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Citigroup profit beats estimates on reserve release

David Henry and Anirban Sen
Posted at Jul 15 09:30 AM

Citigroup Inc comfortably beat market estimates for second-quarter profit on Wednesday as the economic recovery allowed the bank to release loan loss reserves and offset a plunge in revenue from lower trading and credit card lending. Read more »

Tennis: Nadal to return to action at Citi Open

Reuters
Posted at Jul 08 09:53 PM

Reuters World number three Rafa Nadal will return to action for the first time in more than a month at the Citi Open in Washington, organisers said on Thursday, as the Spaniard looks to put his French Open semi-final defeat by Novak Djokovic behind him. Read more »

This ex-tricycle driver now sells 400 kilos of fried chicken every day

RHIA GRANA
Updated as of Jun 22 09:52 AM

With the earnings from his fried chicken business, Joymar Olarte was able to buy five tricycles, a 4x4 Suzuki multicab, a Mitsubishi L-300, and a 600-square meter lot.   Read more »

Bangko Sentral 'coordinating' with Citibank as Citigroup trims retail banking business

ABS-CBN News
Posted at Apr 23 12:07 PM

The Bangko Sentral ng Pilipinas said Friday it was coordinating with Citi Philippines after the global Citigroup earlier announced the planned exit of its retail banking business in the country.    Read more »

Citigroup trims global consumer banking profile as earnings jump

Agence France-Presse
Posted at Apr 16 11:08 AM

Most of the markets being exited are in Asia, where Citigroup's global consumer banking business at the end of 2020 had $6.5 billion in revenues and $123.9 billion in deposits.   Read more »

Citi declares 'Zoom-Free' Fridays amid pandemic work fatigue

Agence France-Presse
Posted at Mar 24 09:15 AM

Citi will institute "Zoom-Free Fridays" and establish an employee day-off in May as firms seek to restore work-life balance amid the pandemic, the bank's new chief executive announced Tuesday. Read more »

New credit card deals aim to help jumpstart recovery of restaurant industry

ABS-CBN News
Posted at Nov 30 04:00 PM

Citi Philippines recently introduced its lineup of dining promotions to help restaurant owners as well as consumers to slowly adapt to the "new normal" brought about by the COVID-19 pandemic.  Read more »

Citigroup names Jane Fraser as first woman CEO

John Biers, Agence France-Presse
Updated as of Sep 11 08:18 AM

Citigroup named Jane Fraser as its next chief executive on Thursday, tapping a woman to lead a giant Wall Street bank for the first time. Read more »

Citi offers new cashless option with PayAll

ABS-CBN News
Updated as of Feb 18 05:33 PM

Citi customers can pay for rent, professional fees, tuition and membership dues as well as select insurance payments with their credit cards by tapping Citi PayAll in the bank's mobile app, Citi Philippines banking head Manoj Varma said.   Read more »

Rate cuts good, but 'clarity' over global issues better for business: Citi CEO

Cathy Yang, ABS-CBN News
Posted at Dec 11 05:44 PM

As central banks around the world cut interest rates to boost their economies, the head of one of the world's largest financial companies said interest rates can only do so much and businesses want "clarity" more.  Read more »

Maja blanca with P2.4 million annual sales seeks place on Noche Buena table

Jessica Fenol, ABS-CBN News
Updated as of Nov 28 10:45 AM

The 28-year-old father of 1 grew a P10,000 micro entrepreneur loan 5 years ago into PK Maja's Special, supplying puto and kutsinta topped with cheese to schools, groceries and restaurants in 9 cities and towns in Batangas, south of the capital. Read more »

BSP pushes for digital services, microfinancing for small businesses

Jessica Fenol, ABS-CBN News
Updated as of Nov 27 07:26 AM

The BSP aims to improve the exposure of micro, small and medium enterprises’ (MSMEs) to loans by supporting policies for innovative services, Diokno said in a speech during the 17th Citi Microentrepreneurship Awards.  Read more »

Tennis: Kyrgios edges Medvedev to win ATP Washington Open title

Jim Slater, Agence France-Presse
Posted at Aug 05 10:10 AM

Shaking off back spasms to blast 18 aces, Australia's Nick Kyrgios kept his composure and captured the ATP Washington Open title Sunday, defeating Russia's 10th-ranked Daniil Medvedev 7-6 (8/6), 7-6 (7/4). Read more »

Tennis: Americans Stephens, Gauff crash out in Washington

Reuters
Posted at Jul 31 10:31 AM

Sloane Stephens crashed out of the Citi Open in Washington as she suffered a stunning 6-2 7-5 first-round loss to Swede Rebecca Peterson on Tuesday while teenager Cori 'Coco' Gauff also fell in straight sets. Read more »

Defending champion Zverev beat Tsitsipas to return to final

Reuters
Posted at Aug 05 09:45 AM

Champion Alexander Zverev cruised into the final of the Citi Open with a 6-2 6-4 victory over Greece's Stefanos Tsitsipas in Washington on Saturday. Read more »

Tennis: Fatigued Murray withdraws from Citi Open, Rogers Cup

Reuters
Posted at Aug 04 11:04 AM

Former world number one Andy Murray withdrew from the Citi Open on Friday, citing fatigue. Read more »

Alexander wins battle of Zverev brothers at Citi Open

Reuters
Posted at Aug 03 05:59 PM

Alexander Zverev got the better of older brother Mischa at the Citi Open in Washington on Thursday, winning their first meeting at an ATP Tour event 6-3 7-5. Read more »