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Citi: special focus

Euromoney's recent coverage of the global wholesale bank.

Class of 2019: Citi 

January 2020

The global bank has refreshed its senior management but needs to start demonstrating its platform can deliver best-in-class returns.

Citi and YieldStreet announce partnership to spur retail investment in alternative assets

January 2020

Partnership with digital investor platform is the latest move by bank’s Sprint fintech team.

UK PRA hits Citigroup with record fine over mis-reporting

November 2019

Toby Melville

It appears that basic errors rather than deliberate attempts to game the system lay behind Citi’s large miscalculations of UK RWAs and CET1.

What they said about CIB in Q3 '19: a guide to bank results

November 2019

Investment bank quarterly heatmaps

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It's that time of year again, when we round up what senior management said about your business line in their quarterly earnings calls.

Ebru-Pakcan-Citi-160x186.jpgTransaction banking trailblazer: Ebru Pakcan, Citi

October 2019

The bank's head of treasury and trade solutions, EMEA, says: 'In transaction banking, we see exponential growth.'

China Corporate and Investment Banking Awards 2019
September 2019

Best International Corporate and Investment Bank in China: Citi

New Silk Road Finance Awards 2019
September 2019

Best overall bank for advising Chinese institutions on BRI

Middle East & Africa: Best international bank in the region for BRI

Asiamoney best bank awards 2019

September 2019

Indonesia: best international bank

The Philippines: best international bank

Singapore: best international bank

Thailand: best international bank

What they said about CIB in 2Q19: a guide to bank results

August 2019

Investment bank quarterly heatmaps

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Didn’t have time to go through your investment banking rivals’ results announcements? Don’t worry, we’ve done it for you, business by business.

Hedging complacency adds to corporate FX risk, Citi finds  

July 2019


Citi’s latest global corporate benchmarking survey shows that companies are worryingly complacent about their potential exposure to emerging market currencies and remain reliant on manual processes to manage risk. 



Awards for Excellence 2019

World's best bank for transaction services 2019: Citi

July 2019

In an industry of fast-paced change, this is the bank that is not only engaged with but driving change for the benefit of its customers.

World's best bank for corporates 2019: Citi

July 2019

Citi’s worldwide presence is proving an asset as new regional trading blocs emerge. 

Africa's best bank for transaction services 2019: Citi

Africa's best bank for financing 2019: Citi

Asia's best digital bank 2019: Citi

Asia's best bank for transaction services 2019: Citi

CEE's best bank for financing 2019: Citi

CEE's best investment bank 2019: Citi

Best investment bank in Singapore: Citi


The bankers that define the decades: John Reed, Citibank

June 2019


The technology pioneer of the 1980s.

The CEO agenda: Mike Corbat, Citi

June 2019


People rise to the top of the agenda. 

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Zdenek Turek: The specialists

April 2019

As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our May CEE focus.

Macaskill on markets: Forese vs Kelleher – the final scorecard  

April 2019


Citigroup president Jamie Forese and his Morgan Stanley counterpart, Colm Kelleher, are bowing out after contrasting quarters for their investment banks.

Citi’s trader firings reflect tougher regulators 

April 2019


Authorities are being more proactive in uncovering trouble.

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Tyler Dickson: Understanding the markets

April 2019

As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our April capital markets focus. 


Asiamoney best bank awards 2019: India

March 2019

Best corporate and investment bank: Citi

Best international bank: Citi

What they said about CIB in 2018 

February 2019

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The biggest dozen global investment banks have now reported their results: here's what their execs said about each of your businesses.

Investment banking: Foreign firms make their moves in China

February 2019

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The pieces are starting to shift on the board of Chinese investment banking. There have been signs of progress, frustration and new strategy since last April’s announcement that foreigners would be allowed to take majority stakes in securities joint ventures on the mainland. 

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Citi issues its first green bond

January 2019

US bank taps European market for €1 billion deal.

