Citi is a global financial services company that operates through five main business segments, providing a wide range of financial products and services . The company offers cash management, trade, working capital solutions, securities services, sales and trading services, investment banking, corporate lending, traditional banking services, and wealth management . Citi's diversified business model and global network enable it to maintain leadership positions in key areas and drive revenue growth across its segments .
- Services - Provides cash management, trade, working capital solutions, and securities services through Treasury and Trade Solutions (TTS) and Securities Services .
- Treasury and Trade Solutions (TTS) - Offers cash management and trade solutions.
- Securities Services - Delivers securities services and working capital solutions.
- Markets - Offers sales and trading services across various asset classes, including equities and fixed income, with a focus on maintaining leadership in fixed income .
- Banking - Encompasses Investment Banking and Corporate Lending, supporting client capital-raising needs and strategic financing solutions .
- U.S. Personal Banking (USPB) - Includes Branded Cards and Retail Services, providing traditional banking services and contributing to consistent revenue growth .
- Branded Cards - Offers credit card services.
- Retail Services - Provides traditional banking services.
- Wealth - Serves affluent and high-net-worth clients with a range of financial services, expected to grow at a high single-digit to low double-digit CAGR .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Titi Cole ExecutiveBoard | Director | Datadog, Inc. (Board Member), Sickle Cell Hope Alive Foundation (Executive Director of Development) | Titi Cole is a Director at Citigroup as of January 31, 2025, previously serving as Head of Legacy Franchises. | |
Jane N. Fraser Executive | CEO | Council on Foreign Relations (Board Member), Harvard Business School (Board of Dean’s Advisors), Stanford Advisory Board (Member) | Jane Fraser is the CEO of Citigroup Inc. since March 2021, with extensive experience across Citigroup’s business segments and recognized for her leadership in governance, regulatory interaction, and risk management. | View Report → |
Mark A. L. Mason Executive | CFO | N/A | Mark Mason is the CFO of Citigroup, having joined in 2001. He has held various senior roles within Citigroup, including CEO of Citi Private Bank and CFO of Citi’s Institutional Clients Group. | |
Patrick Scally Executive | Interim Controller | N/A | Patrick Scally is the Interim Controller of Citigroup since September 2024, having been with the company since 1992. | |
Robert Walsh Executive | Interim Chief Accounting Officer | N/A | Robert Walsh is the Interim Chief Accounting Officer of Citigroup since September 2024, with over two decades of experience at Citigroup. | |
Barbara J. Desoer Board | Director | DaVita Inc. (Board Member), InStride (Advisory Board Member) | Barbara Desoer has been a Director of Citigroup since 2019, with over 40 years of experience in financial services, including a 35-year career at Bank of America. | |
Casper W. von Koskull Board | Director | Heimstaden Bostad Ab (Chairman), Fazer Ab (Chairman), Stena Ab (Board Member) | Casper von Koskull has been a Director of Citigroup since January 2023, with over 35 years of experience in institutional and international finance. | |
Diana L. Taylor Board | Director | Brookfield Corporation (Director), Accion (Chair of the Board), Columbia Business School (Board of Overseers) | Diana Taylor has been a Director of Citigroup since 2009, with extensive experience in financial services and regulatory compliance. | |
Duncan P. Hennes Board | Director | RenaissanceRe Holdings Ltd. (Board Member) | Duncan Hennes has been a Director of Citigroup since 2013, with extensive experience in risk management, financial services, and corporate governance. | |
Ellen M. Costello Board | Director | The Economic Club of Chicago (Member) | Ellen Costello has been a Director of Citigroup since 2016, with extensive experience in financial services, risk management, and regulatory compliance. | |
Gary M. Reiner Board | Director | Hewlett Packard Enterprise Company (Board Member) | Gary Reiner has been a Director of Citigroup since 2013, with expertise in technology, cybersecurity, and data management. | |
Grace E. Dailey Board | Director | N/A | Grace Dailey has been a Director of Citigroup since 2019, with 36 years of experience as a banking regulator, focusing on risk management and regulatory compliance. | |
