strengths of our firm. And while we still have work to do, I am proud of our efforts to increase the representation of women and U.S. minorities in senior and higher-paying roles, as we outlined in our most recent Environmental, Social and Governance report.
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\n\t\t\n\t\t\n\t\tThe most successful organizations stand for a clear set of values. Citi is no exception. But here's what we must recognize: just talking about our values and putting them in a pretty font on our website is one thing. Actually living them, promoting them and protecting them is entirely different. Ensuring the communities we serve are fair and inclusive is a core part of Citi's mission of enabling growth and progress. But when you listen to the calls for racial justice echoing across the United States this year, it's clear that more of the same won't do.
" ], "url": "/2020/09/taking-action-to-close-the-racial-wealth-gap", "comment_count": "14 comments", "tags": [], "html": "\n\t\t\tBy Jane Fraser, President of Citi & CEO of Global Consumer Banking and Paco Ybarra, CEO of Citi's Institutional Clients Group\n\t\t\tSeptember 23, 2020 08:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tThe most successful organizations stand for a clear set of values. Citi is no exception. But here's what we must recognize: just talking about our values and putting them in a pretty font on our website is one thing. Actually living them, promoting them and protecting them is entirely different. Ensuring the communities we serve are fair and inclusive is a core part of Citi's mission of enabling growth and progress. But when you listen to the calls for racial justice echoing across the United States this year, it's clear that more of the same won't do.
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\n\t\t\n\t\t\n\t\tWe're thrilled to announce that Fast Company has included Citi on its 2020 list of the Best Workplaces for Innovators. This is the result of a culture at Citi conducive to innovation, where all colleagues – from our class of summer analysts and associates to our senior leadership – feel empowered not only to innovate, but to innovate with purpose. It's equally reflective of the emphasis we place on bringing new teammates to our firm who embrace change, endeavor to anticipate the challenges faced by those we serve, and are able to turn ideas into tangible solutions.
" ], "url": "/2020/07/citi-named-to-fast-companys-best-workplaces-for-Innovators-list", "comment_count": "no comments", "tags": [], "html": "\n\t\t\tJuly 30, 2020 02:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tWe're thrilled to announce that Fast Company has included Citi on its 2020 list of the Best Workplaces for Innovators. This is the result of a culture at Citi conducive to innovation, where all colleagues – from our class of summer analysts and associates to our senior leadership – feel empowered not only to innovate, but to innovate with purpose. It's equally reflective of the emphasis we place on bringing new teammates to our firm who embrace change, endeavor to anticipate the challenges faced by those we serve, and are able to turn ideas into tangible solutions.
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\n\t\t\n\t\t\n\t\tOver the past few months, in the midst of our global health crisis, some have questioned the connection between sustainability and the broader issues weighing on our society. But if we take one lesson away from these intersecting crises, as our CEO Mike Corbat has said – it is that our physical and economic health, our sustainability and resiliency, and social justice are inextricably linked.
" ], "url": "/2020/07/building-towards-a-sustainable-future", "comment_count": "1 comment", "tags": [], "html": "\n\t\t\tBy Val Smith, Chief Sustainability Officer, Citi\n\t\t\tJuly 29, 2020 09:30 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tOver the past few months, in the midst of our global health crisis, some have questioned the connection between sustainability and the broader issues weighing on our society. But if we take one lesson away from these intersecting crises, as our CEO Mike Corbat has said – it is that our physical and economic health, our sustainability and resiliency, and social justice are inextricably linked.
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\n\t\t\n\t\t\n\t\tIn this series, we share insights from our Citi Country Officers (CCOs) around the globe as they reflect on their experiences during COVID-19. CCOs are responsible for leading the entire Citi franchise in their country. They provide alignment and leadership to bring our global strategy to life in each of their jurisdictions.
