Results tagged as "global"

  • Citi Recognized as one of the Most Community-Minded Companies in the U.S. for 5th Year in a Row

    By Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship, Citi June 21, 2017 12:00 PM

    Fresh off an inspiring 12th annual Global Community Day earlier this month, we are honored to be recognized as one of the most community-minded companies in the U.S. for the 5th year in a row by the Civic 50, an initiative of the national nonprofit Points of Light as determined by an annual survey, The Civic 50 celebrates best practices in corporate citizenship and showcases how companies can use their time, skills and other resources to improve the quality of life in the communities where they do business. Citi is one of only 15 companies that has earned the distinction of having made the list for the past five years, since the survey began.

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  • Citi Disappointed by Decision to Withdraw from Paris Agreement

    By Ed Skyler, Executive Vice President for Global Public Affairs, Citi June 02, 2017 11:00 AM

    We were outspoken in our support for the U.S. to remain in the Paris Climate Agreement and are disappointed President Trump chose to leave the pact. We remain very focused on our own efforts to protect the environment, most notably our commitment to finance $100 billion in clean energy, infrastructure and technology projects which will help build a more sustainable economy.

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  • Citi Highlights from the 2017 Milken Institute Global Conference

    May 17, 2017 11:45 AM

    2017 marked the 20th Anniversary of the Milken Institute Global Conference. This year’s conference theme, “Building Meaningful Lives,” prompted panelists to discuss and debate a variety of technical, political and economic solutions that minimize social disruptions and provide people with more purposeful futures. As a strategic sponsor of the Milken Institute, Citi proudly contributed throughout the conference to a wide range of discussions on timely topics including global trade, global M&A, Big Data and Digital Innovation.

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  • Citi’s 12th Annual Global Community Day: Why Citi Volunteers

    By Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship, Citi May 12, 2017 12:30 PM

    I volunteer because making someone’s day by giving a bit of yourself never gets old.

    This is just one of the many reasons why I’m joining tens of thousands of Citi colleagues, along with family and friends, on Saturday, June 10 for Citi’s 12th annual Global Community Day. For over a decade, we’ve marked this day of service around the world by donating our time, skills and expertise to make a positive impact in the communities where we live and work. Side by side with our community partners, we will once again help tackle a range of pressing challenges in our cities, from feeding the hungry to prepping young people for job interviews to planting trees on a neighborhood block. Last year, I helped one of our Pathways to Progress youth experience the joy (and wobble) of a new bike, which I assembled with my family at Citi Field. This year, I’m looking forward to another chance to help make a difference.

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  • Making a Difference in Uganda: Citi’s Global Volunteer Africa Team

    By Manolo Falco, Corporate & Investment Banking Head, EMEA April 21, 2017 09:00 AM

    Last year, Citi launched Volunteer Africa, an initiative to help entrepreneurs grow their businesses, create jobs and build sustainable livelihoods in poor communities in select parts of Africa.

    Following the success of the 2016 pilot program in Kenya, which originated in the Corporate and Investment Bank in EMEA, Volunteer Africa has expanded this year to include junior bankers in Corporate and Investment Banking and Capital Markets Origination globally.

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  • The Future of Banking is Already Here

    By Carey Kolaja, Chief Product Officer, Citi FinTech January 13, 2017 03:00 PM

    How will banking change in 2017 to keep up? Here are the three biggest areas to watch for.

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  • Why Sustainable Urban Development Needs Better Finance

    October 18, 2016 02:00 PM

    By Mark Watts, Executive Director of C40, Ani Dasgupta, Global Director of WRI Ross Center for Sustainable Cities, and Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship at Citi

    This week in Quito, Ecuador, international leaders have gathered in support of the New Urban Agenda, which lays the groundwork for improving the lives of more than half of the world’s population. Habitat III follows the historic adoption of the Sustainable Development Goals in September 2015 and the Paris Agreement on climate change in December 2015, marking the logical next step to set the world on a pathway towards more inclusive, sustainable, and thriving cities.

