Citigroup

Citi Completes Proof of Concept on Tokenization of Private Markets
Citi Completes Proof of Concept on Tokenization of Private Markets
February 14, 2024  |  Technology

Citigroup has partnered with Wellington Management and WisdomTree to explore the tokenization of private markets. The collaboration successfully completed a proof of concept on the...

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2024 Is Already the Year of the AI-Driven Enterprise Reorganization
2024 Is Already the Year of the AI-Driven Enterprise Reorganization
January 15, 2024  |  Artificial Intelligence

The resolutions many enterprise executives made for the new year likely involved driving new efficiencies. Having navigated the various challenges of 2023’s shifting macroeconomic climate,...

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CE 100 Index Adds 1.1% as Bank Earnings Blunt Gains, iRobot Plummets 20% 
CE 100 Index Adds 1.1% as Bank Earnings Blunt Gains, iRobot Plummets 20% 
January 15, 2024  |  Connected Economy

Friday heralded the official kick off of earnings season, with banks leading the charge. Within the CE 100 Index, gains seen in the work segment...

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Citi Reports $1.8 Billion Net Loss Partly From FDIC Bank Failure Assessment
Citi Reports $1.8 Billion Net Loss Partly From FDIC Bank Failure Assessment
January 12, 2024  |  Earnings

Citigroup reported a net loss of $1.8 billion for the fourth quarter, attributing that in part to several “notable items.” The items include a special...

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Amazon, Citigroup, Xerox, Google and BlackRock See Layoffs in Efficiency Push
Amazon, Citigroup, Xerox, Google and BlackRock See Layoffs in Efficiency Push
January 12, 2024  |  Economy

In the first two weeks of the new year, several prominent companies, including Amazon, Citigroup, Xerox, Google and BlackRock, have announced plans to cut jobs,...

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CE 100 Index Starts Off 2024 With a 2.6% Loss
CE 100 Index Starts Off 2024 With a 2.6% Loss
January 08, 2024  |  Connected Economy

Out with the old and in with the new, as they say. For the CE 100 Index, completing its first (shortened) week of trading, the...

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Bank Execs Expected to Push Back Against Capital Hikes
Bank Execs Expected to Push Back Against Capital Hikes
December 04, 2023  |  Bank Regulation

Bank CEOs are set to appear before the Senate Banking Committee to protest new regulations and capital hikes, arguing that these measures will harm the...

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Citigroup Starts Restructuring to Focus on 5 Business Units
Citigroup Starts Restructuring to Focus on 5 Business Units
November 20, 2023  |  Banking

Citigroup has begun the next phase of its previously announced organizational changes.  “Today we shared with our colleagues the next layer of changes across many...

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Report: FDIC Will Bill Big Banks to Replenish Insurance Fund
Report: FDIC Will Bill Big Banks to Replenish Insurance Fund
November 16, 2023  |  Banking

America’s banking giants are reportedly on the hook for replenishing the government deposit insurance fund. The Federal Deposit Insurance Corp. (FDIC) is going to approve...

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