" ], "url": "/2020/07/insights-from-the-ground-managing-through-the-covid-19-pandemic", "comment_count": "1 comment", "tags": [], "html": "\n\t\t\tBy Leopoldo Attolico, Citi Country Officer, Italy and Leslie Rubio, Citi Country Officer, Portugal\n\t\t\tJuly 16, 2020 02:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tIn this series, we share insights from our Citi Country Officers (CCOs) around the globe as they reflect on their experiences during COVID-19. CCOs are responsible for leading the entire Citi franchise in their country. They provide alignment and leadership to bring our global strategy to life in each of their jurisdictions.
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\n\t\t\n\t\t\n\t\t\"Equality of rights under the law shall not be denied or abridged by the United States or by any state on account of sex.\" - Section 1, Equal Rights Amendment
During the past few months of distance learning for my teenage daughter, I've had the opportunity to revisit some of the milestones of the women's rights movement as part of her women's studies class. The first version of the Equal Rights Amendment (ERA) was introduced in Congress in 1923; her class covered the effort to ratify the ERA and the counter-movement in the 1970s that prevented it from becoming law. She was amazed that we are still having this debate – and legal battle – in 2020.
" ], "url": "/2020/06/citi-signs-amicus-brief-supporting-the-ratification-of-the-equal-rights-amendment-to-the-us-constitution/", "comment_count": "8 comments", "tags": [], "html": "\n\t\t\tBy Jo-Anne Kelly, Head of Employment Legal\n\t\t\tJune 29, 2020 04:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\t\"Equality of rights under the law shall not be denied or abridged by the United States or by any state on account of sex.\" - Section 1, Equal Rights Amendment
During the past few months of distance learning for my teenage daughter, I've had the opportunity to revisit some of the milestones of the women's rights movement as part of her women's studies class. The first version of the Equal Rights Amendment (ERA) was introduced in Congress in 1923; her class covered the effort to ratify the ERA and the counter-movement in the 1970s that prevented it from becoming law. She was amazed that we are still having this debate – and legal battle – in 2020.
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\n\t\t\n\t\t\n\t\tWhile we have yet to realize the lasting economic impacts of COVID-19, the immediate impacts are unquestionably – and disproportionately – falling to communities of color. A sobering new report from the National Bureau of Economic Research found that from February to April, the number of Black and Latinx small business owners have fallen by 41% and 36%, respectively. Of the many factors causing this sharp decline, lack of access to credit is a significant obstacle to resiliency that continues to exist for small business owners of color, even long before the pandemic.
" ], "url": "/2020/06/using-ppp-net-profits-to-support-cdfis-serving-communities-of-color/", "comment_count": "28 comments", "tags": [], "html": "\n\t\t\tBy Brandee McHale, Head of Community Investing and Development at Citi and President of the Citi Foundation\n\t\t\tJune 29, 2020 03:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tWhile we have yet to realize the lasting economic impacts of COVID-19, the immediate impacts are unquestionably – and disproportionately – falling to communities of color. A sobering new report from the National Bureau of Economic Research found that from February to April, the number of Black and Latinx small business owners have fallen by 41% and 36%, respectively. Of the many factors causing this sharp decline, lack of access to credit is a significant obstacle to resiliency that continues to exist for small business owners of color, even long before the pandemic.
\n\t\t\t\t\t\t\t\t\t\t\t\n\n\t\t\n\t\t\n\t\t\t\n\t\t\t\t 28 comments\n\t\t\t\n\t\t
\n\t\t\n\t\t\n\t\tThe better-than-expected jobs report released earlier this month by the Department of Labor provided a glimmer of hope amid the economic hardship that COVID-19 has inflicted on small business. Many Americans and many American small businesses are still struggling to weather this storm, but the jobs report suggests that the extraordinary response to this pandemic that includes the U.S. Small Business Administration's Paycheck Protection Program (PPP) has helped to provide a lifeline and fuel a partial bounce back of jobs in a number of sectors.
