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INX:C, Nov 22, 07:06 UTC

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Citi Wins Top Honor as World’s Best Digital Bank 2019 by Global Finance

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Selection criteria included strength of strategy for attracting and servicing online customers, success in getting clients to use digital offerings, growth of online customer base, breadth of products offered, evidence of tangible benefits gained from digital initiatives, and web site design and functionality. “Ever-evolving digital technologies are drivers of the digital economy, bringing the players within the financial ecosystem closer together. As our clients’ needs and expectations are shifting in response, it is imperative that Citi -- as their banking partner – continues to invest in innovation and leverage technologies to keep providing them with a better client experience,” said Naveed Sultan, Global Head of Treasury and Trade Solutions, Citi. On Citi’s awards success, Joseph Giarraputo, President and Publisher at Global Finance Magazine states, “Continued commitment to providing customers with flexibility and control across all channels, in such a way that users can adopt, customize and engage with ease, regardless of size and location, helped Citi win a multitude of awards, including the Overall Best Digital Bank 2019 and Global Best Corporate/Institutional Digital Bank Award.”. CitiDirect BE® and CitiConnect® are a part of Citi Treasury and Trade Solutions’ omnichannel digital banking product suite.

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Wednesday, November 20


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Citibank Rated #1 in Customer Satisfaction Across Retail Banking in ACSI Report

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Citibank rated Number One for customer satisfaction across the retail banking industry, following being top rated among national banks in 2016 and 2017, according to a report released this week by the American Customer Satisfaction Index, or ACSI. “We’re excited to be back in the Number One spot for customer satisfaction and on behalf of all us at Citibank, we’d like to extend a big thank you to our customers for their loyalty,” said Mindy Mercaldo, Head of U.S. This year, Citibank regained the Number One position for customer satisfaction as Citi’s U.S. Consumer Bank moves forward with its strategy to deliver a true client-centric relationship model by bringing the full power of its franchise together to deliver great products, value, convenience, and a seamless experience for clients. ACSI survey respondents recognized Citibank as an industry leader* with respect to the number and location of ATMs and for a fourth-straight year highlighted Citibank’s variety of financial services.

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Citi Helps Clients Collect Cross-Border B2B Payments with a New Platform, Citi® Global Collect

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Citi has launched a new cross-border platform to help its multinational clients manage the complexities in collecting cross border business-to-business payments, by digitizing the transaction process and embedding FX capabilities. Citi® Global Collect, a collaboration between Citi’s Treasury and Trade Solutions (TTS) and Foreign Exchange (FX) businesses, will help multinational clients continue to extend their global reach, making it easier to collect funds from overseas payers and apply cash faster. “With the roll out of Citi Global Collect, Citi continues to prove that we are able to leverage our greatest assets to create competitive technology solutions that meet our clients’ international business needs and allow them to manage associated currency risks,” said Flavio Figueiredo, Global Head, Rates and Currencies Corporate Sales, Citi. Citi Global Collect is one of the new solutions being added to Citi’s continuously-expanding product suite, including Citi Payment Insights, Citi Virtual Accounts, Citi Smart Match and Citi Payment Outlier Detection, demonstrating how innovation is central to Citi’s mission. As clients continue to face new challenges and grow, Citi is keenly focused on creating new solutions that best serve them.

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Citi Bank: Pramit Jhaveri, who brought scale to Citi India, quits

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The 56-year-old Jhaveri had joined the Wall Street major as a management associate in 1987, and had a steady rise to become vice-chairman of banking, capital markets and advisory for Asia Pacific earlier this year, after heading the India operatio... By PTI | Nov 20, 2019, 04.04 PM IST. Pramit Jhaveri, the former country head of Citi India, has quit for unspecified reasons, sources said on Wednesday. His resignation was announced by the Citi Asia Pacific chief executive Peter Babej over email to the employees, the sources said. Under his helm, Citi India's total assets almost doubled (95.48 percent to be precise) between FY10 and FY19, to Rs 1.86 lakh crore, while gross non-performing assets improved to 1.37 percent in March 2019 from 3.43 percent in March 2010.

