CitibankIndustry News

From Reuters: NEW YORK (Reuters) - Citigroup Inc blocked an attempt by Venezuelan state oil company PDVSA to make debt payments to a Siemens unit, a Citi executive testified on Wednesday in a U.S. trial...

From Law360: By Rachel Scharf (September 22, 2021, 7:14 PM EDT) -- Citigroup Inc. asked a New York federal judge Tuesday for access to records from the grand jury that indicted a former London-based trader...

From Bloomberg Law: Citigroup Inc. will begin sharing some data with cloud-storage software maker Snowflake Inc., a move that will help the bank reduce costs and streamline some of its post-trade processes. Any time a trade...

From Bloomberg Law: Citigroup Inc. said it’s seeking to improve the organizational structure of its commodities-trading business. The New York-based bank also hired Yoven Moorooven as global head of new business ventures for the commodities-trading division,...

From ZDNet: There is no shortage of credit card rewards to choose from, but when you spend your life on the road in between businesses, a gas credit card for business could be the best...

From CNBC: SINGAPORE — Citi's commercial banking unit has set up a China desk in Singapore dedicated to helping "emerging" Chinese companies expand into the city-state and Southeast Asia, the bank told CNBC. Citi Commercial Bank...

From Law360: Law360 (September 3, 2021, 5:00 PM EDT) -- Scura Wigfield Heyer Stevens & Cammarota LLP called on a New Jersey federal court Friday to keep Citibank NA in its suit over a purported...

From The Dallas Morning News: New York-based banking giant Citigroup is planning a new office in North Dallas. But the big bank isn’t saying what operations will be in the new location on Preston Road. Citibank is...