" ], "url": "/2020/06/citi-ppp-loans-help-save-small-business-jobs-in-the-hardest-hit-sectors/", "comment_count": "1 comment", "tags": [], "html": "\n\t\t\tBy David Chubak, Head of U.S. Retail Banking\n\t\t\tJune 24, 2020 09:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tThe better-than-expected jobs report released earlier this month by the Department of Labor provided a glimmer of hope amid the economic hardship that COVID-19 has inflicted on small business. Many Americans and many American small businesses are still struggling to weather this storm, but the jobs report suggests that the extraordinary response to this pandemic that includes the U.S. Small Business Administration's Paycheck Protection Program (PPP) has helped to provide a lifeline and fuel a partial bounce back of jobs in a number of sectors.
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\n\t\t\n\t\t\n\t\tYesterday, the United States Supreme Court issued a 6-3 landmark decision prohibiting workplace discrimination on the basis of sexual orientation and gender identity. For the first time in history, freedom from workplace discrimination is the law of the land for all LGBT+ people in the United States.
" ], "url": "/2020/06/us-supreme-court-delivers-landmark-civil-rights-decision/", "comment_count": "2 comments", "tags": [], "html": "\n\t\t\tBy Paco Ybarra and Bob Annibale, Citi Pride Affinity Co-leads\n\t\t\tJune 16, 2020 01:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tYesterday, the United States Supreme Court issued a 6-3 landmark decision prohibiting workplace discrimination on the basis of sexual orientation and gender identity. For the first time in history, freedom from workplace discrimination is the law of the land for all LGBT+ people in the United States.
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\n\t\t\n\t\t\n\t\tIn this series, we share insights from our Citi Country Officers (CCOs) around the globe as they reflect on their experiences during COVID-19. CCOs are responsible for leading the entire Citi franchise in their country. They provide alignment and leadership to bring our global strategy to life in each of their jurisdictions.
" ], "url": "/2020/06/insights-from-the-ground-managing-through-the-covid-19-pandemic/", "comment_count": "no comments", "tags": [], "html": "\n\t\t\tBy Christine Lam, Citi Country Officer in China & Tibor Pandi, Citi Country Officer in Thailand\n\t\t\tJune 11, 2020 02:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tIn this series, we share insights from our Citi Country Officers (CCOs) around the globe as they reflect on their experiences during COVID-19. CCOs are responsible for leading the entire Citi franchise in their country. They provide alignment and leadership to bring our global strategy to life in each of their jurisdictions.
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\n\t\t\n\t\t\n\t\tDuring my decade at Citi, I have had the opportunity to oversee a number of large-scale projects, ranging from the transformation of our mortgage business to streamlining our branch footprint. Without a doubt, however, overseeing Citi's planning and preparation to help our customers navigate the Small Business Administration's Paycheck Protection Program (PPP) loan forgiveness process has been the most intense because of the extremely short timeline and the absolute need to get this right for our clients.
" ], "url": "/2020/06/simplifying-a-complex-process-helping-our-customers-prepare-for-ppp-loan-forgiveness/", "comment_count": "394 comments", "tags": [], "html": "\n\t\t\tBy Brenda Hurst, Head of Change Management, US Retail Banking, in Irving, Texas\n\t\t\tJune 04, 2020 01:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tDuring my decade at Citi, I have had the opportunity to oversee a number of large-scale projects, ranging from the transformation of our mortgage business to streamlining our branch footprint. Without a doubt, however, overseeing Citi's planning and preparation to help our customers navigate the Small Business Administration's Paycheck Protection Program (PPP) loan forgiveness process has been the most intense because of the extremely short timeline and the absolute need to get this right for our clients.
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\n\t\t\n\t\t\n\t\tI can't breathe.
I can't breathe.
I can't breathe.
Those words were George Floyd's last. In a video recorded by a bystander, he can be heard saying them, pleading for his life, 10 times. Maybe more. While a police officer kneeled on his neck for 8 minutes and 46 seconds. While three other officers stood by and WATCHED.
" ], "url": "/2020/05/i-cant-breathe/", "comment_count": "927 comments", "tags": [], "html": "\n\t\t\tBy Mark Mason, CFO\n\t\t\tMay 29, 2020 06:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tI can't breathe.
I can't breathe.
