Results tagged as
By Bill Corrado, Director, Public Finance, Municipal Securities Division at Citi December 05, 2016 11:15 AM
Citi’s success lies in its ability to not only deliver for our customers and clients, but also to serve as a trusted partner, investing in long-term, mutually-beneficial relationships. One example is our relationship with the Unified Government of Wyandotte County / Kansas City, Kansas. Spanning almost two decades, the relationship began in the late 1990s with the successful development of the Kansas Speedway and now includes the development of the Village West shopping area, a professional soccer stadium, and, most recently, a professional soccer training and development center.
November 30, 2016 09:15 PM
Citi has been closely monitoring developments related to the Dakota Access Pipeline (DAPL), and we continue to be concerned about the situation. Throughout this process, and consistent with our commitment to sustainability and respect for human rights, we have remained engaged with Energy Transfer Partners and Sunoco Logistics to discuss our concerns and advocate for constructive dialogue with the Standing Rock Sioux Tribe in an effort to come to a resolution.
By Vanessa Colella, Managing Director, Global Head of Venture Investing & Strategic Growth Initiatives November 30, 2016 01:00 PM
“What will the next breakout fintech company be?”
That was a central topic of discussion and debate among the panelists I served with at last month’s Money20/20 conference in Las Vegas, Nevada where thousands of participants convened to exchange views and gain insights into the future of financial services innovation. As Citi’s Global Head of Venture Investing & Strategic Growth Initiatives, I shared my view that the next big fintech company will likely engage many consumers but may never be recognized as a household name, because it will operate largely behind the scenes, creating seamless, reliable experiences for customers.
November 29, 2016 04:00 AM
Eileen Auld, Director, New York Tri-State Market, Citi Community Development
Michael Berkowitz, Managing Director, North America and Global Liquidity Product Head, Citi Treasury & Trade Solutions
Allyson Schlesinger, Managing Director, New York City/New Jersey Market, Global Consumer 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 New York-based leaders to get their perspectives on Citi’s ongoing involvement with the city.
What is your favorite milestone from Citi’s history in New York, and how do we continue to enable progress in the city today?
Mike: New York is where it all began. In 1812, our founders wanted to start a new bank in New York to compete with Philadelphia, Boston and Baltimore in supporting international commerce. After overcoming some challenges, the state legislature provided a charter, and we opened our first office at 38 Wall Street.
By Gregg Bishop, Commissioner, New York City Department of Small Business Services November 14, 2016 10:00 AM
One third of New Yorkers are immigrants, yet they own half of all small businesses in the city.
In the face of language, cultural, financial, and other barriers foreign-born residents face to make those businesses succeed, their rate of entrepreneurship outpaces the general population.
That passion and grit is the hallmark of what makes each immigrant an instant New Yorker – and a welcome addition to our city. Despite this resiliency, there are challenges that remain for many immigrant New Yorkers when they hope to launch a small business.
The New York City Department of Small Business Services (SBS), with the support of Mayor Bill de Blasio, is committed to supporting the entrepreneurial dreams of immigrants, as we do for all New Yorkers. Immigrant entrepreneurs are creating jobs for themselves, their families and communities, which are critical to a vibrant local economy. This is why our department was proud to partner with the mayor and Citi Community Development to launch the Immigrant Business Initiative.
By Micah Heavener, Managing Director, Global Consumer Bank, Citi & Prior Captain, U.S. Army November 11, 2016 10:00 AM
I am one of America’s 21.2 million veterans. I spent the early 2000s as an infantry officer in the U.S. Army. Part of that time included a year in Afghanistan split between Kandahar and Zabul provinces where I served as a liaison to the United Nations and later with my infantry unit. At the end of my rotation, I faced one of the toughest decisions: what’s next?
Like most veterans, as I was making this transition to civilian life, the last thing I wanted was pity. I wanted to continue to contribute, to be part of a team, and help an organization succeed. I knew I could produce if given the opportunity, but I was not sure how my skills and experiences translated into the private sector.
Luckily for me, I joined a company that actively pursues veterans, and offers programs designed to help them start a career and assimilate into the workforce. Citi’s commitment to veterans did more than offer me the chance to contribute – it was a clear signal the company valued what I had to offer and they were willing to invest in me.
By Marcia Saunders, Managing Director, Securities Services, Citi and NASI Senior Sponsor November 08, 2016 10:45 AM
At Citi, we pride ourselves on our diverse culture and on the wide range of programs and employee volunteer opportunities we have to promote diversity and inclusion across the company. The North American Service Initiative (NASI), which partners with local veteran service organizations (VSO’s) to assist veterans and current service members in their local communities, is part of the company-wide Citi Salutes initiative, which connects veterans with Citi’s broad range of services geared to the military community. These services include opportunities for career advancement and partnerships with leading veteran service organizations and innovative banking services.
Founded on Veterans Day in 2010, NASI and its hundreds of volunteers actively provide hands-on support for local veteran causes and programs. Supported by Citi Community Development, NASI has, for example, organized networking mixers for homeless veterans in Jacksonville, Florida, and bike builds in New York. The NASI network encompasses eight U.S. Citi locations and has impacted more than 13,000 veterans to date in 2016. By building relationships and working with local non-profits and VSOs, NASI volunteers have made a difference in their local communities for the past six years.
By Ernesto Torres Cantu, Chief Executive Officer, Citibanamex, and Bob Annibale, Global Director, Citi Inclusive Finance November 02, 2016 10:00 AM
When Citi announced a US$1 billion investment in Citibanamex – proof of Mexico’s significant role in the bank’s global strategy – we made sure that this investment would be sustainable through the creation of a business unit dedicated to financial inclusion.
Mexico’s residents face significant hurdles to financial inclusion. According to the 2015 Financial Inclusion National Survey, while 8 million adults have opened a bank account for the first time, approximately 38 million remain unbanked. That means more than half of the country’s adult population is cut off from the mainstream banking system. As a result, advances in financial technology are not improving economic outcomes. For instance, just 9.5 percent of adults are using mobile banking, even though 75 percent have a mobile phone.
The Mexican government has taken significant and meaningful steps to expand access, especially with the launch of the National Financial Inclusion Strategy. But these steps are enhanced by partnership with the private sector – and Citi’s investment shows our commitment for the long haul and a formal alignment with Mexico’s national plan.
By Sonia Rahm, Citi Community Capital October 27, 2016 11:00 AM
In Los Angeles, city officials, non-profit organizations and Citi recently gathered for the groundbreaking of a large-scale affordable housing project, underscoring the tremendous need for affordable housing in the second largest city in the U.S.
The new development, Mosaic Gardens at Westlake, will include two adjacent buildings composed of 125 units of affordable housing with 63 of the units reserved for formerly homeless individuals and 62 for working families and seniors. Each building will have its own laundry, community room, roof deck, an onsite gym and a central courtyard connecting the two buildings.
In continued support of the growth and development of Los Angeles, Citi is acting as an investor and lender for the Mosaic Gardens project, collectively providing $40.6 million in construction and permanent loans while acting as the project’s sponsor bank with a $1.2 million affordable housing project loan. Developed by LINC Housing, a non-profit affordable housing developer, Mosaic Gardens is designed to achieve LEED Platinum certification and scheduled to be completed next December.
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.