The International Banking Corporation (later acquired by Citibank) opens a branch in Yokohama
Smith Barney opens a representative office in Tokyo
First National City Corporation changes its name to Citicorp
First National City Bank becomes Citibank, N.A.
Smith Barney opens a branch in Tokyo
Salomon Brothers opens a representative office in Tokyo
Salomon Brothers opens a branch in Tokyo
Salomon Brothers merges with Smith Barney to become Salomon Smith Barney
Citicorp merges with Travelers Group, which owns Salomon Smith Barney, to form Citigroup
Opens a base in Naha
Citi celebrates its 200th anniversary
Establishes Japan Desks in Vietnam and Mexico, expanding its network
Talking Diversity with Citi Leadership: Recognizing Black History Month and Supporting our Black Heritage Affinity
- February 26, 2018
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- Stephen Bird and Mark Mason are co-leads of Citi's Black Heritage Affinity. Here they share their thoughts around Black History Month in the U.S. and our support for our Black colleagues across the globe.
- Black History Month 2
- February is Black History Month in the U.S. It is a time to celebrate the achievements of Black Americans and recognize the important and defining role they have played and continue to play in shaping the history of the United States. As co-leads of Citi's Black Heritage Affinity, this month is important to us and to the members of our 10 U.S.-based Black Heritage Network chapters for many reasons. First, it gives us an opportunity to more fully understand and appreciate the role that Black Americans occupy in our national past and present, which in turn enables us to work toward creating a more inclusive future. This is a celebration but also a reflection, which provides us all with a pointed opening to ask the difficult questions of ourselves and to have the sometimes uncomfortable conversations necessary to help us promote progress.
- To help celebrate the accomplishments of this incredible community and shine a spotlight on the ongoing challenges they face, this month we held a series of events with colleagues featuring inspiring speakers who brought up thought-provoking topics that led to healthy conversations and an honest dialogue about the work that remains to be done.
- This year, our theme for Black History Month was "Lift Every Voice" and through these events and other internal forums we hoped to turn our attention to using our collective voices to facilitate conversations on race as a company in a productive manner so we can all benefit and learn. At one of our flagship events with colleagues in Chicago we sat down with Dr. Khalil Muhammad who led us in a candid discussion about the intersections of race and democracy in the U.S. Dr. Muhammad is a professor of history, Race and Public Policy at Harvard Kennedy School and the Suzanne Young Murray Professor at the Radcliffe Institute for Advanced Studies. Our session with Dr. Muhammad uncovered how to break down barriers impeding racial progress and move our society forward. In addition, we held a workshop with many of our senior leaders to help them build their capabilities on how to discuss the implications of race in the workplace. Through this workshop and other sessions like it, we are making efforts to equip our leaders to have these important conversations.
- This month, we also announced that
Jane Fraser becomes Citi's first female CEO—the first woman to lead a major U.S. bank
Citibank will redeem $2 billion of its 5.488% fixed‑rate notes due 2026 and $500 million of its floating‑rate notes due 2026. The redemption will take place on November 4, 2026. The cash redemption price will equal par plus accrued and unpaid interest up to the redemption date.
The China Securities Regulatory Commission approved Citi to establish a wholly owned securities venture in China. The onshore company will offer equities brokerage, securities underwriting, research and principal trading, complementing Citi’s global capabilities and supporting domestic and foreign clients.
Citi and American Airlines are enhancing two Citi/AAdvantage credit cards with more ways to earn and new travel benefits. The provided text does not specify the details of these changes.
The article outlines Ashish Bajaj’s strategy as Head of Citi Services for North America. He is focused on deepening relationships with multinational clients and delivering differentiated solutions at scale.
Citi announced on October 21 that its Board of Directors had appointed James (Jim) Flanagan as a new independent director, effective immediately. Chair and CEO Jane Fraser highlighted his extensive experience in risk, operations, technology, and accounting.
Anand Selvakesari says AI depends on trust, supported by stronger controls, data foundations and operational discipline built through Citi’s Transformation. Modern standardized platforms have replaced fragmented processes, positioning Citi to scale responsible AI, simplify operations and drive innovation for clients.
Citi has issued a $72 million carbon removal‑linked note to provide upfront capital for Applied Carbon’s biochar project, marking the first outcome bond tied to verified carbon removal. The bond creates a new model for private capital to fund large‑scale carbon removal projects, linking investor returns directly to the generation of verified carbon credits and supporting the scaling of Applied Carbon’s mobile pyrolysis platform that converts agricultural waste into biochar.
Citigroup’s board declared a quarterly common stock dividend of $0.67 per share, payable November 25, 2026, to shareholders of record November 2. It also declared preferred stock dividends, including a Series Y dividend payable November 16 to holders of record November 6.
Citi announced “Citi Centenary Week 2026” to mark 100 years since it began operating in Australia. During the week, it plans to hold an investment conference covering investment opportunities in Australia and New Zealand, as well as a forum to discuss the future of the Australian economy.
Citi says governments and private companies are competing more intensely for funding for infrastructure and AI investment amid higher-for-longer interest rates. Sovereign and corporate issuers are diversifying funding sources, including through local-currency markets. AI infrastructure, energy security and sovereign financing are key investment themes, while public-private partnerships and sovereign wealth funds are playing a growing role in mobilizing capital.