I can't breathe.
Those words were George Floyd's last. In a video recorded by a bystander, he can be heard saying them, pleading for his life, 10 times. Maybe more. While a police officer kneeled on his neck for 8 minutes and 46 seconds. While three other officers stood by and WATCHED.
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\n\t\t\n\t\t\n\t\tThis year, Memorial Day comes at a time when all of us are navigating profound changes in both our personal and professional lives. When I began writing this message, I couldn't help thinking about how this solemn occasion has traditionally been marked by the physical proximity of people coming together to honor and remember our fallen service members. Yet, while like many of you I feel disappointment that so many of these gatherings will be missed this year, I also believe that we can observe Memorial Day in important ways that preserve its purpose.
" ], "url": "/2020/05/preserving-memorial-days-purpose/", "comment_count": "2 comments", "tags": [], "html": "\n\t\t\tBy Ed Skyler, Executive Vice President for Global Public Affairs, Citi\n\t\t\tMay 25, 2020 09:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tThis year, Memorial Day comes at a time when all of us are navigating profound changes in both our personal and professional lives. When I began writing this message, I couldn't help thinking about how this solemn occasion has traditionally been marked by the physical proximity of people coming together to honor and remember our fallen service members. Yet, while like many of you I feel disappointment that so many of these gatherings will be missed this year, I also believe that we can observe Memorial Day in important ways that preserve its purpose.
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\n\t\t\n\t\t\n\t\tFollowing Citi's decision to offer the majority of its summer interns full-time positions upon graduation, Citi sent the following update to its 2020 Summer Intern Class regarding the format of program:
Since you last heard from us, we have been working to determine the best way forward for our 2020 summer internship program. To prioritize your health and safety, we have decided that the entire program will be delivered virtually this year.
" ], "url": "/2020/05/an-update-on-our-2020-summer-internship-program/", "comment_count": "no comments", "tags": [], "html": "\n\t\t\tBy Courtney Storz, Head, Global Campus Talent Acquisition\n\t\t\tMay 18, 2020 03:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tFollowing Citi's decision to offer the majority of its summer interns full-time positions upon graduation, Citi sent the following update to its 2020 Summer Intern Class regarding the format of program:
Since you last heard from us, we have been working to determine the best way forward for our 2020 summer internship program. To prioritize your health and safety, we have decided that the entire program will be delivered virtually this year.
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\n\t\t\n\t\t\n\t\tWith the second round of the Small Business Administration's Paycheck Protection Program funding well underway, we are pleased to share data to date on where Citi's PPP loans are going – by state, by sector and by size.
A recent Fed study indicated that the early data released by the SBA showed that the greatest number of PPP loans were not being made in areas hardest hit by COVID-19. As we've analyzed our own data coming in through the course of the program, we were pleased that the majority of Citi's PPP lending is reaching areas most impacted, with more than half of our loans going to the extremely hard-hit New York tri-state area, followed closely by California.
" ], "url": "/2020/05/by-state-by-sector-by-size-a-look-at-citis-support-of-small-business-through-the-paycheck-protection-program/", "comment_count": "1 comment", "tags": [], "html": "\n\t\t\tBy Citi Global Consumer Bank\n\t\t\tMay 15, 2020 04:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tWith the second round of the Small Business Administration's Paycheck Protection Program funding well underway, we are pleased to share data to date on where Citi's PPP loans are going – by state, by sector and by size.
A recent Fed study indicated that the early data released by the SBA showed that the greatest number of PPP loans were not being made in areas hardest hit by COVID-19. As we've analyzed our own data coming in through the course of the program, we were pleased that the majority of Citi's PPP lending is reaching areas most impacted, with more than half of our loans going to the extremely hard-hit New York tri-state area, followed closely by California.
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\n\t\t\n\t\t\n\t\tWith eight out of 10 U.S. jobs in services, the services sector is the lifeblood of the U.S. economy. Services enable all economic sectors – from healthcare to manufacturing to agriculture – to be more productive, reach more consumers, and ultimately, contribute to a better livelihood for Americans through job creation, higher wages and greater opportunities.
