近日，中国银联发布公告称，中国银联股份有限公司已终止花旗银行（中国）有限公司的成员资格。 据智通财经消息，花旗中国对此表示，随着我行个人银行业务的关闭，我行不再作为中国银联的成员。我行对公业务的境内外支付和收款不受任何影响。花 旗继续深耕中国市场，为企业和机构客户服务，满足他们的跨境银行需求。 2022年12月，花旗宣布将逐步关闭其中国内地的个人银行业务，但不涉及花旗中国的企业机构客户业务。 今年5月，花旗集团董事长杜颂安表示，花旗将继续深耕中国市场，愿进一步加强对华投资合作，围绕证券、期货、金融衍生品等领域在华积极布局相关新 业务。 ...

Core Viewpoint - The termination of Citibank China's membership with China UnionPay has raised market attention, but Citibank asserts that its corporate banking operations remain unaffected [2][3][4]. Group 1: Membership Termination - On August 27, China UnionPay announced the termination of Citibank China's membership [3]. - Citibank China stated that it is no longer a member of China UnionPay due to the closure of its personal banking operations, and its corporate banking services will not be impacted [4]. - The termination was reportedly initiated by Citibank China, which will cease payment operations through the UnionPay network [4]. Group 2: Business Strategy - Citibank Group announced a restructuring of its global personal banking operations in April 2021, planning to exit the personal banking market in 14 global markets, including mainland China [4]. - The CEO of Citibank China described the decision as a "difficult long-term choice" aimed at focusing resources on more efficient corporate banking and leveraging global network advantages [4]. - In October 2023, Citibank announced the sale of its personal wealth management business in mainland China to HSBC China, with the transaction completed by June 2024 [5]. Group 3: Workforce Adjustments - In June 2023, Citibank was reported to initiate a large-scale layoff, planning to reduce approximately 3,500 technical staff in its global technology centers in Shanghai and Dalian [6]. - This adjustment is part of Citibank's financial plan for 2025, expected to be completed by the fourth quarter of 2025 [6]. Group 4: Leadership Changes - On August 7, Citibank China announced the approval of new leadership appointments, including Aveline San as the new chairman [6]. - Aveline San emphasized the bank's commitment to leveraging its global network to provide international standard services to corporate clients in China [6].

花旗集团将委托贝莱德公司帮助管理数百亿美元的客户投资，此举将使得花旗关闭内部仅存的资产管理 部门，并将财富部门的更多服务进行外包。 两家公司周四宣布，在新的合作协议中，贝莱德将管理该行数千名最富有客户的资产，这些客户目前在 花旗投资管理开户。贝莱德目前已管理着花旗集团6350亿美元客户投资中的一部分，此次将接管花旗仍 自行管理的剩余800亿美元。 "我们无法独自将这个平台扩大一倍，这远不如我们与贝莱德合作那么强大。"花旗集团财富管理业务主 管Andy Sieg采访时说道，"我们让世界上最全球化的银行与全球领先的资产管理公司合作，来实现这一 目标。" 花旗投资管理是其财富管理业务的一部分，虽然该部门将继续存在，但花旗最后的自营资产管理业务和 一些投资组合经理将转投贝莱德。据花旗集团发言人Mark Costiglio，将有不到100名员工转投贝莱德。 根据协议，贝莱德将获得管理费，而花旗集团将保留为客户提供咨询服务的费用。客户将在未来几个月 内收到变更通知。新安排预计将于年底前完成。 这是花旗集团精简财富管理业务的关键一步。该业务已将重点转向大众富裕阶层，并力争从富裕人士手 中抢占更多份额。这是首席执行官Jane ...

Citigroup has exited from a key payment network in China after it closed its retail banking business in the nation https://t.co/ToT8qLn5oc ...