The Euromoney 25: Class of 2018 

January 2019

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Which bank chief executives are raising a glass to a successful 12 months? How are the newcomers to the party settling in? Who’s hiding in the corner, drowning their sorrows? And will 2019 be a year of feast or famine? Euromoney reveals all in its progress reports for the Class of 2018.

Citi: Hopes that ICG can keep doing better

January 2019

Like most of its big US peers, Citi had a strong run in 2018 

Asiamoney Brokers Poll 2018: 10 strategists to guide you through Asia's volatile markets

December 2018


Singapore: Patrick Yau, Citi 


Citi goes for yin and Jan in Asia 

December 2018

Citi’s network banking model can sometimes sound rather old-fashioned; Jan Metzger, Citi’s CIB head in Asia Pacific, is a tech geek who can talk for hours about whatever is new – you know what they say about opposites… 

Impact banking: Bank of America – not too big to care

November 2018


What are the other big US banks doing?

3Q18 results: US bank chiefs focus on structure and costs

October 2018

A strong third quarter from Morgan Stanley was the highlight of a mixed bag of numbers, while Goldman Sachs’ incoming CFO offered more glimpses of the future.

Morgan Stanley strong, Citi stutters in Q3 US investment bank results

October 2018

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Morgan Stanley looks best in the third quarter, but was just pipped by Goldman over a longer term analysis.

The cash management conundrum

October 2018

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There are only two truly global, fully fledged cash management banks today – HSBC and Citi – but the digital arms race in transaction services gives far more banks the opportunity to be world class.

Impact banking champion: Bob Annibale, Citi

September 2018


Global director of Citi Community Development and Inclusive Finance.

Impact banking: Can this generation of leaders change banking for good?

September 2018


From the United Nations and the European Commission to customers and shareholders, the world’s banks face increasing pressure not only to consider their broader role in society but also to take actions that have a positive impact on it. There is no doubt that most chief executives take this challenge seriously. Whether they take it far enough remains to seen.

Forese aims high with CIB rejig at Citi

September 2018


Citi is mostly playing catch-up with its new corporate and investment banking (CIB) structure: it makes obvious sense, but despite coming later than many rivals it is still a work in progress.


Asiamoney best bank awards 2018 The Philippines: best international bank

Singapore: best international bank

Thailand: best international bank

Vietnam: best digital bank


AI helps treasurers keep pace with changing demands of role

August 2018


Regulatory change, cost pressures, advances in technology and more-demanding customers: treasurers have a lot on their minds, but artificial intelligence (AI) is here to help. Citibank’s engagement with AI has also attempted to improve the insights it can deliver to clients.

Investment banks in 2Q18 August 2018

Part 1: group and CIB

Part 2: DCM, ECM and advisory

Part 3: FICC and equities


Awards for Excellence

Awards for Excellence 2018: Who you gonna call? How Citi became clients’ go-to global investment bank

July 2018


The old charges against Citi’s wholesale banking division no longer apply. Its scale and breadth are a big positive that no other bank can match. Its diversity and balance are clear strengths that its competitors increasingly envy. As a firm, it’s more joined up than anyone thought possible. And its clients value what Citi can deliver more than ever before.

World's best investment bank 2018: Citi

July 2018

The firm is a genuine contender in investment banking in every region of the world.

World's best bank for financing 2018: Citi

July 2018

Global growth provided the backdrop for a strong year for Citi’s financing businesses, while the return of volatility has showcased the value of its great reach.

World's best bank for corporate responsibility 2018: Citi

July 2018

The firm has consistently demonstrated its commitment to work alongside communities and support their growth.

Asia's best bank 2018 Country Awards: Taiwan – best bank

Western Europe's best bank for advisory 2018

Country Awards: Spain – best investment bank

Latin America's best bank for financing 2018

Latin America's best bank for sustainable finance 2018: Citibanamex

Country Awards: Chile – best investment bank

North America's best bank for corporate responsibility 2018

CEE's best investment bank 2018

CEE's best bank for transaction services 2018

Africa's best bank for financing 2018

Africa's best bank for transaction services 2018

Middle East's best investment bank 2018: Citi

May 2018

Middle East investment banking volumes saw a tentative rebound in 2017, after a drop in 2016, suggesting that regional reform is already producing opportunities for deal makers, after the demise of the international sovereign buy-outs of the oil-boom era. The region’s best investment bank, Citi, is more aware of these opportunities than most and is positioning itself accordingly.

