Tag: Citi

June 5, 2017

Citigroup (C) is the sole giant bank you should consider buying this summer. Sorry fans of JP Morgan Chase & Co.  (JPM) , Wells Fargo (WFC) and Bank of America (BAC) . Shares of Citigroup are up almost 35% over […]

March 1, 2017

Citi’s Treasury and Trade Solutions (TTS) has launched an application programming interface (API) solution for payment initiation, payment status and account balance inquiries through its connectivity platform CitiConnect. As Banking Technology reported late last year, Citi unveiled a new global […]

January 31, 2017

Citigroup,  (C)  which agreed Monday to sell servicing rights on about 780,000 home loans, will use the resulting capital to expand in new mortgages, a business where CEO Michael Corbat sees potentially higher returns. New Residential Mortgage (NRZ) will pay Citi […]

January 26, 2017

Citi’s global perspectives and solutions team has issued a 100-page report on digital disruption in the fintech industry. It has analysed venture capital (VC) investments in the fintech industry between 2010 and 2016, as well as the emerging technologies across […]

June 8, 2016

Banks are winning the race — by going as slowly as possible. Ever since the financial crisis of 2008, regulators have been pushingJPMorgan Chase (JPM) , Bank of America (BAC) , Citigroup (C) and other big U.S. lenders to bolster […]

May 9, 2016

Citi is deploying beacon technology from Gimbal at a number of its Smart Banking branches in Manhattan. For the pilot trial, the US bank is using the Bluetooth Smart Beacons to give customers cardless entry into ATM lobbies after hours […]

March 28, 2016

Costco shoppers will soon get their new plastic. Citigroup Inc. C, said on Friday that it will start mailing its new Costco Wholesale Corp. COST, co-branded credit cards to members of the warehouse club in May as Costco prepares to […]

March 21, 2016

Sherwin-Williams and The Valspar Corporation have entered into a definitive agreement under which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction, or an enterprise value of approximately $11.3 billion. At $113 per share, the transaction, which […]

March 10, 2016

Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup Inc focused on better serving clients that are private equity firms, hedge funds and sovereign wealth funds, according to a memo seen by Reuters […]