" ], "url": "/2020/05/extending-a-lifeline-to-the-engines-of-the-american-economy/", "comment_count": "2 comments", "tags": [], "html": "\n\t\t\tBy Candi Wolff, Executive Vice President, Global Government Affairs, Citi\n\t\t\tMay 13, 2020 04:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tWith eight out of 10 U.S. jobs in services, the services sector is the lifeblood of the U.S. economy. Services enable all economic sectors – from healthcare to manufacturing to agriculture – to be more productive, reach more consumers, and ultimately, contribute to a better livelihood for Americans through job creation, higher wages and greater opportunities.
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\n\t\t\n\t\t\n\t\tFor millions of people in America, the same lockdowns and social distancing measures that are protecting them from COVID-19 have halted their work and income – leaving them wondering how they'll access the basic resources they need to survive. For these people, and millions like them around the world, the pandemic is intensifying the threat of an equally dire crisis: hunger.
" ], "url": "/2020/05/working-together-to-fight-hunger-during-covid-19/", "comment_count": "115 comments", "tags": [], "html": "\n\t\t\tBy Carla Hassan, Chief Brand Officer\n\t\t\tMay 13, 2020 01:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tFor millions of people in America, the same lockdowns and social distancing measures that are protecting them from COVID-19 have halted their work and income – leaving them wondering how they'll access the basic resources they need to survive. For these people, and millions like them around the world, the pandemic is intensifying the threat of an equally dire crisis: hunger.
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\n\t\t\n\t\t\n\t\tI have been fortunate to spend more than 20 years at Citi helping customers, first in the call center supporting credit card and mortgage clients and later as a project manager and a team leader. When the COVID-19 pandemic forced businesses of all sizes across the U.S. to shut down leading Congress to pass the CARES Act, which included an emergency lending facility for the Small Business Administration, called the Paycheck Protection Program (PPP), my team was enlisted to help.
" ], "url": "/2020/05/on-the-other-end-of-the-line-helping-small-businesses-apply-for-ppp-loans/", "comment_count": "3 comments", "tags": [], "html": "\n\t\t\tBy Heather Felts, Citi Customer Response Team Leader in Florence, Kentucky\n\t\t\tMay 06, 2020 05:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tI have been fortunate to spend more than 20 years at Citi helping customers, first in the call center supporting credit card and mortgage clients and later as a project manager and a team leader. When the COVID-19 pandemic forced businesses of all sizes across the U.S. to shut down leading Congress to pass the CARES Act, which included an emergency lending facility for the Small Business Administration, called the Paycheck Protection Program (PPP), my team was enlisted to help.
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\n\t\t\n\t\t\n\t\tWith the second round of the Small Business Administration's Paycheck Protection Program funding underway, much of the discussion around the program has been about making sure the true small businesses secure access to the resources they need to survive.
" ], "url": "/2020/04/by-the-numbers-how-citi-is-supporting-small-business-through-the-paycheck-protection-program/", "comment_count": "6 comments", "tags": [], "html": "\n\t\t\tBy Citi Global Consumer Bank\n\t\t\tApril 30, 2020 02:30 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tWith the second round of the Small Business Administration's Paycheck Protection Program funding underway, much of the discussion around the program has been about making sure the true small businesses secure access to the resources they need to survive.
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\n\t\t\n\t\t\n\t\tIn the first phase of the Small Business Administration's Paycheck Protection Program, we delivered more than $1 billion to small businesses around the country. It is an effort that has taken thousands of colleagues, from every area of the business, working around the clock to design, build, test, launch, scale and serve to participate in one of the largest federal lending programs in history.
" ], "url": "/2020/04/delivering-ppp-loans-to-main-street-small-businesses/", "comment_count": "96 comments", "tags": [], "html": "\n\t\t\tBy David Chubak, Head of U.S. Retail Banking\n\t\t\tApril 29, 2020 10:30 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tIn the first phase of the Small Business Administration's Paycheck Protection Program, we delivered more than $1 billion to small businesses around the country. It is an effort that has taken thousands of colleagues, from every area of the business, working around the clock to design, build, test, launch, scale and serve to participate in one of the largest federal lending programs in history.