James S. Turley Board | Director | Emerson Electric Co. (Board Member), Northrop Grumman Corporation (Board Member), Precigen, Inc. (Board Member) | James Turley has been a Director of Citigroup since 2013, with expertise in financial reporting, corporate governance, and risk management. | |
John C. Dugan Board | Chair of Citigroup Inc. | Mitsubishi UFJ Financial Group, Inc. (Global Advisory Board Member), University of Michigan’s “Michigan in Washington” Program (Advisory Board Member) | John Dugan has been Chair of Citigroup Inc. since January 2019, with a background in regulatory, legal, and compliance matters. | |
Peter B. Henry Board | Director | Nike, Inc. (Board Member), Analog Devices, Inc. (Board Member), National Bureau of Economic Research (Board Member) | Peter Henry has been a Director of Citigroup since 2015, providing insights on emerging markets and international business. | |
Renée J. James Board | Director | Ampere Computing (Founder, Chair, and CEO), Oracle Corporation (Board Member) | Renée James has been a Director of Citigroup since 2016, with a background in technology leadership and cybersecurity. | |
S. Leslie Ireland Board | Director | The Stimson Center (Board Member), Chubb Insurance (Cyber Advisory Board Member), KnightSwan Acquisition Corp. (Director) | S. Leslie Ireland has been a Director of Citigroup since 2017, with expertise in financial intelligence, cybersecurity, and risk management. |
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Given the progress you've made on the transformation and regulatory consent orders, why did you receive an amended consent order related to data quality and regulatory reporting, and is this an issue of insufficient resources or needing to change your approach?
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You mentioned that you closed a BSA/AML order this quarter, yet concerns remain about your data quality and regulatory reporting; can you clarify whether these issues are impacting your ability to serve clients or causing any operational disruptions?
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With your stock trading at $64 compared to a tangible book value of $90, why aren't you being more aggressive in repurchasing shares, especially given the disconnect between your performance and stock price?
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In light of concerns about judicial reform in Mexico and the potential negative impact on Banamex's valuation, how do you plan to proceed with the IPO, and are you prepared to delay it if market conditions don't improve?
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Despite improvements in net interest income in certain areas, you've guided for NII ex-markets to be roughly flat sequentially and slightly down for the full year; what's driving this headwind, and how do you plan to address it going forward?
Citations: The auditor, KPMG LLP, has served as Citigroup's auditor since 1969. **[0000831001-24-000033_c-20231231.htm:211]**
Recent press releases and 8-K filings for C.
- Bullish plans to raise $629.3 million by offering 20.3 million shares at $28–$31 each, targeting a valuation of up to $4.23 billion.
- J.P. Morgan, Jefferies and Citigroup are lead underwriters for the IPO.
- The company estimates Q2 2025 net income of $106–$109 million, following a $349 million loss in Q1 2025 and an $80 million profit in 2024.
- Backed by Peter Thiel, Bullish will convert a significant portion of IPO proceeds into U.S.-dollar stablecoins and is regulated in the U.S. and Germany, targeting institutional clients.
- This IPO marks Bullish’s second attempt to go public after calling off a $9 billion SPAC merger in 2022.
- Citi re-entered the high-end credit card segment with a new “affordable luxury” card offering simple, flexible benefits, a high earn rate and partnerships (e.g., American Airlines) to appeal to savvy affluent users.
- Citi’s overall credit card business grew at 11% year-on-year in Q2, driven by acquisitions, spend and borrowing within a revenue pool exceeding $150 trillion.
- Citi reports sustained US consumer resilience, with spend up 4%, income sources outpacing inflation and net credit losses declining year-on-year for the first time since H2 2022.
- The Board authorized 108,000 shares of 6.875% Fixed Rate Reset Noncumulative Preferred Stock, Series GG, with par value $1.00, under the Certificate of Designations dated July 16, 2025.
- Citigroup is offering 2,700,000 depositary shares, each representing a 1/25 interest in a Series GG preferred share, with $25,000 liquidation preference per preferred share and $2.7 billion aggregate liquidation preference.
- Dividends accrue at 6.875% per annum, payable quarterly through August 15, 2030; thereafter they reset every five years to the five-year U.S. Treasury rate plus 2.890%, beginning November 15, 2030.
