Nationwide to Acquire Allstate Employer Stop Loss Business for $1.25 bn
January 31, 20254 min
The acquisition will strengthen and diversify Nationwide's portfolio, meeting more of the financial services needs of small businesses
Citi Launches SEPA Instant Payments in Europe
May 5, 20224 min
Citi has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, further increasing the bank’s global Instant Payments offering. The launch will provide clients with the ability to pay to and receive from 36 SEPA countries instantly. The offering allows SEPA Credit Transfers to be made within seconds, 24/7 and funds available to recipients immediately. Payments can be made to and received from SEPA Instant participating banks located anywhere within the...
Global Bank Citi Launches New Futures Algorithm Platform
January 22, 20215 min
Introduces ‘Arrival’ Flagship Intelligent Execution Strategy
Leading Global Bank Citi Unifies Global Wealth Management Business
January 14, 20215 min
“Citi Global Wealth” to Deliver Full Spectrum of Products and Services Globally
Citi’s Institutional Online Banking Platform Earns Top Ranking
January 11, 20217 min
Citi Achieves Top Ranking for Fifteenth Consecutive Year
Citi Named World’s Best Foreign Exchange Bank by Global Finance
November 23, 20203 min
Bank Honored Across a Number of Global and Regional Categories
Citi Launches New Client Reporting Solution
September 23, 20204 min
Citi has launched a new client reporting solution as the latest enhancement to its middle office services. The new reporting service is built on the industry’s latest technology, including the Vermilion Reporting Suite, a leading global client reporting platform, coupled with Citi’s own Clarity data and analytics platform. “This enhancement is the result of significant investments Citi has made in technology and intensive teamwork between Citi and our anchor client,” said Sanjiv Sawhney, Global Head...
Citi partners with Blackrock via investment technology platform
July 13, 20205 min
Citi has entered into an alliance with BlackRock, through its Aladdin® business to enhance the delivery of securities services to Citi’s clients who utilize the Aladdin end-to-end investment management platform. Connecting to Aladdin Provider, Citi will provide outsourced middle office services directly on a client’s instance of Aladdin for seamless integration with their front office, from trade confirmation to post settlement reconciliation. “We are thrilled to join BlackRock’s Aladdin Provider network,” said Sanjiv Sawhney, Global Head...
Citi, acting through Citibank N.A., has been appointed by Amryt Pharma Plc (“Amryt”) – a global, commercial-stage biopharmaceutical company dedicated to commercializing and developing novel therapeutics to treat patients suffering from serious and life-threatening rare diseases – to act as depositary bank for its American Depositary Receipt (“ADR”) programme. Amryt’s American Depositary Shares (“ADS”) trade on the Nasdaq Global Select market under the symbol “AMYT”. Each ADS represents five ordinary shares of the company. Amryt’s...
Citi Appointed as Depositary Bank for Phoenix Tree Holdings Limited’s Sponsored ADR Program
February 1, 20203 min
Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Phoenix Tree Holdings Limited (“Danke”), one of the largest and fastest growing co-living platforms redefining China’s residential rental market through technology, as the depositary bank for its American Depositary Receipts (ADR) program. Danke’s program was established in connection with a $129,600,000 initial public offering of its ADRs (exclusive of the over-allotment option), priced at $13.50 per ADR. The ADRs are listed on the New...