Latest news with #citi
Yahoo
13 hours ago
- Business
- Yahoo
Citigroup Announces $650 Million Redemption of Floating Rate Notes Due 2026
NEW YORK, June 16, 2025--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $650,000,000 of its Floating Rate Notes due 2026 (the "notes") (ISIN: US172967MB43). The redemption date for the notes is July 1, 2025 (the "redemption date"). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date. The redemption announced today is consistent with Citigroup's liability management strategy and reflects its ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup will continue to consider opportunities to redeem or repurchase securities, based on several factors, including without limitation, the economic value, regulatory changes, potential impact on Citigroup's net interest margin and borrowing costs, the overall remaining tenor of Citigroup's debt portfolio, capital impact, as well as overall market conditions. Beginning on the redemption date, interest will no longer accrue on the notes. Citibank, N.A. is the paying agent for the notes. For further information on the notes, please see the related prospectus supplement at the following web address: About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at | X: @Citi | LinkedIn: | YouTube: | Facebook: View source version on Contacts Media:Danielle Romero Apsilos212 816 Fixed Income Investors:Peter Demoise212 559
Yahoo
15-04-2025
- Business
- Yahoo
Citigroup Announces Full Redemption of Series P Preferred Stock
NEW YORK, April 15, 2025--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $2 billion aggregate liquidation preference of Series P Depositary Shares representing interests in its 5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series P (the "Preferred Stock"). The redemption date is May 15, 2025, for the Preferred Stock and related Depositary Shares (the "Redemption Date"). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. Holders of record on May 5, 2025, will receive the previously declared regular semi-annual dividend of $29.75 per Depositary Share payable on the Redemption Date. The redemption announced today reflects Citigroup's ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup's redemptions are based on several factors, including without limitation, the economic value, regulatory changes, potential impact on Citigroup's net interest margin and borrowing costs, the overall remaining tenor of Citigroup's debt portfolio, capital impact, as well as overall market conditions. Beginning on the Redemption Date, the Depositary Shares representing the redeemed Preferred Stock will no longer be outstanding and dividends will no longer accrue on such securities. Computershare Trust Company, N.A. ("Computershare") is the paying agent for the Depositary Shares. The paying agent's address is Computershare Trust Company, Attn: Corporate Actions, 150 Royall Street, Suite 101, Canton, MA 02021. Questions relating to the notice of redemption and related materials should be directed to Computershare via telephone at 1-888-250-3985. For further information on the Preferred Stock and the related Depositary Shares, please see the prospectus at the following web address: About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at | X: @Citi | LinkedIn: | YouTube: | Facebook: View source version on Contacts Media Contact:Danielle Romero Apsilos212 816 Fixed Income Investor Contact:Peter Demoise212 559 Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Citigroup Reports First Quarter 2025 Results
NEW YORK, April 15, 2025--(BUSINESS WIRE)--Today Citigroup reported first quarter 2025 results, which can be found on its website at A Quarterly Financial Data Supplement with additional financial, statistical and business-related information, as well as business and segment trends, is also available. Citi will host a conference call today at 11 a.m. (ET) to review these results. To attend the live webcast, please visit A replay and transcript of the webcast will be available shortly after the event. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at | X: @Citi | LinkedIn: | YouTube: | Facebook: View source version on Contacts Media: Danielle Romero Apsilos (212) 816-2264Investors: Jennifer Landis (212) 559-2718 Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
Raymond Gatcliffe appointed Country Officer and Chief Executive Officer for Citibank Canada
Citigroup Inc. (NYSE: C) TORONTO, April 10, 2025 /CNW/ - Raymond Gatcliffe has been appointed Country Officer and Chief Executive Officer for Citibank Canada, effective April 1, 2025. He succeeds John Hastings who will stay on as a member of the Citibank Canada Board of Directors. Gatcliffe will be responsible for the in-country execution of the bank's strategy to be the preeminent banking partner for institutions with cross-border needs and a global leader in wealth management. He will also be responsible for the delivery of the firm-wide transformation in Canada, fostering successful client relationships at all levels of the organization, and protecting and enhancing Citi's reputation in the country in addition to being the main regulatory representative for Citi in Canada. Gatcliffe has 30 years of banking experience with Citi across several regions and roles. Prior to this appointment, he was based in New York as the North American Head of Citi's Commercial Bank. Raymond has also led Citi's Commercial Bank in Europe, the Middle East and Africa based in London and Citi's Regional Corporate and Investment Banking business for Central America and the Caribbean based in Miami. He first began his career at Citi Trinidad in 1994. "Having spent some of my formative years living here, I am thrilled to be back in Canada leveraging my experience with Citi in leading our franchise," said Gatcliffe. "With roots in Canada dating back to 1919, our firm sees this as a key franchise in its global network. Canadian companies are internationally focused and we look forward to continuing to support them with Citi's leading global products and network." Citi provides corporations, governments, investors and institutions with a broad range of financial products and services - and employs more than 3,200 people, making it one of the largest foreign bank employers in Canada. The company has offices in Toronto, Mississauga, Montreal, Calgary and Vancouver. Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at | X: @Citi | LinkedIn: | YouTube: | Facebook: SOURCE CITIBANK CANADA View original content to download multimedia: Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
Citigroup Announces $3.5 Billion Redemption of 3.106% Fixed Rate/Floating Rate Notes Due 2026
NEW YORK, April 03, 2025--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $3,500,000,000 of its 3.106% Fixed Rate / Floating Rate Notes due 2026 (the "notes") (ISIN: US172967MQ12). The redemption date for the notes is April 8, 2025 (the "redemption date"). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date. The redemption announced today is consistent with Citigroup's liability management strategy and reflects its ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup will continue to consider opportunities to redeem or repurchase securities, based on several factors, including without limitation, the economic value, regulatory changes, potential impact on Citigroup's net interest margin and borrowing costs, the overall remaining tenor of Citigroup's debt portfolio, capital impact, as well as overall market conditions. Beginning on the redemption date, interest will no longer accrue on the notes. Citibank, N.A. is the paying agent for the notes. For further information on the notes, please see the related prospectus supplement at the following web address: About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at | X: @Citi | LinkedIn: | YouTube: | Facebook: View source version on Contacts Media Contact:Danielle Romero Apsilos212 816 Fixed Income Investor Contact:Peter Demoise212 559 Sign in to access your portfolio