Country Awards for Excellence 2018: Middle East – Kuwait


A new golden age for banking?

July 2018

Good, sustainable returns for shareholders are finally in sight, 10 years after the global financial crisis.

A tale of two US ECM houses

July 2018


Equity capital markets moves at Citi and BAML say more about the two firms than they do about ECM.

Sustainable finance: What a difference a decade makes

July 2018 


Ten years on from a financial crisis often portrayed as caused by the greed of bankers, we are talking recycled carpets and alleviating poverty. It is a genuinely good thing.

Asiamoney best bank awards 2018
June 2018

Hong Kong best international bank

Taiwan best international bank

Citi’s simplicity pays off in Latin America

May 2018

It is one thing to simplify a business plan but quite another to execute it. Nevertheless, Citi appears to be on the verge of making its new simple approach, well, simple.

CSR: Time's up for finance's gender pay gap

May 2018


Gender pay gap disclosure has arrived in the banking industry, but a movement that aims to bring gender equality across the whole financial sector is just beginning. Euromoney speaks to some of the pioneers.

Not the last thing: Where have all the bank leaders gone?

April 2018

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The cat is out of the bag: the public is aware that if you want to stop something, you have to stop the financing. Right now in the US, that something is guns. And Citi is being bold.

Asiamoney best bank awards 2018: India

March 2018

Best international bank: Citi

The banks aiming to beat the equities blues

February 2018


Equities is a business where only the top handful of banks traditionally make money. It is also a sector with shrinking volumes and revenues. So why are two banks outside the top tier – Citi and HSBC – trying to boost their franchises?

US banks face more taxing issues than meets the eye

January 2018

While tax reform charges make a bad year worse for US banks, the timing of the law sets the scene for better results in 2018. But the fundamentals may not change: trading is bad, financing is good.

US bank CEOs hail boost to economy from tax cuts

January 2018

US dollar America-600

Banks are booking big charges in the fourth quarter, but the domestic names are sitting pretty for the future as US taxes fall.

US tax changes prompt cash management overhaul

January 2018

Changes to the US corporate tax code are aimed at driving more onshore investment. For treasurers, this will mean reassessing their current global cash management structures.

Can Citi make the most of its Asian network?

January 2018


Francisco Aristeguieta has spent two and a half years trying to change Citi’s approach to Asia. The process is not complete, not least in China, but Citi’s numbers show a strategy starting to work.

Citi’s Aristeguieta makes his mark in Asia

January 2018 Five quarters of profit after years of flat performance; consumer revamp gains traction.

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Citi: Investors get the message

December 2017

Stock buybacks are a landmark moment in Citi's resurgence.

Trade Finance Survey 2018: Domestic best service

December 2017

Country rankings: Argentina

David Miliband: How we can keep the globalization bargain 

November 2017


David Miliband, head of the International Rescue Committee, and Jim Cowles, CEO for EMEA at Citi, discuss exclusively with Euromoney how finance can help the refugee crisis at the launch of an initiative.

China: Citi staffs up for Belt and Road

October 2017

New recruits show bank sees tangible business from Belt and Road; some will be new hires, others existing staff being moved.

New Silk Road Finance Awards 2017 CEE: Best international bank for BRI

September 2017


Technology investments drive up banks’ costs

August 2017


For all their boastful talk of becoming technology companies, Citi points out that many banks still depend on legacy IT platforms that are now as much as 40 years old.

Choosing Greenpeace over clients: the new banking reality

August 2017

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Kinder Morgan’s Trans Mountain Pipeline has left 26 banks wide open to backlash. But there is one bank that isn’t impacted at all… And that is Citi.

