Results tagged as "leadership"

  • Citi Turns 200: Bank deals with financial panics

    October 12, 2012 09:00 AM

    In celebration of Citigroup's 200th Anniversary, we are sharing stories from our rich history here on this blog. The 29th installation below covers how the bank dealt with financial panics in the early 1990s. Read the 28th installment explaining how technological advances in the 1980s improved banking processes and customer service, here.

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  • Citi Ventures' Busy Burr Receives 2012 Innovators Spotlight Award

    October 11, 2012 12:00 PM

    Consulting firm Frost & Sullivan presented Citi Ventures' Busy Burr with its Innovators Spotlight Award for 2012 during its GIL event in California's Silicon Valley. A global community of Growth, Innovation and Leadership, GIL is focused on engaging, sharing, and inspiring a continuous flow of new ideas and fresh perspectives that leverage innovation as a resource to help shape a better future.

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  • U.S. Citizenship as an Economic Asset

    By Bob Annibale, Global Director, Citi Community Development and Microfinance October 05, 2012 02:00 PM

    Sheldon Caplis, Citi Community Development Regional Director, accepts the Migration Policy Institute E Pluribis Unim Corporate Leadership Award from Brad Davidson of the J.M. Kaplan Fund, which underwrites the program

    According to a U.S. Census Bureau report published last week, U.S. real median household income declined between 2011 and 2010 by 1.5% to $50,054 - 8.9% below its peak in 1999. For non-citizen households, median household income is even lower at $37,894. In contrast, median income of naturalized citizen households is $51,926 - 37% higher than non-citizen households and 3.7% higher than the national median income. Numbers and trends don't tell the whole story, but the magnitude of the difference indicates that citizenship is a valuable economic asset and that naturalization leads to opportunities for higher income and achieving other household goals.

    Citi is joining a number of great community partners to empower our nation's aspiring citizens to realize the goal of naturalization and access the economic opportunities associated with citizenship. In the U.S., the application cost of naturalization is $680 (and much higher for those who also pay intermediaries to assist), which is unfortunately beyond the means of many eligible applicants. To overcome this financial obstacle, Citi is supporting important pilot programs that provide microloans, along with legal and application assistance, to help pay for naturalization while enabling borrowers to build credit and increase their access to financial services. In doing so, we are assisting our newest citizens in not only building their national identities, but also their financial identities.

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  • SIFMA Honors David Brownstein with Municipal Division Honor Roll Award

    October 03, 2012 02:00 PM

    We are proud to announce that David Brownstein, Citi's Managing Director and Co-Head of Public Finance for Municipal Securities has been named recipient of the Securities Industry and Financial Market's Association's 2012 Honor Roll Award. The SIFMA award recognizes outstanding service to the municipal securities industry.

    SIFMA sites that David has been instrumental in the industry's work with regulators during his tenure as chair of the SIFMA Municipal Securities Division, which spanned the financial crisis and remains very engaged with the industry and with efforts to promote a sound municipal bond market serving as a guest speaker and lecturer at numerous industry conferences on municipal credit.

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  • American Banker Names Eight Citi Executives to Most Powerful Women in Banking List

    October 01, 2012 03:00 PM

    Today, the American Banker named eight Citi executives to this year's Most Powerful Women in Banking Lists - a record for any one bank in a single year! Celebrating its 10th anniversary, The Most Powerful Women in Banking list highlights 25 of the most powerful women in banking, 25 women to watch and the 25 most powerful women in finance.

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  • NYC Public Libraries and Citi Announce Expansion of MyLibraryNYC Initiative

    By Tony Marx, President and Chief Executive Officer, The New York Public Library September 28, 2012 04:00 PM

    The New York Public Library, together with the library systems of Brooklyn and Queens, is happy to announce the expansion of MyLibraryNYC, a groundbreaking program that brings together the public schools and public libraries throughout New York City, which is made possible by funding from Citi and the New York City Department of Education.

    All of the City's 1.1 million public school students, and their teachers--beginning with 400 schools this year alone--will have access to the 17 million books and other materials in the public libraries' collections through a comprehensive new online catalog available in every school. While still in school, students will be able to reserve any book in the public library collections and have it delivered to their local branch library, and for the first time, teachers throughout the City will be able to have books delivered from the public library collections directly to them in their schools.

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  • Citi Unveils Sole-Branded Credit Cards in China

    By Andrew Au, Chairman and CEO, Citi China September 28, 2012 09:00 AM

    (l to r): Jeff Liao, Country Manager of Visa China; Hu Ying, Assistant President of China UnionPay; Andrew Au, Chairman & Citi China CEO; Stephen Bird, Citi Asia Pacific CEO; Jonathan Larsen, Global Head of Retail Banking & Head of Consumer Banking, Citi Asia Pacific; Simon Chow, Head of Consumer Bank, Citi China; Mark Chiu, China Head of Credit Card and Unsecured Personal Loans; Walt M. Macnee, Vice Chairman, MasterCard Worldwide

    On Aug. 21, we announced the issuance of Citi's sole-branded credit card in China, becoming the first global bank in China to do so. Citi is the largest credit card issuer in the world and we expect China to be the world's largest credit card market by the end of the decade. We were the first foreign bank to enter the retail banking market in China in 2002, and Citi is deeply committed to China. With the Citi credit card, we are now in a better position to provide our customers in China a full suite of products and services to meet their spending needs and help with their financial planning.

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  • Citi Turns 200: Internationalizing Senior Management

    September 21, 2012 09:00 AM

    In celebration of Citigroup's 200th Anniversary, we are sharing stories from our rich history here on this blog. The 27th installation below covers how John Reed helped internationalize senior management. Read the 26th installment explaining how the credit card business revolutionized banking, here.

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  • Architect of the New Citi: The Business Times Interviews Citi CEO Pandit

    September 17, 2012 04:15 PM

    In a recent interview with Singapore's The Business Times, Citi's CEO Vikram Pandit talks to Vikram Khanna about the re-making of Citigroup after the global financial crisis. In this interview, CEO Pandit discusses how Citi's leadership team have refocused the institution on its core strengths and have made it a smaller, simpler, safer, and stronger organization. CEO Pandit also explains how Citi has embarked on a cultural transformation based on the concept of "Responsible Finance," Citi's support for regulatory changes taking place, and Citi's roadmap of focusing on emerging markets, urbanization, and digitization.

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  • Citi CEO Pandit Discusses Banking Basics, Eurozone and More

    September 11, 2012 09:00 AM

    During his recent trip to Asia Pacific, Citi CEO Vikram Pandit appeared on Australia's "Inside Business" to discuss issues that included responsible finance, getting back to banking basics, the Eurozone and serving clients. Watch the interview in full, here.

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