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\n\t\t\n\t\t\n\t\tCommunity Development Financial Institutions play a vital role in expanding access to safe and affordable products and services to low-income communities and communities of color. The Citi Foundation greatly values the opportunity to partner with these critically important financial institutions to support their customers, many of whom have been particularly hard hit by the impacts of the COVID-19 pandemic. That's why the Citi Foundation launched a $7.5 million COVID-19 U.S. Small Business Relief Program earlier this month to support efforts by Community Development Financial Institutions (CDFIs) to serve small, diverse entrepreneurs who may not fully qualify for federal government stimulus funding. This includes capacity building grants to expand lending capabilities and operations in response to an unprecedented demand for services.
" ], "url": "/2020/04/using-proceeds-from-the-paycheck-protection-program-to-support-small-businesses-and-cdfis/", "comment_count": "270 comments", "tags": [], "html": "\n\t\t\tBy Brandee McHale, Head of Community Investing and Development at Citi and President of the Citi Foundation\n\t\t\tApril 28, 2020 02:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tCommunity Development Financial Institutions play a vital role in expanding access to safe and affordable products and services to low-income communities and communities of color. The Citi Foundation greatly values the opportunity to partner with these critically important financial institutions to support their customers, many of whom have been particularly hard hit by the impacts of the COVID-19 pandemic. That's why the Citi Foundation launched a $7.5 million COVID-19 U.S. Small Business Relief Program earlier this month to support efforts by Community Development Financial Institutions (CDFIs) to serve small, diverse entrepreneurs who may not fully qualify for federal government stimulus funding. This includes capacity building grants to expand lending capabilities and operations in response to an unprecedented demand for services.
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\n\t\t\n\t\t\n\t\tWe strongly disagree with how The New York Times characterized how we are helping clients across Citi. The parameters of the Small Business Administration's Paycheck Protection Program as written by Congress and signed into law meant that a range of clients -- retail, commercial and the private bank -- were eligible. Each business supporting these clients worked separately on Paycheck Protection Program loans for its customers and there was no preferential treatment.
" ], "url": "/2020/04/citis-statement-on-the-us-paycheck-protection-program/", "comment_count": "No comments", "tags": [], "html": "\n\t\t\tBy Ed Skyler, Head of Global Public Affairs\n\t\t\tApril 23, 2020 04:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tWe strongly disagree with how The New York Times characterized how we are helping clients across Citi. The parameters of the Small Business Administration's Paycheck Protection Program as written by Congress and signed into law meant that a range of clients -- retail, commercial and the private bank -- were eligible. Each business supporting these clients worked separately on Paycheck Protection Program loans for its customers and there was no preferential treatment.
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\n\t\t\n\t\t\n\t\tIn 2019, Oxford Dictionaries declared \"climate emergency\" its Word of the Year. In 2020, as the world responds to the immediate and critical threat of the COVID-19 pandemic, nearly all eyes and minds are, not surprisingly, focused on the health and safety of our loved ones and on the economic challenges that fighting this virus has caused. Yet the important lessons we are learning today from this global health crisis – the need to increase community resilience, collaborate on solutions, and develop data to reduce risk – also apply to the longer-term, but just as potentially perilous, climate crisis.
" ], "url": "/2020/04/reflecting-on-earth-day-during-covid-19/", "comment_count": "1 comment", "tags": [], "html": "\n\t\t\tBy Val Smith, Chief Sustainability Officer\n\t\t\tApril 22, 2020 10:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tIn 2019, Oxford Dictionaries declared \"climate emergency\" its Word of the Year. In 2020, as the world responds to the immediate and critical threat of the COVID-19 pandemic, nearly all eyes and minds are, not surprisingly, focused on the health and safety of our loved ones and on the economic challenges that fighting this virus has caused. Yet the important lessons we are learning today from this global health crisis – the need to increase community resilience, collaborate on solutions, and develop data to reduce risk – also apply to the longer-term, but just as potentially perilous, climate crisis.
