Shares of Citigroup Inc (NYSE:C) ended Monday session in green amid volatile trading. The shares closed up +0.60 points or 1.27% at $47.79 with 22.07 million shares getting traded. Post opening the session at $46.64, the shares hit an intraday low of $46.33 and an intraday high of $47.87 and the price vacillated in this range throughout the day. The company has a market cap of $137.05 billion and the numbers of outstanding shares have been calculated to be 2.91 billion shares.
On September 12, 2016 Citi has launched the fourth annual ‘E for Education’ charity campaign, a global initiative which has raised over $12 million for education focused charities. Citi’s FX business will donate $1 for every $1 million of FX transacted electronically between 12 September to 18 November 2016.
The ten-week charity campaign stretches across Citi’s offices in the United States, Europe, Middle East, Africa, Asia and Latin America. All proceeds will go to seven charities. Throughout the campaign there will also be a series of activities involving local schools including classroom teach-ins by staff, student CV clinics and trading floor visits.
Nadir Mahmud, Global Head of Foreign Exchange and Local Markets at Citi, said: “We are very proud of our campaign and this forms a key component of our corporate social responsibility. We believe that educating youth is one of the most powerful ways to make the world a better place. CitiFX provides these chosen charities with the funding necessary to provide children around the world with educational opportunities they may not otherwise have.”
Since its inception three years ago, CitiFX’s charity campaign has made a significant difference and improved the lives of children around the world by helping to provide the necessary resources such as training teachers, building and refurbishing schools and libraries. In addition, it has helped to address safety issues in educational premises and develop key language and computer skills.
Shares of Charles Schwab Corp (NYSE:SCHW) ended Monday session in green amid volatile trading. The shares closed up +0.23 points or 0.75% at $30.87 with 12.06 million shares getting traded. Post opening the session at $30.40, the shares hit an intraday low of $30.09 and an intraday high of $30.99 and the price vacillated in this range throughout the day. The company has a market cap of $40.48 billion and the numbers of outstanding shares have been calculated to be 1.32 billion shares.
On August 25, 2016 Charles Schwab Investment Management (CSIM), a leader in both target date funds (TDFs) and exchange-traded funds (ETFs), announced the launch of Schwab Target Index Funds – a new series of index-based target date mutual funds constructed with low-cost Schwab ETFs™ as underlying investments. The new funds are the lowest-cost target date mutual funds available to employer-sponsored retirement plans, with an across-the-board expense ratio of just eight basis points (0.08%) and no minimum investment requirements regardless of plan size1. Until now, receiving the most competitive pricing on target date funds could require a $100 million minimum investment or more from retirement plans.
Outside of retirement plans, Schwab Target Index Funds are also among the lowest-cost target date mutual funds available to individual investors at 13 basis points (0.13%) with only a $100 minimum investment.
Schwab Target Index Funds are an important addition to Schwab’s well-established TDF suite, first launched in 2002, which includes mutual funds and collective trust funds, open architecture construction and active and passive strategies.
“Now marks an important day of democratization for employers, retirement plan participants and self-directed individual investors,” said Marie Chandoha, president and chief executive officer of Charles Schwab Investment Management. “With Schwab Target Index Funds, every retirement plan gets the same low price with no investment minimums. That means plan participants no longer have to pay for a more expensive target date fund just because they work at a smaller company. On the retail side, we’re proud to offer individual investors a professionally managed retirement solution at an exceptionally low price. As the latest example of Schwab’s long history of driving down costs, these new funds are important milestones for our industry, and great news for retirement savers.”