    Mayors are key actors in delivering the local action necessary to achieve the targets set in Paris and deliver the New Urban Agenda. Yet, as was highlighted by yesterday’s launch of the C40 Cities Climate Leadership Group (C40) Call for Action on Municipal Infrastructure Finance, mayors face many challenges in delivering sustainable urban development, particularly acute financing challenges. In an environment of constrained municipal budgets, we need to unlock additional funding and finance to deliver sustainable services to the growing urban population.

    That’s why C40, WRI Ross Center for Sustainable Cities, and the Citi Foundation have joined other sustainable urban finance leaders at Habitat III in Quito to emphasize the critical role of finance in delivering a truly sustainable future. It is time to focus on how local and national governments, financial institutions, and the private sector can work together to mobilize the trillions of dollars of investment needed to turn ambition into action.

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  • Citi Leaders Named to American Banker's 2016 “Most Powerful Women in Banking” List

    By Terry Hogan, Global Head of Diversity and Director, Talent Management, Citi September 28, 2016 08:30 AM

    Today, American Banker magazine announced its 2016 "Most Powerful Women in Banking" lists. Once again, Citi made a strong showing. All of these talented leaders are not just vital to our businesses - they are also among the most respected bankers in our industry and play an integral role in our businesses and communities. Congratulations to all on this wonderful honor, we are fortunate and very proud to have them.

    • Julie Monaco, Global Head of Public Sector Group and Head of Know Your Client and Anti Money Laundering Operations for Corporate and Investment Banking, featured in the “25 Most Powerful Women in Finance” list.

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  • Collaborating with the Startup Ecosystem

    By Arvind Purushotham and Ramneek Gupta, Managing Directors and Co-Heads of Venture Investing, Citi Ventures August 09, 2016 04:00 PM

    Jennifer Fitzgerald, Founder & CEO of PolicyGenius; Sunil Hirani, Co-Founder & CEO of TrueEx; Simon Moss, CEO of Pneuron; Alexa von Tobel, Founder & CEO of LearnVest; Arvind Purushotham, Managing Director & Co-head of Venture Investing at Citi Ventures

    Today’s pace of technological change calls for a radically open approach to innovation, and both startups and established companies have a lot to learn from one another. To further facilitate this important dialogue, Citi Ventures invited 25 of the most innovative startups in the global entrepreneurial ecosystem to join some of Citi’s top executives, including Citi CEO Mike Corbat, for a unique opportunity to exchange ideas and experiences.

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  • “Doing Good While Doing Well” is the Mantra for SDG Success

    By Jay Collins, Vice Chairman, Corporate & Investment Bank, Citi July 18, 2016 01:30 PM

    Global and local capital markets have powerful potential as development funding tools and offer the world the ability to move beyond traditional development assistance and philanthropy to structures and solutions that leverage public funding and crowd-in the private sector (OECD/WEF, 2015). With myriad structures, themes and formats, capital markets have the scale, depth and potential to reach far beyond the current multi-billion dollar development funding level. Largely because of their size, they can drive the move called for by World Bank’s President Jim Yong Kim (2015), “from billions to trillions”.

    Perhaps the most important example of the underutilised potential of capital markets lies in the infrastructure funding gap, which exists in both emerging and developing economies. The world spends approximately USD 3.3 trillion per year on infrastructure (Dobbs et al., 2013: 10), with the bulk of this funded directly by governments on their balance sheets, despite debt and deficit limitations; only some USD 400 billion is contributed annually through project finance markets, in the form of non-recourse loans and/or bonds that are paid from cash flows from the project rather than the balance sheets of its sponsors (Dealogic, M&A Analytics database). With Basel III and Solvency II constraints, which impose more stringent capital requirements on financial institutions and insurance companies, this predominantly bank-funded market will not grow meaningfully unless solutions are found to push more infrastructure financing into global and local capital markets. Currently, only USD 30-50 billion of project bonds are completed annually, which makes global bond markets only a small fraction of the infrastructure funding pie (ibid.).

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