Key insight: Citi is putting most of its employees through prompt training in the hopes of improving productivity. What's at stake: Poor prompting risks degraded competitiveness and slower operational outcomes. Forward look: Prepare for expanded agentic AI rollouts and governance decisions across financial firms. Source: Bullets generated by AI with editorial review. Citi is kicking off a new AI training program that will teach employees how to write better prompts for the bank's generative AI prog ...

By Rashika Singh and Joel Jose (Reuters) -Citigroup has raised its forecast for AI-related infrastructure spending by tech giants to surpass $2.8 trillion through 2029, from $2.3 trillion estimated earlier, citing aggressive early investments by hyperscalers and growing enterprise appetite. The AI boom ignited by ChatGPT's launch in late 2022 has continued to fuel staggering capital outlays and data center expansion despite a brief crisis of confidence sparked by China's cheaper DeepSeek model and linger ...

港交所文件显示：花旗集团在 招商 银行 的持股比例于09月24日从5.07%降至4.97%。 ...

As reported by Bloomberg, Raghavan directly approached Citi chief executive Jane Fraser in 2023, when she was struggling to find a leader for investment banking. He pitched himself as the one who could revive the division. Within days, he was on a flight to New York and sealed the deal.Since his arrival, Citi has gained ground in investment banking. The bank has advised on marquee transactions such as Johnson & Johnson’s $14.6 billion acquisition of Intra-Cellular Therapies and Nippon Steel’s $15 billion t ...

Core Viewpoint - Citigroup has raised its three-month price targets for gold and silver to $4,000 and $55 per ounce, respectively, following optimistic predictions for gold and silver prices reaching $3,800 and $45 per ounce [1] Group 1: Price Targets - The target for gold has been increased to $4,000 per ounce, reflecting a bullish outlook [1] - The target for silver has been raised significantly to $55 per ounce, indicating a substantial relative value upside as gold approaches $4,000 [1] Group 2: Market Conditions - Citigroup suggests maintaining a technical bullish stance in the short term, given the ongoing cyclical and structural tailwinds [1] - Key catalysts to monitor include the court ruling regarding former President Trump's dismissal of Federal Reserve Governor Cook and tariff issues [1]

India is revamping a key funding market, echoing the global shift away from Libor, as banks cede influence over daily borrowing costs.The nation’s financial benchmark administrator and the central bank are phasing in the Secured Overnight Rupee Rate, or SORR, to eventually replace the Mumbai Interbank Outright Rate — a gauge long used by institutions to set the rates on products from bank deposits and swaps to some consumer loans. Also readMibor underpins almost $1 trillion in interest-rate swaps, yet it’s ...

Core Insights - Citi and Dandelion have announced a collaboration to enhance cross-border payments through the integration of Citi's WorldLink Payment Services and Dandelion's digital wallet network [1] - The collaboration aims to provide near-instant, full-value payments into digital wallets globally, initially targeting the Philippines, Indonesia, Bangladesh, and Colombia, with plans for further expansion [1][1] - This solution addresses the growing need for business-to-consumer (B2C) payments, facilitating various transactions such as payroll, social benefits, and customer refunds [1][1] Company Overview - Citi's payments network processes over 11 million instant payments daily and handled nearly $380 billion in cross-border transaction volumes in 2024 [1] - The collaboration with Dandelion enhances Citi's WorldLink Payments Services, allowing cross-border payments in over 135 currencies through various methods, including traditional wires and instant payments [1][1] - Citi's WorldLink solution enables clients to send full-value, near-instant payments to over 150 digital destinations, including bank accounts and mobile wallets [1][1] Industry Impact - The partnership with Dandelion, which operates in over 63 countries, will extend Citi's reach into markets where digital wallets are prevalent [1][1] - By integrating Dandelion's network, businesses can achieve a more streamlined and secure method for disbursing funds directly into mobile wallets, enhancing the efficiency of financial transactions in digital economies [1][1]

Core Insights - Whales have adopted a bullish stance on Hewlett Packard, with 51% of trades being bullish and 48% bearish, indicating a positive sentiment among large investors [1] - The projected price targets for Hewlett Packard range from $20.0 to $25.0 over the last three months, reflecting the focus of significant options trades [2] - The average open interest for options trades is 9,865.33, with a total volume of 325,618.00, suggesting strong liquidity and interest in the stock [3] Options Trading Activity - Significant options trades include multiple bullish call options with total trade prices ranging from $123,000 to $3.7 million, indicating strong investor confidence [8] - A notable bearish call option was also detected, priced at $63,600, which may reflect some caution among certain investors [8] Market Position and Analyst Ratings - Hewlett Packard's current market standing shows an average target price of $24.0 from five analysts, with ratings ranging from Neutral to Buy [11][12] - Analysts from Citigroup and B of A Securities maintain Buy ratings with target prices of $26 and $25, respectively, while others hold Neutral ratings with targets between $21 and $25 [12] Company Overview - Hewlett Packard Enterprise is a key player in the information technology sector, providing hardware and software solutions, with a focus on hybrid clouds and hyperconverged infrastructure [9]

Core Insights - Citi plans to integrate its blockchain-based token services platform with its clearing solution to enhance cross-border payment capabilities for institutional customers in the U.K. and U.S. [2][4] Group 1: Integration and Capabilities - The integration will enable a 24/7, multibank cross-border instant payments capability, marking an industry first [2][4] - This solution allows corporate and financial institution clients to initiate payment transactions and manage liquidity almost instantaneously across Citi and non-Citi accounts worldwide [3][4] Group 2: Network and Market Reach - Citi's 24/7 USD Clearing solution supports over 250 banks across more than 40 markets, providing round-the-clock connectivity [4] - The service is initially rolling out in the U.S. and U.K., with plans for future expansion to other regions [4] Group 3: Recent Collaborations - Citi recently integrated its cross-border payments solution with Dandelion's digital wallet network, allowing near-instant payments to digital wallets globally [5][6] - This capability will initially be available in Bangladesh, Colombia, Indonesia, and the Philippines, with future expansion plans [5][6] Group 4: Targeted Solutions - The new offerings enhance Citi's services for financial institutions, particularly in the remittances space, and enable faster B2C payments for corporate clients [6][7] - The solution addresses the growing need for B2C payments into wallets, including payroll, expense reimbursements, and social benefits [7]

Core Viewpoint - Citigroup suggests that the Federal Reserve should consider adopting SOFR as the new policy interest rate to replace the current federal funds rate [1] Group 1 - Citigroup advocates for a transition from the federal funds rate to SOFR, indicating a potential shift in monetary policy framework [1]