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Tuesday, November 19


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Citigroup (C) Gains As Market Dips: What You Should Know

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Citigroup (C) closed the most recent trading day at $74.83, moving +0.58% from the previous trading session. Heading into today, shares of the U.S. bank had gained 3.61% over the past month, outpacing the Finance sector's gain of 3.38% and lagging the S&P 500's gain of 4.72% in that time. C's full-year Zacks Consensus Estimates are calling for earnings of $7.74 per share and revenue of $73.85 billion. Investors might also notice recent changes to analyst estimates for C. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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Citi Introduces New Digital High-Yield Checking Account with No ATM Fees Nationwide

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Citibank announced today that it is introducing Citi Elevate Checking, a digital high-yield checking account that offers unlimited ATM reimbursements nationwide while paying interest up to 1% for U.S. customers residing outside of the bank’s physical branch footprint. “With ATM fees climbing to record levels, we saw an opportunity to provide customers with two very useful benefits – no ATM fees and an interest rate that’s up to 12 times the national average,” said Harp Rana, Head of U.S. Deposit Products, Citibank. It’s the most compelling all-around digital checking account in the market today.”. A recent survey by Bankrate found that the average ATM surcharge climbed to a record high of $3.09 this year, up from 89 cents in 1998, while the average total cost of an out-of-network withdrawal, which includes the ATM surcharge plus the fee your own bank charges you, rose to $4.72 from $1.97 during the same period.

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Temenos Announces Partnership Extension With Citi to Support Global Fund Services Business Growth

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GENEVA--(BUSINESS WIRE)--Temenos (SIX: TEMN), the banking software company, today announced that Citi has extended its existing contract for Temenos Multifonds Global Accounting to drive operational excellence, reduce costs and deliver digital customer experiences for its global fund services business. Citi Equities and Securities Services, a long-standing partner of Temenos for more than a decade, provides an end-to-end service proposition for asset managers in more than 80 countries across the globe. Max Chuard, CEO, Temenos, said: “We are proud to support Citi’s global fund services business growth. The fund industry is an ever-changing environment, defined by evolving regulatory requirements, expense pressures and sophisticated client demands. For businesses to thrive in such a landscape, we believe investing in innovative and flexible modern software is key.

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Monday, November 18


News

The Zacks Analyst Blog Highlights: Citigroup, SunTrust Banks, First Horizon National, BB&T and U.S. Bancorp

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Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Citigroup C, SunTrust Banks STI, First Horizon National Corp. FHN, BB&T Corp. BBT and U.S. Bancorp USB. This branch divestiture is part of the Department of Justice’s (“DOJ”) conditional approval for SunTrust’s “merger of equals” deal with BB&T Corp. (Read more: SunTrust to Sell Branches, Gets DOJ Nod for BB&T Merger Deal). Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report SunTrust Banks, Inc. (STI) : Free Stock Analysis Report BB&T Corporation (BBT) : Free Stock Analysis Report U.S. Bancorp (USB) : Free Stock Analysis Report First Horizon National Corporation (FHN) : Free Stock Analysis Report To read this article on Zacks.com click here.

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BioMarin Pharmaceutical (NASDAQ:BMRN) Receives Buy Rating from Citigroup – TechNewsObserver

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BioMarin Pharmaceutical (NASDAQ:BMRN)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup in a research note issued to investors on Wednesday, October 30th, MarketBeat.com reports. Barclays dropped their target price on shares of BioMarin Pharmaceutical from $95.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. The stock has a market cap of $13.58 billion, a P/E ratio of -227.39, a price-to-earnings-growth ratio of 117.12 and a beta of 1.30. A number of hedge funds have recently bought and sold shares of BMRN. North Star Investment Management Corp. bought a new position in shares of BioMarin Pharmaceutical during the 3rd quarter valued at approximately $25,000.

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Friday, November 15


News

Citigroup Downgrades ACCOR S A/S (OTCMKTS:ACCYY) to Neutral – TechNewsObserver

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ACCOR S A/S (OTCMKTS:ACCYY) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Monday, The Fly reports. Jefferies Financial Group began coverage on shares of ACCOR S A/S in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. ACCOR S A/S has a 12-month low of $7.29 and a 12-month high of $9.23.

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