- The depositary shares will be issued under a July 23, 2025 deposit agreement with Computershare Inc. and Computershare Trust Company, N.A., and sold to underwriters led by Citigroup Global Markets Inc..
- Analyst warns investors are too myopic, focusing on daily headlines and overlooking that the financial sector is trading at all-time highs.
- Citigroup is highlighted as the leading turnaround story under CEO Jane Fraser, benefiting from streamlined operations and renewed investment banking talent.
- The stock, trading around $92–93, could reach a technical target of $110 by year-end, according to the analyst’s outlook.
- Institutional investors remain behind, with significant capital still on the sidelines expected to chase market performance in coming months.
- A Federal Reserve rate cut is anticipated, but likely not until September, despite some calls for a July move.
- Citigroup is exploring issuing its own stablecoin via the Citi Token Services platform to enhance digital payments and expand its role in cryptocurrencies.
- CEO Jane Fraser highlighted the bank’s commitment to innovation in tokenized treasury and liquidity management across multiple markets.
- The initiative encompasses plans for tokenized deposits and custody solutions for crypto assets as part of a broader transformation agenda.
- Industry projections signal the stablecoin market could reach $1.6 trillion–$3.7 trillion by 2030, driven by anticipated supportive regulation.
- Shares briefly hit their highest level since 2008 following Q2 results and the announcement of at least a $4 billion share buyback.
- Citigroup reported Q2 net income of $4.0 B, EPS $1.96, ROTCE 8.7% on revenues of $21.7 B, up 8% YoY.
- Returned $3 B of capital to common shareholders in Q2 (including $2 B share repurchases) and $3.75 B YTD under its $20 B repurchase plan; CET1 ratio was 13.5%, 140 bps above requirement.
- Declared a $0.60 per share quarterly dividend effective Q3 and raised full-year 2025 revenue guidance to the high end of $84 B, with expenses around $53.4 B.
- Revenue growth across core segments: Services +8%, Markets +16%, Banking +18%, Wealth +20%, USPB +6%.
- Citigroup strategist Scott Chronert says the market is shifting focus from Q2 earnings to 2026 earnings acceleration driven by tariff and policy developments.
- He views tariffs as a margin issue, forecasting an average rate above 10% that will weigh on second-half earnings.
- Potential political moves against the Fed chair could create short-term shocks, but AI-driven infrastructure growth underpins equity resilience.
- With five-year earnings growth expectations at high levels, volatility may rise, yet fundamentals support buying pullbacks in the S&P 500.
- Citigroup will fully redeem €1.75 billion of fixed/floating rate bonds at 1.500% due 2026 on July 24, 2025 (ISIN: XS1859010685).
- The redemption price equals par plus accrued interest, and interest will cease to accrue from the redemption date.
- This move is part of Citigroup’s ongoing liability management strategy to enhance funding efficiency and optimize its capital structure.
- June GGR reached 21.06 billion patacas ($2.6 billion), up 19% YoY, marking the second-highest monthly total of 2025.
- Entertainment events drove gains: Jacky Cheung’s concerts lifted average premium player wagers by 36% and player counts by 16% YoY; G-Dragon’s shows also boosted June revenues.
- January–June gaming revenue totaled 118.8 billion patacas, a 4.4% YoY increase, reaching 79.4% of pre-pandemic 2019 levels.
- Despite strong growth, the Macau government revised downward its 2025 budget revenue forecasts and approved a revised budget in June.
- Citigroup and JP Morgan analysts expect continued gaming revenue growth, with Macau’s sector off to its best start since 2019.
- Investment banking gains: Citigroup detailed how its market share increased from around 4% to over 5% through strategic focus on high grade bond issuance and robust M&A activity, driving overall competitiveness.
- Talent and global expansion: The bank is investing in hiring and building bench strength while expanding its global footprint across key regions such as the UK, Germany, China, Japan, and India to better serve multinational clients.
- ROTCE and capital optimization: Citi is aiming to boost its ROTCE by driving earnings momentum through increased deal flow and more efficient capital deployment, expecting mid single-digit growth in banking and market segments.