Results tagged as "us"

  • Providing Vital Services to Homeowners in Puerto Rico

    By Guillermo Gómez, Citi Puerto Rico Country Officer, and Lily Lopez, Senior Vice President, Citi Community Development June 27, 2017 04:00 PM

    In the U.S., unemployment is low and economic growth is on the rise. Unfortunately, the same can’t be said about the current state of economic affairs in Puerto Rico, where 11 percent unemployment[1], declining wages[2] and the looming prospect of a $70 billion debt default have touched every aspect of daily life for citizens of the Commonwealth of Puerto Rico.

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  • Citi Invests in the Aimee Copeland Foundation

    By Bill Johnson, EVP, Managing Director, Global Consumer Bank June 05, 2017 12:00 PM

    I’ve worked at Citi for nearly 20 years now and most of my days are fairly routine, filled with meetings, conference calls, presentations, and the myriad tasks it takes to run a successful business. In the course of my career I’ve had the privilege of meeting with thousands of business leaders, government officials, employees, and customers. Each one has a story, but some, like Aimee Copeland’s, leave a lasting impression. While Aimee wasn’t someone I would have likely crossed paths with at work, I was — along with many others —very familiar with her story.

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  • Leveraging the Buying Power of Cities: New City Accelerator Uses Innovation to Increase Procurement and Economic Opportunity

    By Ben Hecht, President and CEO, Living Cities and Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship, Citi May 11, 2017 01:00 PM

    Accelerating economic development remains one of the top priorities for mayors around the country, with an increasing focus on intentionally targeting socioeconomic issues, such as income inequality. Seventy-five percent of mayors highlighted economic development in their 2016 State of the City address, according to the National League of Cities, with 22 percent looking specifically at providing greater support to small businesses and 17 percent mentioning businesses owned by women and people of color.

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  • Environmental and Social Risk Management (ESRM) Policy Updates

    May 09, 2017 04:00 PM

    We recognize the importance of the issues and concerns that have been raised as a result of Citi’s financing of the Dakota Access Pipeline (DAPL). The project has led to extensive internal evaluation of our Environmental and Social Risk Management (ESRM) Policy and, as our CEO Michael Corbat said at our annual shareholder meeting in April, Citi is committed to improving our approach to evaluating human rights issues, with a specific focus on Indigenous Peoples.

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  • Our Review of the Dakota Access Pipeline Project and What's Ahead

    April 27, 2017 12:00 PM

    Citi is one of the 17 banks that financed the Dakota Access Pipeline (DAPL) project — an underground oil pipeline in the U.S. from North Dakota to Illinois. Construction of the pipeline raised concerns and spurred protests by indigenous peoples and environmentalists as well as many others who were concerned about the project and its potential impact. Citi recognizes the importance of the issues they have raised and will learn from this experience to improve our approach to due diligence on social risk, including on issues related to indigenous peoples.

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  • Community Progress Makers: Support that Fuels Impact and Transformative Change

    By Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship, Citi April 18, 2017 04:00 PM

    Community-based organizations have been at the forefront of transforming cities, block by block, neighborhood by neighborhood, acting as both spring boards to economic opportunity and critical safety nets for low-income people and communities. However, to accelerate the pace of transformative impact in our cities, these change-agents need more than financial support for specific programs.

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  • Connecting Experiences in Austin

    By Linda Duncombe, Chief Marketing Officer, Citi FinTech March 31, 2017 10:00 AM

    Citi FinTech participated in the interactive portion of the annual South by Southwest (SXSW) conference in Austin, Texas for the first time this year, descending on this marquee technology conference to drive awareness of Citi’s Open Banking strategy and socialize our platform, the Citi Developer Hub, among developers and the tech community.

    The FastCompany panel, featuring Linda & Sima Gandhi from Plaid

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  • Hello, Boston

    March 07, 2017 12:30 PM

    Carmen Monks, Managing Director, Citi Private Bank
    Jim Nolan, Managing Director, Institutional Clients Group - Securities and Fund Services
    Peter Smith, Director, Citi Commercial Bank

    The City Profiles series is dedicated to highlighting Citi’s history in some of our key markets around the world. We spoke to three Boston-based leaders to get their perspectives on Citi’s ongoing involvement with the city.

    What is your favorite milestone from Citi’s history in Boston, and how do we continue to enable progress in the city today?

    Jim: In 2000, we served as sole manager on an offering of taxable project revenue bonds and developed a preliminary financing plan for Gillette Stadium, home of the New England Patriots.

    As a result, we like to think Citi played a role in laying the foundation for some great accomplishments by the Patriots – five National Football League Super Bowl championships, including our most recent victory against the Atlanta Falcons! Similar to the strong performance of the New England Patriots over the years, Citi is committed to excellence and continues to build momentum in our effort to provide a range of banking and investment services to institutional investment managers and corporate clients in Boston.

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  • Citi’s Letter to Investors Regarding the Dakota Access Pipeline

    March 07, 2017 10:15 AM

    The following was sent in response to a letter from investors regarding the Dakota Access Pipeline.

    We appreciate the opportunity to engage with our investors on important issues such as this one. We would like to provide you with some background on our due diligence practices, engagement activities, and how we have sought to use our leverage in this difficult situation.

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  • How Technology is Empowering Students in Chicago to Build Bright Financial Futures

    By George Wright, Midwest Region Director, Citi Community Development February 06, 2017 12:00 PM

    Research shows that one of the primary reasons students do not enroll or fail to complete college, even after they have already been accepted, is an inability to manage the newfound financial stresses associated with higher education.

    College tuition has eclipsed median incomes, rising even as salaries have remained stagnant. But the value of a college degree remains significant, as college-educated workers earn 70% more than non-college-educated peers.

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