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From this Fool's perspective, Citi's secret sauce is its global reach, capability, and commitment. 53.1% of total revenue coming from overseas operations is a serious commitment.
Government securities typically exclude floating or variable rate bonds, US/Canadian savings bonds and private placements. It is not possible to invest directly in such an index. On August 31, 2017, London Stock Exchange Group (LSEG) completed the acquisition of The Yield Book and Citi Fixed Income Indices businesses from Citi.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank , and Travelers ; Travelers was spun off from the company in 2002.
The CVA (and xVA) applied to a new transaction should be the incremental effect of the new transaction on the portfolio CVA. [12] While the CVA reflects the market value of counterparty credit risk, additional Valuation Adjustments for debit, funding cost, regulatory capital and margin may similarly be added.
A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues.
During the 2007–2008 financial crisis, Citigroup suffered large losses in its retained collateralized debt obligation exposure (loans that Citi underwrote but was not able to sell), and had to be rescued by the U.S. federal government. They decided to sell or close "non-core" businesses in order to raise money.
Citigroup's financial infrastructure powers much of the global economy, but is difficult to upgrade. A move to Google Cloud announced today could change that.
Fundamentally based index funds have higher expense ratios than the traditional capitalization weighted index funds. For example, the Powershares fundamentally based ETFs have an expense ratio of 0.6% (the U.S. index ETF has an expense ratio of 0.39%) while the PIMCO Fundamental IndexPLUS TR Fund charges 1.14% in annual expenses. [25]