Citi Executes First Securities Lending Transaction in Romanian Securities
Citi has executed its first stock loan transaction in Romanian securities through its Agency Securities Lending business. This milestone follows previous successful launches of securities lending in a number of emerging markets further highlighting Citi s strength in this sector. We are pleased to have pioneered our first securities lending transaction in Romania, which is a key development in an emerging market with great potential, said Alin Duhnea, Senior Product Manager at Citi. The strength of our Securities Services business is our ability to deliver local expertise and innovation to our global clients. Our in-depth understanding of the market, close relationships with local regulators and market infrastructures, and client focus are the foundation of Citi s leading position in Romania.
Bloomberg, IHS Markit join race for SOFR credit add-on
BSBY index seen as ‘easy option’ add-on for regulator-preferred RFR; Markit preps for Q2 launch Print this page
Participants demanding a credit spread add-on for the secured overnight financing rate may now be spoilt for choice. Four firms are vying to be the go-to provider of a bank funding spread, which could be layered onto the Federal Reserve-backed Libor successor in US lending markets.
The newest entrants, Bloomberg and IHS Markit, have devised methodologies which broadly resemble a blueprint from Ice Benchmark Administration (IBA) for its Ice Bank Yield Index (BYI). All three have primary bank
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Mortgage Business 19 January 2021
The global bank has merged the wealth management teams in global consumer banking and institutional clients divisions to form a single wealth management organisation.
Citi has unified the wealth teams from its global consumer banking and its institutional clients group to form a new wealth unit, Citi Global Wealth.
The single integrated platform now includes Citi Private Bank and Citi Personal Wealth Management businesses.
Citi Private Bank serves more than 13,000 ultra-high-net-worth clients, with around US$550 billion ($714 billion) in total client business. The group reported that its clients now include 25 per cent of the world’s billionaires and more than 1,400 family offices in more than 100 countries.