Tag: Citi

October 12, 2020

The South Dakota-based bank was found to have “deficiencies” in enterprise-wide and compliance risk management, as well as its data governance and internal controls. As well as paying a hefty fine to the US Treasury, Citi will also have to […]

September 29, 2020

Citi’s new three-year initiative focuses on providing greater access to banking and credit in Black majority communities. The bank also plans to expand its investment in Black-owned businesses and see more Black Americans owning homes. “We are in the midst […]

June 10, 2020

The initiative aims to promote projects developed by entrepreneurs and SMEs that will contribute to speeding up economic recovery after the effects of the pandemic and create a more resilient society, with more effective and sustainable capabilities against future similar […]

May 6, 2020

The fresh capital comes from eight heavy weight investors including Citi, Deutsche Bank, HSBC, JP Morgan, State Street, Clearstream, and Computershare. All eight investors are in the fintech’s newly created consortium. The fintech says it will use the backing to […]

February 24, 2020

Financial stocks were slumping Monday as investors reacted to the spread of the coronavirus, which now has been found in more than two dozen countries. The Financial Sector SPDR Fund (XLF) – Get Report was down 2.6% to $29.97. Treasury […]

January 14, 2020

Analysts sometimes tout diversified banks that can move revenue exposure to businesses away from the yield curve. That thread of logic proved very valid Tuesday. Here were the earnings: JPMorgan reported revenue of $28.3 billion, beating estimates of $27.8 billion. […]

January 8, 2020

Citigroup Inc. is teaming up with an online platform to make credit investments normally reserved for hedge funds and billionaires available in small slices to legions of individual investors. A partnership announced by the bank and YieldStreet Inc. on Wednesday […]

November 27, 2019

PRA deputy governor Sam Woods says “Citi failed to deliver accurate returns and failed to meet the standards of governance and oversight of regulatory reporting which [the PRA] expect of a systemically important bank”. The Bank of England, which oversees […]

October 29, 2019

The new solution – Spring by Citi – has been designed to offer institutional clients the chance to collect from a “wide range” of payment methods including cards, ewallets, instant payments, and open banking. Global Processing will provide its card […]

August 8, 2019

Vivint Solar closed a $325 million revolving warehouse facility, which refinanced the aggregation credit facility that was set to mature in 2020 The new warehouse reduces the cost of debt by 87.5 basis points and materially increases the amount of […]

May 23, 2019

The global economy would be hit hard if President Donald Trump decides to impose steep tariffs on imported cars, Citi’s Willem Buiter told CNBC on Thursday, with Germany likely to bear the brunt of any losses. The U.S. administration recently […]

April 11, 2019

Citigroup President Jamie Forese will retire after more than three decades at the bank, according to an internal memo seen by CNBC on Thursday and confirmed by a Citi official. Forese, who had been considered a possible successor to CEO […]

January 15, 2019

By integrating Citi rewards into the MoneyBack platform, Citi cardholders can convert their credit card points into MoneyBack points on the website or mobile app, which then can be used at over 600 partner outlets for discounts, including PARKnSHOP and […]

January 9, 2019

According to Glassbox, its analytics platform allows users to capture, index, search, retrieve, replay and drive real-time machine learning-driven insights from data related to digital customer journeys. The idea is to enable “online customer experience professionals to receive automatic alerts […]

January 4, 2019

Citi is rolling out a new credit card that will round up the number of rewards points that consumers earn in an effort to get them to use their credit cards for smaller, routine purchases. The Citi Rewards+ credit card […]

December 11, 2018

Financial details were not disclosed so I guess privacy extends to that as well. Privitar says the money will support its international expansion plans, particularly in the US where it plans to expand its existing teams on the East Coast. […]

July 13, 2018

U.S. stock-index futures pointed to a flat open on Friday, as investors digested the first major reads on the second-quarter earnings season, which could start to provide clarity on whether corporate fundamentals are strong enough to offset the uncertainty surrounding […]

February 23, 2018

EXCLUSIVE – Wells Fargo will not be joining some of the other big banks in banning its customers from purchasing cryptocurrency with their credit/debit cards, Bank Innovation has learned. Wells Fargo, senior VP of senior vice president, design and delivery […]

October 20, 2017

Citibank has made it more convenient to protect your bank account by extending the popular Citi Quick Lock feature to debit cards, making it possible for both banking customers and credit cardmembers to quickly and easily lock their cards online […]

September 25, 2017

Brand Finance conducted research on bank brands in 22 markets to see how customers’ opinions have changed in an era of major disruption to the industry. David Haigh, CEO of Brand Finance, commented, “As global banks retreated after the Great […]