Group 1 - China UnionPay has announced the termination of Citibank (China) Co., Ltd.'s membership, meaning Citibank China will no longer conduct payment business through the UnionPay network [1] - Citibank China has undergone a leadership change, with Steven Lo stepping down as chairman and Aveline San taking over [3] - Citibank has been restructuring its global strategy, planning to exit personal banking in 14 markets, including Asia, Europe, the Middle East, and Mexico, with a focus on corporate and institutional clients in China [3][4] Group 2 - As of the end of 2024, Citibank China's assets totaled 176.1 billion yuan, with an operating income of approximately 5.8 billion yuan and a net profit of about 1.8 billion yuan, reflecting year-on-year growth of 21% and 54% respectively [5] - The number of employees at Citibank China decreased to 229,000, down by 10,000 year-on-year, as the company plans to reserve $600 million for severance costs in 2025 [5]

Group 1 - The U.S. Commodity Futures Trading Commission (CFTC) has announced charges against multiple firms for compliance violations, resulting in a total fine of $8.3 million [1] - Citigroup was fined $1.5 million for failing to submit accurate large trader reports from at least 2015 to 2022 and for not maintaining regulatory records for 10 weeks in 2023 [1] - UBS was penalized $5 million for inadequate supervision of its trading monitoring program from at least 2015 to 2024 [1] Group 2 - SMBC Capital Markets, Santander Bank, and Bank of New York Mellon were each fined $500,000 for record-keeping and supervision violations [1] - The CFTC stated that the involved companies have completed or are nearing completion of remedial measures and have agreed to avoid further violations of the Commodity Exchange Act and CFTC regulations [1]

Group 1 - Citi Wealth has selected BlackRock to manage approximately $80 billion in assets for its clients, enhancing its portfolio offerings [2][3] - The collaboration aims to combine Citi's relationship-driven advice with BlackRock's investment expertise and technology [3][4] - BlackRock will implement a variety of investment strategies, including core, opportunistic, thematic, equities, fixed income, and multi-asset class strategies [3] Group 2 - Citi has adopted BlackRock's Aladdin Wealth technology platform to support its private bankers and investment professionals with advanced risk and portfolio management capabilities [4] - The announcement coincided with Merrill and Bank of America's launch of a private market program targeting ultra-high-net-worth clients [5] - Recent research indicates a shift among higher-income Americans towards reactive financial management, with 52% of individuals earning $100,000 or more now identifying as "reactors" [6][7]

Flash | 01 Sep 2025 10:32:15 ET │ 9 pages China Materials Takeaways from Copper Expert Call with SMM; China Copper Cathode Output to Decrease MoM in Sep 2025 on Policy Disruption CITI'S TAKE We hosted a copper expert call with SMM on 1st Sep. Mr. Ye Jianhua, Chief Copper Analyst at SMM, attended the meeting. SMM expects the policy of Regulating Investment Promotion Activities (see our note here) that takes effect from 1st Sep 2025 will likely increase the tax burden of recycling copper producers and result ...

Partnerships & Asset Management - Goldman Sachs 与 T Rowe Price 合作，旨在获取退休资产 [1] - Citigroup 将 800 亿美元资产交给 BlackRock 管理 [1] Mergers & Acquisitions - 行业预计并购活动可能创下纪录 [1]

格隆汇9月4日｜花旗集团正将旗下数百亿美元客户投资委托给贝莱德管理，此举将关闭其最后一个仍在 运营的内部资产管理平台，并进一步将其财富管理部门的产品外包。两家公司表示，在这项新合作中， 贝莱德将接管目前由花旗投资管理公司管理的数千名高净值客户的资产。贝莱德此前已管理着花旗6350 亿美元客户资产中的一部分，而此次将接手花旗此前仍自行管理的最后800亿美元资产。花旗财富业务 主管安迪·西格表示，"我们自身并不具备将这一平台规模扩大一倍的实力，也无法达到跟贝莱德一起合 作所能实现的水平，现在是全球最国际化的银行，与全球领先的资管公司联手，共同推动这一变革。" ...