With the changing payments landscape and massive uptick in ecommerce, many organizations are pivoting their business models to selling online, direct-to-consumer. Companies already selling online are reexamining their existing setups to ensure they are secure, relevant and streamlined, in an effort to increase payment acceptance while minimizing risk and cost.

As a result, we’ve launched Spring by Citi: a new full-stack payment processing solution enabling our institutional client base to accept digital consumer payments. Spring by Citi can help customer-centric institutions build seamless payment experiences that bring together the varying objectives of corporate treasury, payments and the business, delivering value to each part of their organization.

The world of work is transforming. Not only have we worked through a once-in-a-generation global pandemic, but decades of automation, the rise of artificial intelligence and a new shift to remote work have all reshaped what our professional lives look like — and what we’re expecting from our employers.

Today, we are launching our 2021 LinkedIn Top Companies list, our fifth-annual ranking of the 50 best workplaces to grow your career. After taking a hiatus from the list in 2020 as we all figured out the new world of work, we’re also debuting our new methodology, which uses unique LinkedIn data to go beyond the companies that attract talent to uncover the companies that invest in their talent. These 50 companies help employees build a professional foundation that sets them up for success both at the company and beyond. 

The new methodology has seven key pillars, each revealing an important element of career progression: ability to advance, skills growth, company...

Citi® Global Collect allows you to manage all phases of the receivables lifecycle within a single platform, including invoice presentment, payment, automated FX execution, settlement and reconciliation. With this solution, you can alleviate the complexity of doing business globally by increasing the certainty and timing of payments received, while mitigating FX risks, delays, or reconciliation concerns.

Seven years ago, the Citi Foundation launched the Pathways to Progress initiative to help equip young people with the skills and experiences they need to forge a successful future in the long wake of the Great Recession – a time when youth endured the worst of the economic fallout. Since its inception, the Citi Foundation has already impacted the lives of more than one million young people around the world through $230 million of grant investments, providing them with the mentorship, entrepreneurship training, and work experience that not only build up resumes and CVs, but also their confidence.

By those measures, Pathways has been successful in positively affecting the economic opportunities of global youth by providing them with the building blocks they need to forge their careers. When it came time to strategize our next Pathways commitment in the midst of the global COVID-19 pandemic, we knew as a Foundation we needed to change our approach because the world...

“Racism continues to be at the root of so much pain and ugliness in our society – from the streets of Minneapolis to the disparities inflicted by COVID-19. As long as that's true, America's twin ideals of freedom and equality will remain out of reach.”

iOS users: We recommend having Dropbox or Google Drive installed to save podcasts. Click the download icon on the podcast then click the share icon on the iOS navigation bar. Select Dropbox or Drive to save podcast.

Android users: Click the download icon on the podcast. Podcasts that are downloaded using an Android device can be found in the "download" folder of the device.

Thank you, John, and welcome to all our fellow shareholders who have joined us today. I very much look forward to sharing my thoughts about Citi’s recent performance and where we are headed.

But first, I want to thank John Dugan and the rest of the board for putting their trust in me to lead this important global institution.

And I also want to thank my predecessor, Mike Corbat, for the gift of a smooth transition, which afforded me time to reflect with fresh eyes on our firm and to solicit input from many of our stakeholders, including a number of you.

I’m excited about Citi’s future. We have many attributes as a bank that distinguish us—our global mindset… our ability to anticipate where our industry is heading… our empathy, which gives us deeper insight into our clients.

And we are determined to leverage these advantages to close the gap with our peers and improve returns for our shareholders.

Over the course of its 200-plus-year...

Thank you, John, and welcome to all our fellow shareholders who have joined us today. I very much look forward to sharing my thoughts about Citi’s recent performance and where we are headed.

But first, I want to thank John Dugan and the rest of the board for putting their trust in me to lead this important global institution.

And I also want to thank my predecessor, Mike Corbat, for the gift of a smooth transition, which afforded me time to reflect with fresh eyes on our firm and to solicit input from many of our stakeholders, including a number of you.

I’m excited about Citi’s future. We have many attributes as a bank that distinguish us—our global mindset… our ability to anticipate where our industry is heading… our empathy, which gives us deeper insight into our clients.

And we are determined to leverage these advantages to close the gap with our peers and improve returns for our shareholders.

Over the course of its 200-plus-year...

Thank you, John, and welcome to all our fellow shareholders who have joined us today. I very much look forward to sharing my thoughts about Citi’s recent performance and where we are headed.

But first, I want to thank John Dugan and the rest of the board for putting their trust in me to lead this important global institution.

And I also want to thank my predecessor, Mike Corbat, for the gift of a smooth transition, which afforded me time to reflect with fresh eyes on our firm and to solicit input from many of our stakeholders, including a number of you.

I’m excited about Citi’s future. We have many attributes as a bank that distinguish us—our global mindset… our ability to anticipate where our industry is heading… our empathy, which gives us deeper insight into our clients.

And we are determined to leverage these advantages to close the gap with our peers and improve returns for our shareholders.

Over the course of its 200-plus-year...

New York – Citi and the Citi Foundation today announced initial results generated from their $1 billion in strategic initiatives to help close the racial wealth gap and increase economic mobility in the United States. Announced in September 2020, Citi’s Action for Racial Equity is a comprehensive approach to 1) providing greater access to banking and credit in communities of color, 2) increasing investment in Black-owned businesses, 3) expanding homeownership among Black Americans, and 4) advancing anti-racist practices in the financial services industry.

There is clear momentum behind this work across Citi to address the barriers that impede communities of color from building generational wealth. Among the progress detailed below, Citi has allocated over half of its $100 million commitment to Minority Depository Institutions (MDIs) that are expanding banking and credit access in communities of color. Citi will invest more than $200 million—out of a $550 million...

New York – Citi released today its 2020 Environmental, Social and Governance (ESG) Report, an annual report that highlights the ways in which Citi is enabling progress and sustainable growth in communities across the world. This report and related summary not only detail the progress Citi has made on its longstanding ESG priorities over the past year, but also its efforts to adjust and address the immediate and longer-term challenges posed by the global COVID-19 pandemic.

“The events of 2020 are a stark reminder that companies like ours have a role to play in helping tackle the world’s toughest problems—and this sense of responsibility drives our ESG agenda,” said Jane Fraser, Citi CEO. “We don’t see ESG as a separate layer that sits above what we do day to day. It is embedded in our efforts to support our clients, colleagues and communities. We take great pride in our work and are delighted to share it with all our stakeholders in this report.”

Among the...