Citibank Taiwan Ltd (花旗台灣) welcomes all students currently in their third year of college, or first year of their master’s program, who are exceptionally passionate or harbor solid ambitions for the financial sector, to tender their applications for Citibank Taiwan’s 2023 summertime internship program at oncampus.citi.com before Nov. 20, the bank said in a press release on Tuesday.
As a global financial institute, Citibank has always been committed to fostering talent and has over the years continued to invest more into its international professional talent development program.
Citigroup Inc is expecting to launch a series of internship programs in all markets globally next year, and Citibank Taiwan is looking to recruit between 10 and 20 financial department interns over the summer period.
Photo courtesy of Citibank Taiwan Ltd
The bank has to date held two on-campus recruitment drives and will also be holding an online recruitment drive, allowing those interested in a career in the financial sector to have a direct face-to-face with Citibank Taiwan’s management team and better understand how the company functions, as well as what training programs are in place.
Summer internship programs have long been one of the primary sources of Citigroup’s reserve pool for management. At Citi, interns will be able to see, first-hand, how an international bank works and in so doing, obtain the opportunity to learn additional skill sets.
Citigroup provides extensive professional training, alongside plenty of chances to meet high-level management at the bank, supporting the future growth and development of those who decide to intern with the group.
Over the past few years, half of all interns that performed with excellence during their internship were allowed to work directly for the bank as management trainees upon the conclusion of their internship. This means that they have been given a chance to work at one of the top-notch banks in the world one year before their graduation.
Management trainees at Citigroup will not only be afforded the opportunity to work in different departments, but they will also have the chance to participate in the group’s international talent-fostering programs.
For example, Citigroup in July arranged for management trainees to visit Citigroup headquarters in New York and stay in the city for several weeks of intensive training, learning how to work with an international team and be more receptive to different values and opinions.
In addition, more and more management trainees have departed to work abroad in Hong Kong, Singapore, Vietnam, India and other countries after the conclusion of their training, allowing them to experience the work environment overseas and become well-rounded international finance workers.
Citigroup’s internship program was introduced in Taiwan in 1977, including a comprehensive management trainee fostering program that has been responsible for the training of countless talented financial individuals, including Citibank Taiwan chairman Paulus Mok (莫兆鴻) and president Christie Chang (張聖心), both of whom have started to work at Citigroup via the internship program.
To encourage more people to apply amid growing need for cross-field financial talent, Citibank Taiwan’s 2023 summer internship program will not be limited to students from finance or business management programs, and is opening its arms to embrace a more diverse crowd of applicants.
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
Meta Platforms Inc offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative artificial intelligence (AI) teams, OpenAI CEO Sam Altman has said. Facebook’s parent company — a competitor of OpenAI — also offered “giant” annual salaries exceeding US$100 million to OpenAI staffers, Altman said in an interview on the Uncapped with Jack Altman podcast released on Tuesday. “It is crazy,” Sam Altman told his brother Jack in the interview. “I’m really happy that at least so far none of our best people have decided to take them
As they zigzagged from one machine to another in the searing African sun, the workers were covered in black soot. However, the charcoal they were making is known as “green,” and backers hope it can save impoverished Chad from rampant deforestation. Chad, a vast, landlocked country of 19 million people perched at the crossroads of north and central Africa, is steadily turning to desert. It has lost more than 90 percent of its forest cover since the 1970s, hit by climate change and overexploitation of trees for household uses such as cooking, officials say. “Green charcoal” aims to protect what