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NEWS RELEASE
For Immediate Release:
July 8, 2010
Toronto High School Students
Win
2010 JA Banks in Action North American Competition
in New York
Financial skills contest sponsored by
Citi Foundation and Junior Achievement
Tornoto, ON — Junior Achievement students from Marc Garneau C.I. in
Toronto won the 2010 JA Banks in Action North American Competition in New
York City. The winning team received a check for $1,500. The participating
students were Michelle Brooks, Claire Browne, and Patrick Lung. The event was
sponsored by the Citi Foundation.
The Toronto students were among 10 teams from across the U.S and Canada to
qualify to face off in the final round of a competition of financial know-how in
New York City on June 27- 30, 2010. The participating teams represented the
cities of Louisville, Ky.; Jacksonville, Fla.; Ponte Vedra, Fla.; Newark, Del.;
Layton, Utah; Austin, Texas; Helotes, Texas; and Toronto and Mississauga,
Ontario, Canada.
The First-Place Team receiving their $1,500 cash award during the
Awards Breakfast of the JA Banks in Action
competition in New York City.
Geared to high school students, JA Banks in Action™ demystifies
finance by explaining how a bank works. While exposing students to banking
basics, operations, and history, students learn about various career paths they
can take in the financial services industry. A computer simulation allows
student competitors to role-play as bank managers, challenging them to
successfully operate a bank in a dynamic environment where their decisions will
impact the bottom line of “their” bank.
In 2007, JA Banks in Action expanded from its roots in Latin America
to become a global program. Today, with Citi Foundation support, the program
reaches over 70,000 students from 33 countries annually. In the U.S, more than
3,000 students in 14 markets participated in the program during the 2009-2010
school year.
The Citi Foundation is one of largest contributors to Junior Achievement
globally. Since 2004, the Foundation has invested over $10 million in the growth
and development of JA Banks in Action. Citi Foundation’s support for the
program is part of Citi and Citi Foundation’s 10-year, $200 million commitment
to financial capability, which began in 2004. Citi employees also invest in
students’ futures by volunteering to teach financial education and responsible
business skills to young people in the classroom.
About Citi
Citi, the leading global financial services company, has approximately 200
million customer accounts and does business in more than 140 countries. Through
its two operating units, Citicorp and Citi Holdings, Citi provides consumers,
corporations, governments and institutions with a broad range of financial
products and services, including consumer banking and credit, corporate and
investment banking, securities brokerage, and wealth management. Additional
information may be found at
www.citigroup.com or
www.citi.com.
About Citi Foundation
The Citi Foundation is committed to the economic empowerment of individuals and
families, particularly those in need, in the communities where we work so that
they can improve their standard of living. Globally, the Citi Foundation targets
its strategic giving to priority focus areas: Microfinance and Microenterprise,
Small and Growing Businesses, College and Careers, and Financial Capability and
Asset Building. In the United States, the Citi Foundation also supports
Neighborhood Revitalization programs. The Citi Foundation works with its
partners in Microfinance and Microenterprise, Small and Growing Businesses, and
Neighborhood Revitalization to support environmental programs and innovations.
Additional information can be found at
www.citifoundation.com.
About JA Worldwide® (Junior Achievement)
Junior Achievement is the world's largest organization dedicated to inspiring
and preparing young people to succeed in a global economy. Through a dedicated
volunteer network, Junior Achievement provides in-school and after-school
programs for students which focus on three key content areas: work readiness,
entrepreneurship, and financial literacy. Today, 126 individual area operations
reach more than four million students in the United States, with an additional
5.7 million students served by operations in 122 other countries worldwide. For
more information, visit www.ja.org.
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