Bloomberg reported that Citigroup named Shane Azzara the successor to Shapleigh Smith as head of asset-based and transitional finance. According to Bloomberg, Smith will retire in May. read more

APR 15, 2024 - 6:32 am

Citi appointed Joy Cheng head of Citi Commercial Bank in Hong Kong, succeeding Anson Kwok, who retired on Jan. 1. Cheng has more than 30 years of experience and was previously head of corporate banking for Citi in Hong Kong. read more

FEB 20, 2024 - 7:23 am

Citi and LuminArx Capital announced the launch of Cinergy, a financing vehicle in the private lending market. Launched by LuminArx Capital, Cinergy will offer a range of private credit solutions to companies, including Citi’s global client base. read more

JAN 22, 2024 - 6:37 am

Citi agreed to sell its onshore consumer wealth portfolio in China, including clients, assets under management and deposits, to HSBC Bank China. The transaction covers total deposits and investment assets under management of approximately $3.6 billion. read more

OCT 10, 2023 - 6:55 am

Citi unveiled changes to its organization model, introducing a new, flatter structure that elevates the leaders of five businesses and eliminates management layers with the goal of accelerating decision making, increasing accountability and strengthening client focus. read more

SEP 14, 2023 - 7:19 am

Voyager Aviation Holdings, an aircraft asset lessor and manager, closed a five-year, senior secured warehouse facility with an initial committed amount of $500 million. Citi is acting as the administrative agent and security trustee for the facility. read more

MAR 2, 2022 - 6:21 am

Stonepeak Partners and Bellinger Asset Management completed a broadly syndicated aircraft loan securitization: SALT 2021-1 Trust, which issued a total of $893.477 million of notes backed by loans secured by 156 aircraft operated by 45 airline operators located in 29 jurisdictions. read more

NOV 3, 2021 - 8:26 am

AerCap completed its acquisition of GE Capital Aviation Services from General Electric. The combined company will serve approximately 300 customers around the world. read more

NOV 1, 2021 - 6:40 am

Nathan Sheets, Ph.D., will be returning to Citi as its new global chief economist, based in New York, overseeing the global economics team and leading research across all areas of economics. He will officially begin in the role in October. read more

AUG 23, 2021 - 6:18 am

Funds managed by affiliates of Apollo Global Management and Merx Aviation, a global aircraft leasing, management and finance company, closed an issuance of $540.12 million of secured notes by MAPS 2021-1 Trust, a Delaware statutory trust. read more

JUN 21, 2021 - 6:27 am

SKY Leasing, an aircraft leasing company, closed an issuance of $663 million of secured notes by SLAM 2021-1 Limited and SLAM 2021-1 LLC (SLAM). SLAM expects to use a portion of the proceeds of the notes to acquire a portfolio of aircraft valued at approximately $885 million. read more

JUN 4, 2021 - 6:54 am

Nesco entered into a definitive agreement to acquire Custom Truck One Source for a purchase price of $1.475 billion. Nesco and CTOS are providers of specialized truck and heavy equipment solutions, including rental, sales and aftermarket parts and service. read more

DEC 7, 2020 - 7:41 am

The PNC Financial Services Group and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, signed a definitive agreement for PNC to acquire BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion. read more

NOV 16, 2020 - 7:15 am

Citi released a report that estimates the economic losses attributed to racial inequality in the U.S., which posits the lost GDP of systemic and societal racism and discrimination faced by Black people over the last 20 years to be $16 trillion and provides recommendations the public and private sectors can take to help close the gap. read more

SEP 23, 2020 - 5:47 am

Michael Corbat, CEO of Citi, will retire and step down from the company’s board of directors in February of 2021. Jane Fraser, currently Citi’s president and CEO of global consumer banking, will succeed Corbat as CEO and on the board of directors. read more

SEP 11, 2020 - 6:50 am