In the U.S., Citi continued to evolve its retail bank model to drive national scale. Branded Cards, Mexico and Technology â to drive a superior experience for clients, enhance our infrastructure and controls, strengthen cybersecurity and deliver value for Citi shareholders. In 2019, digital onboarding went live in 25 countries - covering 58% of our global volumes. Citi also structured a convertible equity portfolio financing solution for NextEra Energy Partners (NEP) and KKR to fund a renewables portfolio, a unique structure that met the strategic, corporate finance and return objectives of both clients. Scaling Enterprise will facilitate vital growth financing to companies that are expanding access to finance, agriculture, energy, affordable housing, water and sanitation to low-income households in emerging markets. In 2019, we built out our predictive analytics team to help us better understand how we attract, retain and promote top talent. In 2019, Citibanamex showcased how an innovative financial inclusion effort is delivering on the firm's mission to enable growth and economic progress. Specific offerings include payments and receivables, liquidity management and investment services, commercial card programs, and trade services and trade finance. As our clients continued to evolve and require a broad range of services, we also announced the formation of Equities and Securities Services, an integrated offering supporting the pre-trade, execution and post-trade requirements of our clients. Our earnings per share of $8.04 were up more than 20% compared with the year before. In the U.S., we offered Citigold clients commission-free purchases on ETFs and enhanced digital planning capabilities with Citi® Wealth Advisor, a digital financial planning solution for creating custom financial plans focused on the needs and goals that matter most. The $19.4 billion we earned on $74.3 billion in revenues was $1.4 billion higher than in 2018. In the communities we serve, one particular infrastructure gap is increasingly pressing: affordable housing. We think about our people in much the same way. We also disclosed that on an adjusted basis, women globally are paid on average 99% of what men are paid at Citi. P.O. Share repurchases pursuant to the January 2018 and January 2019 authorizations were completed in 2019. 12/31/2018. At the event, Mike discussed the pride we feel in the role that Citi has played as a catalyst of growth in the city and shared how Citi's $72 million investment affirms our commitment to Sioux Falls and South Dakota. Explanation and analysis of Alphabet/Google (GOOGL) financial statements from the annual earnings report. The science is clear: climate change is a monumental challenge, and we need to move toward a low-carbon global economy. We also enabled our real-time Pay with Points functionality. Citi Flex Loan enables customers to convert a portion of their credit line into a fixed rate personal loan, while Citi Flex Pay enables customers to finance purchases by converting eligible purchases into a fixed payment plan. ROTCE in 2018 excludes a one-time benefit of $94 million due to the finalization of the provisional component of the impact, based on Citi's analysis, as well as additional guidance received from the U.S. Treasury Department, related to the Tax Cuts and Jobs Act. At Citi, we actively seek diverse perspectives at all levels of our organization because we know that it will improve performance and boost innovation. CitiConnect®, our API connectivity platform, reached a new milestone with more than 157 million API calls processed by clients in 2019, compared with 18 million in 2018, representing a growth rate of 750%. 888 250 3985 What are you scared of, Google? We strive to earn and maintain the public's trust by constantly adhering to the highest ethical standards. Citi is a proud partner of the International Paralympic Committee. and owner of Quality Business Plan. We are innovating how we engage with, recruit and develop talent; we are using data more effectively to pinpoint our challenges and areas of opportunity for improvement; and we have increased accountability for our representation goals among people managers. The year concluded with several economic storm clouds lifting. The annual certification to that effect was made to the NYSE on May 13, 2019. The statement said simply that companies should take the interests of all stakeholders - including shareholders, colleagues, clients, suppliers and communities - into account when making decisions. Globally, we continued to strengthen our value propositions, expand co-brand partnerships, and provide new digital capabilities that make purchases faster, convenient and more rewarding. Google has an excellent pricing policy. $100 Billion Environmental Finance Goal: Financial Highlights, 2014â2019. In Mexico, Citibanamex remains one of the leaders in the credit card segment, with strong market share, compelling reward programs, ThankYou® Rewards and Premia, as well as market-leading promotions, including more than 2,500 agreements with retailers and businesses. Income Statement. 100% of the electricity used to manufacture McCoy is Green-e® certified renewable energy. With all the extra cash balances and the financing of the total assets, this company is highly inefficient in the use of its resources. CoDi is redefining the way charges and payments are made in Mexico - allowing monetary transactions to be more efficient and secure. The new building features open-concept working spaces to foster greater collaboration - a design Citi is using with its new buildings around the world. We have made significant commitments in support of a sustainable, low-carbon economy and are on the record for our strong support of the Paris Agreement. Issues core to our environmental, social and governance efforts include: The impacts of climate change are becoming increasingly clear - not just the physical effects of a warming planet as it threatens communities and reshapes urban infrastructure but also the economic impacts as every sector examines its material risks and opportunities associated with these changes. Citi is committed to contributing to solutions that address these issues. Changes to my management team include a new President of Citi and CEO of Global Consumer Banking, Jane Fraser; a new CEO of our Institutional Clients Group, Paco Ybarra; a new CFO, Mark Mason; and new heads of our three regions. Citi was a joint global coordinator and joint bookrunner on Alibaba Group's $12.9 billion Hong Kong secondary listing, which was the largest global technology follow-on in history and the largest ever follow-on by a Chinese issuer. While we recognize that we have much more to do, we are proud of where we are headed.
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