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\n\t\t\n\t\t\n\t\tIn the midst of this global pandemic, we remain committed to supporting our clients and community partners to help drive positive social and environmental impact around the world. As we confront the current crisis, we are not only working to manage its short-term impacts, but are preparing for and investing in long-term solutions focused on economic recovery and financial stability.
" ], "url": "/2020/04/environmental-social-and-governance-at-citi/", "comment_count": "No comments", "tags": [], "html": "\n\t\t\tBy Ed Skyler, Head of Global Public Affairs\n\t\t\tApril 21, 2020 08:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tIn the midst of this global pandemic, we remain committed to supporting our clients and community partners to help drive positive social and environmental impact around the world. As we confront the current crisis, we are not only working to manage its short-term impacts, but are preparing for and investing in long-term solutions focused on economic recovery and financial stability.
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\n\t\t\n\t\t\n\t\tAs our leadership team at Citi continues to act quickly and decisively to manage this crisis as best we can, we've been very careful not to fall into a short-term mindset, especially when it comes to our people. We know that if we do, the ramifications of this crisis will long outlast its health and economic consequences. Our summer analyst program is no exception – the program has long been a source of great talent for our firm, is a key component of our efforts to further diversify Citi and is a great source of energy and pride for our firm.
" ], "url": "/2020/04/certainty-in-uncertain-times-welcoming-our-summer-interns-to-citi/", "comment_count": "2 comments", "tags": [], "html": "\n\t\t\tBy Paco Ybarra, CEO of Citi's Institutional Clients Group and Diane Arber, Head of Human Resources for Citi's Institutional Clients Group\n\t\t\tApril 14, 2020 04:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tAs our leadership team at Citi continues to act quickly and decisively to manage this crisis as best we can, we've been very careful not to fall into a short-term mindset, especially when it comes to our people. We know that if we do, the ramifications of this crisis will long outlast its health and economic consequences. Our summer analyst program is no exception – the program has long been a source of great talent for our firm, is a key component of our efforts to further diversify Citi and is a great source of energy and pride for our firm.
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\n\t\t\n\t\t\n\t\tFebruary is Black History Month in the U.S. It is a time to recognize the people and events in history associated with the centuries-long African diaspora. As co-leads of Citi's Black Heritage Affinity, this month has an added significance for us and each member of our 14 Black Heritage Networks. The theme for this year's Black History Month was \"Black Excellence,\" which is why throughout February we celebrated and featured some of the extraordinary contributions and accomplishments made by notable Black leaders both inside and outside of Citi.
" ], "url": "/2020/02/celebrating-black-excellence-at-citi/", "comment_count": "No comments", "tags": [], "html": "\n\t\t\tBy Mark Mason, CFO, and Mike Whitaker, Head of Enterprise Infrastructure Operations & Technology\n\t\t\tFebruary 29, 2020 04:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tFebruary is Black History Month in the U.S. It is a time to recognize the people and events in history associated with the centuries-long African diaspora. As co-leads of Citi's Black Heritage Affinity, this month has an added significance for us and each member of our 14 Black Heritage Networks. The theme for this year's Black History Month was \"Black Excellence,\" which is why throughout February we celebrated and featured some of the extraordinary contributions and accomplishments made by notable Black leaders both inside and outside of Citi.
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\n\t\t\n\t\t\n\t\tMore people have joined the formal financial sector in the last decade than any other period in the history of banking. As recently as 2011, half of the world's population was unbanked. The last official data from the World Bank (2017) shows just under one third of the world's adults (or 1.7 billion people) remained \"unbanked\" or outside the formal financial system.
