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News

Chief innovation officer to work magic at Citigroup?

Deborah Hopkins occupies an interesting role at Citigroup (NYSE: C). She's the chief innovation officer and the head of the bank's venture investing arm. The dual role certainly puts her in prime... Read more...

Citi's real innovation lab in Japan?

We recently looked at Citi's Innovation Lab in downtown New York City. For a glimpse at how these innovations might work in reality, we can turn to the bank's experimental branches in Japan, where... Read more...

Profile: Citi's chief risk officer

At many banks, the chief risk officer is an increasingly strategic executive position. Too much risk could expose the entire firm to financial harm, as the most recent crisis has made clear. Too... Read more...

A glimpse of the future of mobile banking

Mobile banking in the United States has been making impressive gains in usage, reflected by the launch of higher-end services by top banks. JPMorgan Chase's (NYSE: JPM) new remote deposit app falls... Read more...

Mainframes to storm financial services?

IBM (IBM news) announced its latest mainframe line, the zEnterprise, with some eye-catching claims. It touts the new product as the most powerful mainframe ever with tremendous energy efficiency; the... Read more...

Remote deposit and P2P: Killer mobile apps?

Are remote check deposit for the masses and person-to-person payments poised to become the first true killer of financial applications for the mobile Web? A significant boost may be coming in the... Read more...

A look at Citibank's innovation lab

Citigroup (C) isn't claiming to be a consumer technology trendsetter, but it's at least thinking about the future in its Innovation Lab, located beneath a branch in midtown New York City. The name of... Read more...

Capital trades make a comeback

We noted recently that Citigroup (NYSE: C) has developed a system, called Total Touch, that seems to marry high-touch trading with IOIs. The price is sent through traditional IOI venues and order... Read more...

Are you ready for high-touch actionable IOIs?

Actionable indications of interest (IOIs) have been controversial over the past year, as a debate raged about whether they should be considered and treated as actual quotes. Some think actionable

... Read more...

Citigroup boosts trade technology to attract clients

A huge trading technology transition looms at Citigroup (NYSE: C). Early next month, the bank will transition its trading customers to a new platform designed to lift it into the savviest ranks of... Read more...

Press Releases

Fitch Publishes U.S. CMBS Focus Report on CGCMT 2006-FL2

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has published its U.S. CMBS Focus Performance Report on Citigroup Commercial Mortgage Trust, Series 2006-FL2 (CGCMT 2006-FL2). The report provides a detailed Read more >>

Fitch Rates Citigroup ROCs and ROLs, Series 11872

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings assigns a rating of 'AA/F1+' to the Citigroup Reset Option Certificates Trust II-R (ROCs), series 11872, and a rating of 'AA' to the Reset Option Longs Read more >>

Fiduciary/Claymore MLP Opportunity Fund Announces Pricing of Public Offering of Common Shares

LISLE, Ill.--(BUSINESS WIRE)-- Fiduciary/Claymore MLP Opportunity Fund (the “Fund”) (NYSE: FMO)today announced the pricing of a public offering of common shares. The Fund agreed to sell a total of Read more >>

Page Perry LLC: Arbitrators Award Investors $1.8 Million and Find Citigroup Affiliates Mismanaged MAT/ASTA Municipal Arbitrage F

ATLANTA, Aug. 11 /PRNewswire/ -- An arbitration ruling against two Citigroup affiliates bodes well for investors in the controversial Citigroup MAT/ASTA municipal arbitrage products, according to two Read more >>

Chase Purchases $3.5 Billion of Performing Multifamily and Commercial Real Estate Loans from Citibank

NEW YORK--(BUSINESS WIRE)-- JPMorgan Chase announced today that it has purchased a $3.5 billion portfolio of multifamily and commercial real estate loans from Citibank. Terms were not disclosed. The Read more >>