Citi Raises Base Rate

Citigroup Inc

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Financials : Banks | Large Cap Value

Company profile

Citigroup Inc. is a diversified financial services holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Its segments include Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), Legacy Franchises and Corporate/Other. ICG segment consists of services, markets and banking that provides corporate, institutional, and public sector clients with a range of wholesale banking products and services. Its PBWM segment consists of United States (US) personal banking and global wealth management. The US personal banking includes retail banking, which provides traditional banking services to retail and small business customers. Its Legacy Franchises segment includes Asia consumer banking, Mexico consumer banking/Mexico small business and middle-market banking (SBMM) and legacy holdings assets.

Citi Raises Base Rate

4:22 pm ET March 22, 2023 (BusinessWire) Print

Citibank, N.A. said today it has raised its base lending rate to 8.00% from 7.75%, effective tomorrow, Thursday, March 23, 2023.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | Twitter: @Citi | LinkedIn:www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

View source version on businesswire.com: https://www.businesswire.com/news/home/20230322005722/en/

SOURCE: Citi

Media: Danielle Romero-Apsilos (212) 816-2264
Investors: Jennifer Landis (212) 559-2718

COMTEX_427272120/1006/2023-03-22T16:22:00