Citigroup Stock News

Two former high ranking executives announced to depart from Citi. The duo sees potential benefits in the crypto industry. (Read More)

Two executives heading Citigroup’s digital asset division have announced plans to leave the Wall Street firm and venture into the cryptocurrency and blockchain sector. The […]

A Yale professor and his research team are keeping tabs on companies that are still operating in Russia following its invasion of Ukraine --- and many have now pulled out.

The stock trades for around $10 and the business is growing quickly.

The co-heads of Citigroup Digital Asset Efforts leave the platform to launch a crypto startup and dive deeper into the blockchain industry as we can see more in today’s latest cryptocurrency news. Greg Girasole and Alex Kriete, the co-heads of Citigroup Digital Asset Effort are leaving the company to dive into the crypto and blockchain […]

This move follows various other banking veterans making the change from Wall Street to crypto ventures.

Citi has branches in 10 US states, DC, and Puerto Rico. The bank also has access to 72,000 fee-free ATMs nationwide, and additional ATMs overseas.

Goldman (GS) and JPMorgan (JPM) announce plans to pare their operations in Russia in response to the nation's ongoing conflict with Ukraine.

Bitcoin Slides On Report Russians Seek To Liquidate "Billions In Crypto" In UAE After briefly rising above $40,000 this morning following the earlier report of some soothing words from Putin over the Ukraine conflict, Bitcoin and the broader crypto sector has slumped to session lows… ... following a Reuters report that crypto firms in the United Arab Emirates (UAE) are being flooded with requests to "liquidate billions of dollars of virtual currency" as Russians seek a safe haven for their fortunes, citing company executives and financial sources. According to the report, some Russians are using cryptocurrency to "invest in real estate" in the UAE, while others want to use firms there to turn their virtual money into hard currency and stash it elsewhere. One crypto firm has received lots of queries in the past 10 days from Swiss brokers asking to liquidate billions of dollars of bitcoin because their clients are afraid Switzerland will freeze their assets, adding that none of the requests had been for less than $2 billion.

Citigroup''s (C) Co-head of Digital Assets, Alex Kriete, said Thursday he is leaving the commercial bank to start a new business in the decentralized space. Kriete spent less than a year…

The flow of U.S. companies exiting Russia has intensified as President Vladimir Putin’s military continues to lay waste to Ukraine. But while more than 300 major companies have pulled the plug on their Russia-based endeavors, data compiled by the Yale School of Management finds more than a few prominent corporations still in Russia. Since Benzinga first reported earlier this week on 10 major corporations doing business in Russia, eight of them have pulled out. For your consideration, here are 10 more U.S. companies that chose to remain active in Russia. Abbott Laboratories (NYSE: ABT ): The Chicago-headquartered pharmaceutical company is remaining in Russia because, according to External Communications Divisional Vice President Scott Stoffel , “As a health care company, we have an important purpose, which is why at this time we continue to serve people in all countries in which we operate who depend on us for essential products, some life-sustaining.” Cargill Inc.: This privately-held Minnesota-based agribusiness corporation announced Friday it would stop investments and scale back business activities in Russia, but offered no specifics. "We will continue to operate our essential food and feed facilities in Russia," the company said in a statement. "This region plays a significant role in our global food system and is a critical source for key ingredients in basic staples like bread, infant formula and cereal." Citigroup Inc (NYSE: C ): This financial institution was trying …

NEW YORK, United States: US investment bank Goldman Sachs on Thursday (Friday in Manila) announced it would pull out of Russia, becoming the first Wall Street institution to distance itself from Moscow after its invasion of Ukraine. "Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements," a spokesman for the company said. "We are focused on supporting our clients across the globe in managing or closing out pre-existing obligations in the market and ensuring the well-being of our people." According to its latest annual report, the firm''s exposure to Russia stood at $650 million at the end of 2021, with the vast majority tied to claims by private actors and borrowers. Goldman Sachs did not give details about the number of employees working in the country. Citigroup, another major US bank which had a total exposure to Russia of $9.8 billion as of the end of December, said they were "assessing their options" in the country. Last year, Citigroup announced it would seek to sell its retail banking operations in Russia.

Goldman and JPMorgan Chase join other multinationals pulling out of Russia amid a reboot of financial markets and an effort to isolate the country's banks.

Mike Saraceni, who leads investor sales and relationship management for North America, will serve as interim head of the region

Dan Keegan is leaving Citigroup to start an investment fund focused on financial-technology companies.