" ], "url": "/2020/02/banking-the-next-billion-digital-financial-inclusion-in-action/", "comment_count": "3 comments", "tags": [], "html": "\n\t\t\tBy Ronit Ghose, Head, Global Banks Research and Bob Annibale, Global Director, Citi Inclusive Finance\n\t\t\tFebruary 13, 2020 09:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tMore people have joined the formal financial sector in the last decade than any other period in the history of banking. As recently as 2011, half of the world's population was unbanked. The last official data from the World Bank (2017) shows just under one third of the world's adults (or 1.7 billion people) remained \"unbanked\" or outside the formal financial system.
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\n\t\t\n\t\t\n\t\tAs the bank with one of the largest global data infrastructures, which we use to facilitate about $4 trillion of financial flows daily, ensuring that data moves across borders freely and securely has long been a top priority for us at Citi. Recently, The World Economic Forum published a report reinforcing the increasing importance of the free flow of data to our national, regional and global economies. The report also highlighted some specific actions that governments are taking to restrict and constrict those essential flows.
That's why at Citi we welcome the more holistic approach to evaluating rules and regulations concerning the free flow of data in financial services announced this week in Singapore by the U.S. and Singapore governments.
" ], "url": "/2020/02/us-singapore-free-flow-of-data-announcement-represents-an-important-step-forward/", "comment_count": "No comments", "tags": [], "html": "\n\t\t\tBy Candi Wolff, Executive Vice President, Global Government Affairs, Citi\n\t\t\tFebruary 07, 2020 04:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tAs the bank with one of the largest global data infrastructures, which we use to facilitate about $4 trillion of financial flows daily, ensuring that data moves across borders freely and securely has long been a top priority for us at Citi. Recently, The World Economic Forum published a report reinforcing the increasing importance of the free flow of data to our national, regional and global economies. The report also highlighted some specific actions that governments are taking to restrict and constrict those essential flows.
That's why at Citi we welcome the more holistic approach to evaluating rules and regulations concerning the free flow of data in financial services announced this week in Singapore by the U.S. and Singapore governments.
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\n\t\t\n\t\t\n\t\tWe commend Congress for approving the USMCA with a strong bipartisan vote today in the Senate following the strong bipartisan vote in the House late last year. The diverse array of voices that came together to support this deal were crucial to its ultimate success in Congress. As we've served clients doing business across the borders in the U.S., Mexico and Canada, Citi has had a front row seat to the way North American integration makes each of the signatory countries more competitive in the global marketplace. We look forward to Canada taking the final step to ratifying the agreement.
" ], "url": "/2020/01/citi-commends-congress-for-bipartisan-approval-of-usmca/", "comment_count": "3 comments", "tags": [], "html": "\n\t\t\tBy Candi Wolff, Executive Vice President, Global Government Affairs, Citi\n\t\t\tJanuary 16, 2020 04:00 PM\n\t\t
\n\t\t\n\t\t\n\t\t\tWe commend Congress for approving the USMCA with a strong bipartisan vote today in the Senate following the strong bipartisan vote in the House late last year. The diverse array of voices that came together to support this deal were crucial to its ultimate success in Congress. As we've served clients doing business across the borders in the U.S., Mexico and Canada, Citi has had a front row seat to the way North American integration makes each of the signatory countries more competitive in the global marketplace. We look forward to Canada taking the final step to ratifying the agreement.
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\n\t\t\n\t\t\n\t\tCiti's work to champion equality is reflected in our decision to be transparent about the results of our pay equity review and our unadjusted or \"raw\" pay gap.
" ], "url": "/2020/01/update-on-citis-global-pay-equity/", "comment_count": "2 comments", "tags": [], "html": "\n\t\t\tBy Sara Wechter, Head of Human Resources\n\t\t\tJanuary 15, 2020 09:00 AM\n\t\t
\n\t\t\n\t\t\n\t\t\tCiti's work to champion equality is reflected in our decision to be transparent about the results of our pay equity review and our unadjusted or \"raw\" pay gap.
\n\t\t\t\t\t\t\t\t\t\t\t\n\n\t\t\n\t\t\n\t\t\t\n\t\t\t\t 2 comments\n\t\t\t\n\t\t
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