Citigroup and cryptocurrency exchange Coinbase plan to collaborate on digital asset payment solutions for the U.S. bank's institutional clients, to expand the offering to global clients in the future.
Citi and Coinbase plan to collaborate on digital asset payment capabilities for the bank's clients, starting with its institutional clients and potentially expanding to its other global clients in the future.
The moves reflect steps to ensure leadership continuity atop the New York bank, and are directly tied to Fraser's performance as CEO, Citigroup said.
C is set to exceed $84B in 2025 revenues as CEO Jane Fraser's transformation plan fuels growth, efficiency and strategic expansion.
C's Q3 earnings surge past estimates on robust NII and investment banking growth, sending the stock higher in pre-market trade.
Citigroup CEO Jane Fraser said the company's use of artificial intelligence has saved time and allowed it to free up 100,000 hours of weekly capacity for software developers.
Citigroup CEO Jane Fraser's multiyear effort to rebuild the once-sprawling bank into a leaner, technology-driven institution is beginning to deliver results. The bank reported its third-quarter 2025 earnings results Tuesday (Oct. 14), sharing that each of Citi's five core businesses (Services, Markets, Banking, Wealth and U.S. Personal Banking) posted record quarterly revenues.
Citigroup posted stronger-than-expected third-quarter results on Tuesday, with all its business divisions generating record revenue. The results highlight the US banking giant's growing strength across lending, trading, and investment banking as corporate dealmaking accelerates and consumer activity remains robust.
Citigroup Inc (NYSE:C) on Tuesday reported better than expected financial results for its third quarter 2025, as bigger mergers and capital-raising deals boosted performance across its markets, banking, services, wealth, and US retail divisions. The bank saw its revenue for the quarter reach $22.09 billion, edging past the $21.09 billion expected by a LSEG survey of analysts, with every division generating record revenue.
Citi's net income rose 15% to $3.8 billion from a year earlier, while revenues were up 9% as every business posted record numbers.
U.S. Stock Futures Jump to Start a New Week.
Pre-market futures are up at this hour, but on a downward trajectory. Market participants purged a bit yesterday of new all-time-high closes Wednesday on the S&P 500 and the Nasdaq, but remain near those strong levels.