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Citi

‘If there’s no bottom rung on the ladder, it’s really hard to leap up’: Nonprofits focused on Gen Z employment get $25m Citi Foundation windfall

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Young jobseekers, challenged by a rapidly changing labor market, are having a tough time. The U.S. unemployment rate for 22- to 27-year-old degree holders is the highest in a dozen years outside of the pandemic. Companies are reluctant to add staff amid so much economic uncertainty. The hiring slump is especially hitting professions such as information technology that employ … Read more

Another Wall Street Pivot: Citi Plans To Launch Crypto Custody Services In 2026

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Following Morgan Stanley’s recent advice to clients to allocate 2-4% of their investment portfolios to crypto, another Wall Street banking institution is pivoting to the crypto industry. Citigroup has announced plans to launch digital asset custody services by 2026. JP Morgan and US Bank have already begun offering crypto infrastructure services. Now, it seems entirely … Read more

Citi plans 2026 launch for crypto custody service amid Wall Street’s digital push

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Key Takeaways Citi plans to introduce crypto custody services in 2026, reflecting increasing institutional interest. The bank is supporting stablecoin company BVNK to expand into tokenized and digital asset services. Share this article Citi plans to launch its crypto custody service in 2026 as the major US bank advances its digital asset strategy amid growing … Read more

Why Citi believes blockchain is ‘here to stay’ on Wall Street

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When Satoshi Nakamoto introduced Bitcoin to the world in 2008, the pseudonymous coder envisioned his decentralized currency as a reaction to the financial crisis that paralyzed the global economy. But nearly two decades later, the once renegade crypto industry has become increasingly intertwined with Wall Street. On the latest episode of Fortune’s Crypto Playbook (which … Read more

Citi invests in stablecoin firm BVNK, its valuation now exceeds $750M

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Key Takeaways Citi has invested in stablecoin infrastructure company BVNK through its venture capital arm. BVNK co-founder Chris Harmse confirmed the company’s current valuation exceeds its previously reported $750 million mark. Share this article Citi Ventures, Citigroup’s venture capital arm, has invested in BVNK, a London-based stablecoin payment infrastructure provider, pushing the startup’s valuation above … Read more

Citi backs stablecoin firm as big banks warm to crypto

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BVNK co-founders (L to R) Donald Jackson, Jesse Hemson-Struthers and Chris Harmes, at the company’s San Francisco Office. BVNK Citi has invested in stablecoin infrastructure company BVNK, the startup told CNBC on Thursday, as big U.S. banks ramp up their presence in the cryptocurrency and digital asset space. Stablecoins are a type of digital asset … Read more

Citi charges $595 for ‘Strata Elite’ credit card to rival Amex, Chase

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Citigroup Inc. launched a premium credit card designed to rival ones offered by JPMorgan Chase & Co. and American Express Co., the latest entrant in the increasingly crowded market for cards offering high-end perks. The ‘Strata Elite’ card will feature an annual fee of $595 — a price that the bank says can unlock almost … Read more

Citi CFO leans into AI as Q2 earnings surge past expectations

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Good morning. Citi delivered a strong second quarter as C-suite leaders and consumers continue to adapt to persistent tariff and economic uncertainty. During a media call on Tuesday morning ahead of Citi’s earnings call, CFO Mark Mason shared insights on the company’s performance—net income for the second quarter was $4 billion, up 25% year over year—and client … Read more

JPMorgan and Citi Explore Stablecoins as Digital Payments Grow In Popularity

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Two of the world’s largest banks are stepping further into the stablecoin world. JPMorgan and Citigroup are both exploring how these digital assets could become part of mainstream finance, and this time, it is more than just talk. On recent earnings calls, JPMorgan CEO Jamie Dimon and Citigroup CEO Jane Fraser confirmed that their institutions … Read more

BofA analyst raises price target for Citi to $100, takes bullish view of Fraser’s restructuring

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It’s been three years since Jane Fraser unveiled her strategic vision for Citi and, during that time, the CEO has come under significant criticism for her overhaul of the country’s third biggest bank. But a Bank of America analyst thinks Fraser is giving the bank a shot at becoming competitive, according to a June 26 … Read more

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