Latest news with #Citigroup Inc
Bloomberg
7 days ago
- Business
- Bloomberg
Rupiah to Consolidate Before Further Gains, Citi Strategist Says
The Indonesian rupiah's recent gains are set to pause in the coming month before advancing to levels last seen in December, according to the currency's top forecaster. Emerging market currencies, especially those that are high-yielding, tend to weaken for various reasons in August, said Rohit Garg, head of foreign exchange and rates strategy Asia ex-Japan for Citigroup Inc. By the end of the year, the strategist forecasts the rupiah to rally almost 2% against the dollar.
Bloomberg
15-07-2025
- Business
- Bloomberg
Citigroup Looks to Issue Its Own Stablecoin to Smooth Payments
By and Emily Mason Save Citigroup Inc. is considering issuing its own stablecoin, positioning the company as a possible early mover in the push by traditional banks to expand into cryptocurrencies. 'We are looking at the issuance of a Citi stablecoin,' Chief Executive Officer Jane Fraser said on an earnings conference call with analysts Tuesday, adding that the bank is also focused on tokenized deposits and custody for cryptoassets.
