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Citibank
Banking & finance
Citi, HSBC eye mass affluent in S’pore with branch pivots, new offerings
Citibank will close its last “transactional” branch in Singapore, while HSBC has announced the largest update to its Premier and Premier Elite offerings in over two decades.
October 03, 2024
Banking & finance
Citibank to shut last ‘transactional’ branch in S’pore next month as it eyes wealthy customers
The bank will offer some in-person services at its three wealth management centres during this transition.
September 26, 2024
Anti-money laundering
MAS launches information-sharing platform to combat financial crime; six commercial banks participate
The platform, named COSMIC, allows FIs to share customer information if there are “red flag” behaviours.
April 01, 2024
New appointments
Former JP Morgan global investment banking head joins Citi as head of banking and executive vice chair
He is expected to join the bank in the summer, announced CEO Jane Fraser on Feb 26.
February 27, 2024
Banking & finance
Citi to cut 20,000 roles in Fraser’s bid to boost returns
CEO Jane Fraser is cutting management layers from 13 to 8
January 13, 2024
Banking & finance
Citigroup cuts over 300 senior manager roles in latest restructuring
The company started announcing the cuts. which affect staffers two levels below CEO Fraser’s executive management team, on Monday
November 20, 2023
Investing strategies
Time ripe for family offices to get alternatives allocation right in portfolios
Alternative asset managers are proactively trying to diversify their investor base
November 16, 2023
Banking & finance
Singapore says 2.5 mil transactions failed in DBS, Citi outage
Up to 810,000 attempts to access both digital banking platforms were estimated to have failed during the Oct 14 disruption
November 06, 2023
Banking & finance
Singapore's DBS, Citi suffer service outage on data centre issue
The latest disruption follows delays experienced by DBS customers last month.
October 14, 2023
Disruption and Digitalisation
Citi Securities Services becomes first digital custodian on world's first fractional bond exchange
Citi’s partnership with BondbloX Bond Exchange allows clients to trade fractionalised and full-sized bonds almost immediately.
September 15, 2023