Awards for Excellence 2017


World's best bank for markets 2017: Citi

July 2016

Citi is perhaps the only global markets business remaining that shows that scale and breadth – both geographically and by product – can deliver good returns.

World's best bank for financial inclusion 2017: Citi

Solving the challenge of world’s unbanked is going to take investment, innovation, and an ability to bring together key players in payments, fintech and microfinance. No bank is quite as committed to that combination as Citi.

World's best digital bank 2017: Citi

Citi aims to develop new banking apps with the speed of a Silicon Valley startup and deliver them across a vast incumbent bank.

World's best bank for transaction services 2017: Citi

The bank has demonstrated exceptional on-the-ground commitment and understanding of its clients across all regions.

Western Europe's best bank for markets 2017: Citi

Asia's best bank for transaction services 2017: Citi

CEE's best bank for financing 2017: Citi

Latin America’s best bank for markets 2017: Citi

Middle East's best bank for CSR 2017: Citi

For country results, see full results


How the universal banking model will be reborn

July 2017

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Have HSBC and Citi found a way to cut costs and maintain revenues in Latin America? If so, local banks will not accept that quietly.

FX Survey 2017: All change but no change

May 2017


The top firms this year look like they haven’t moved in 18 years. For example, there is Citi in its accustomed place at number one. How can nearly two decades of upheaval appear to have altered the rankings so little in Euromoney’s foreign exchange survey?

Citi’s own fintech upstart disrupts from the inside 

January 2017 


Citi's new mobile app is a first crucial step to re-invention. Head of consumer banking, Stephen Bird, tells Euromoney the bank may have only a couple of years to convince customers it is the high-quality, always-connected partner with the services they want.

Citi’s $1 billion push ‘won’t alter’ Mexican dynamics

November 2016

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Internal analytics, not retail price war, behind the move; strong growth expectations prompt high bank valuations.

Banking: CEOs call for regulatory harmony, time to digest change 

November 2016 

Brexit threatens eurozone, but region still crucial to global banks.

Citi rebrands in Mexico as HSBC signals it will stay

October 2016

Citi seeks to commit to Mexico after Latin America withdrawal; HSBC injects capital but commitment questioned.

Dimon, Corbat and Gorman talk Brexit

October 2016

The topic of Brexit was never going to be far from the minds of delegates at the annual meetings of the International Monetary Fund and the Institute of International Finance, both being held this week in Washington, DC. And on Friday afternoon, delegates got a chance to hear the views of three vocal US bank chief executives — Jamie Dimon of JP Morgan, Mike Corbat of Citi and James Gorman of Morgan Stanley.

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Emerging Europe: Citi stands firm in CEE as rivals pull back

September 2016

Collapsing investment banking volumes have prompted global players to pull back from emerging Europe over the past two years. But Citi’s Jim Cowles, CEO for EMEA, has alternative sources of revenue to fall back on.

Asia: Citi grabs a ride in taxi tie-up

September 2016

Citi is joining up with the Singapore-based ride-hailing service Grab in a partnership that will allow people to burn credit card loyalty points in exchange for taxis – a world first.

Check your hedges, Citi warns corporates, amid Brexit FX volatility

July 2016

The UK's decision to leave the EU has left corporates scrambling to review many aspects of their business to ensure they are able to withstand heightened volatility. Injecting a greater level of optionality into their hedging strategies is one way to protect themselves from increased uncertainty, says Citi.

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Awards for Excellence 2016

World's best bank for financial institutions

World's best investment bank in the emerging markets

World's best bank for transaction services

Africa's best bank for financing

Asia's best bank for markets

Asia's best bank for transaction services

CEE's best investment bank

Central America and Caribbean's best investment bank

Latin America's best investment bank

Latin America's best bank for markets

Latin America's best bank for transaction services

Wealth management: Mansour's new style of family office


June 2016

Global institutions like Citi are adept at managing the fortunes of the wise and wealthy, but Mohamed Mansour decided to build his own business to manage his family’s wealth and staff it with seasoned investment bankers. Six years on...

