Citigroup CEO: Europe More Likely to Head Into Recession Than US

Citigroup CEO: Europe More Likely to Head Into Recession Than USCitigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession. Citigroup’s CEO on Global Recession Citigroup CEO Jane Fraser warned about the health of the global economy Friday, Reuters reported. Citi is the […]

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Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates

Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets AcceleratesSeveral major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion. Citi, Wells Fargo, BNY Mellon Participate in $105M Funding Round for Digital Asset Tech […]

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Citi Predicts Metaverse Could Be $13 Trillion Opportunity With 5 Billion Users

Citi Predicts the Metaverse Could Be a $13 Trillion Opportunity With 5 Billion UsersCiti has predicted that the total market for the metaverse economy could grow to between $8 trillion and $13 trillion by 2030. In addition, the global bank expects that the number of metaverse users could be as many as five billion. The Metaverse Is Potentially an $8 Trillion to $13 Trillion Opportunity, Says Citi Citi […]

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FBI Collaborates With Citibank, Sony, Japanese Authorities to Seize $180 Million in Bitcoin

FBI Collaborates With Citibank, Sony, Japanese Authorities to Seize $180 Million in BitcoinThe Federal Bureau of Investigation (FBI), in collaboration with Citibank, Sony, and Japanese law enforcement, has taken action to “return more than $154 million in funds that were allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation.” The U.S. Department of Justice detailed: “As a result of this coordinated effort, investigators obtained the ‘private […]

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Amex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics Platform

Amex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics PlatformAmerican Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal Invest in TRM Platform Crypto transaction monitoring and forensics platform TRM announced Tuesday investments […]

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Citigroup to Hire 100 People for Its Crypto Division: Report

Citigroup to Hire 100 People for Its Crypto Division: ReportCitigroup is reportedly looking to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and transparency.” Citigroup Growing Its Crypto Team Citigroup is reportedly looking to hire 100 people to grow its digital asset team within its […]

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Every Large Bank Will Actively Consider Crypto in 1-3 Years, Says Former Citi CEO

Every Large Bank Will Actively Consider Crypto in 1-3 Years, Says Former Citi CEOA former CEO of Citigroup said that every major bank and securities firm will consider crypto trading or services within one to three years. He also hopes that central banks worldwide will adopt digital currencies. Former Citi CEO Expects All Major Banks to Embrace Crypto in 1-3 Years Indian-American banker Vikram Pandit, a former CEO […]

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Citigroup Launches Digital Assets Group to Provide Clients Access to Cryptocurrencies

Citi Launches Digital Assets Group to Provide Clients Access to CryptocurrenciesCitigroup has reportedly set up a “digital assets group” to offer clients access to cryptocurrencies, which will operate within the bank’s wealth management division. Citigroup has established a “digital assets group” within its wealth management unit, according to a memo to staff seen by Bloomberg. Iain Armitage, global head of capital markets for Citi Private […]

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Bank of America, Citigroup, Wells Fargo Unveil Their Cryptocurrency Policies

Bank of America, Citigroup, Wells Fargo Unveil Their Cryptocurrency PoliciesBank of America, Citigroup, and Wells Fargo have shared their policies regarding cryptocurrency before the U.S. Senate banking committee. The three banks are in different stages of offering crypto services to their clients. They also lag behind some of their peers, such as Morgan Stanley and Goldman Sachs, in offering access to investments with exposure […]

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