Tag: Citigroup Inc.

Citigroup Sprucing Up Crypto Division With 100 New Hires

November 23, 2021
bitcoinBusiness & EconomyCitigroup Inc.Companiescryptocurrenciesdigital currencieseconomyMarketsUS
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Citigroup is going to hire 100 new roles to task its institutional digital assets division that includes blockchain and digital currencies in a push to tap into a sector that has lately been gaining mainstream appeal. The team will be led by Puneet Singhvi, head of blockchain at Citi’s global markets operation. Singhvi will be…

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As Yields Rise, Some US Banks Shift Cash to Treasuries

October 15, 2021
Business & EconomyCitigroup Inc.InvestmentJPMorganU.S. banks
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Some big U.S. banks are buying more U.S. government securities as yields start to rise and the Federal Reserve appears ready to taper its bond-buying program—a balance sheet shift that analysts say could boost bank earnings by several percentage points depending on how they play their hands. Bank of America Corp. and Citigroup Inc. on…

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