Citi sees the funny side  June 2016 

When an investment bank sponsors a national award in investigative business journalism, there will occasionally be inevitable tension between the bank that rewards the journalism while also being on the receiving end of it.

All change in the 2016 Euromoney FX rankings 

May 2016

Citi retains top ranking while Deutsche plummets.

FX: Fired currency traders fight back April 2016

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Ex-Citi trader Carly McWilliams’ employment tribunal win will spur on other fired currency traders waiting for their day in court and encourage more women to bring unfair dismissal claims, say legal experts. The banks’ argument that a handful of rogue traders acting behind senior managers’ backs were to blame for the currency rigging scandal is contested.

Orient IPO brings Citi partner to Hong Kong market  April 2016 

Citi JV opts for Hong Kong for IPO, but should it have gone six months ago?

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Citi plots next stage of development in Asia

April 2016 Citi’s Asia-Pacific business is the ultimate test of its universal banking model. New regional CEO Francisco Aristeguieta knows he needs to build on its strong component parts, not just to maintain its position in Asia, but to push the bank forward globally.

Citi capitalizes on market retrenchment for Shell win

September 2015

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Rajesh Mehta, regional head of treasury and trade solutions, EMEA, at Citi, comments on the bank’s winning mandate to provide Shell’s cash management services for 16 countries in western Europe.

Best global bank 2015: Citi – Last man standing

July 2015


Citi is the last global wholesale bank offering all products to its clients everywhere. It operates in 100 countries and boasts a payment system handling $3 trillion of transactions a day, which no other bank is ever likely to emulate. It has taken the axe to its global consumer business, but still operates in 24 countries. Under the leadership of Michael Corbat, Citi has closed the share price discount to book value. It must now prove that a global universal bank can avoid the pitfalls of scale and deliver sustainable returns. If it does, it will be the only one.

Bird’s promotion recognises strengths of Citi Asia

May 2015

Move raises profile of Asia Pacific; Bird heralds ‘Asia’s century’.

Citi's top TS banker eyes SME support

April 2015

Naveed Sultan, global head of treasury and trade solutions (TTS) at Citi, explains the importance of developing SME and MME financing options, as the clout of transaction services to Citi's business strategy grows.

Trade finance: Citi grows global commodities as rivals exit

February 2015

Buys trading portfolios from Credit Suisse, Deutsche; integration of commodities and banking paying off.

Private banking CIO outlook: Citi Private Bank

January 2015

Steven Wieting, global chief investment strategist for Citi Private Bank, shares his firm's views on the surprises of 2014 and the market ahead.

Cutting the fat in FICC  May 2014 

For the first quarter, Citigroup reported an 18% decline in fixed-income revenues compared with 2013 and chief financial officer John Gerspach described the overall FICC business as a “shrinking pie”.

Citi to launch new private-bank client technology

February 2014

Citi Private Bank is set to launch its new client/banker technology platform at the end of February, with the hope it will be the industry standard for digitalization.

Corbat reconsiders Citi’s global resources

August 2013


Michael Corbat looked like a safe pair of hands when he took over from Vikram Pandit as Citi’s chief executive. Known as a details man, a leader and strong manager, he will execute the strategy Pandit first laid out. But overseeing the rundown of Citi Holdings has given him a taste for better deploying scarce resources. And every business in Citi’s renowned 100-country network, the bank’s defining differentiator, will have to justify itself to his scrutiny.

Citi: Taking share in flat markets

August 2013

Since 2009, after John Havens had to slash headcount and reduce the investment banking business to serve far fewer customers, Citi has been fighting its way back to prominence.

Vikram Pandit and John Havens: Restructurning – The light comes on at Citi

December 2009

From the ruins of a failed, large investment bank, Vikram Pandit and John Havens are trying to build the foundations of a much better, smaller one. It’s still global in ambition but designed to deal with fewer clients, commit its capital much more thoughtfully and this time in the right businesses. Sceptics either say they’ve heard it all before or question why it took the bank’s leaders so long to reach the obvious conclusion. But the early signs are that it’s working rather well. Peter Lee reports.

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