Citigroup

Big Pandemic Profits Could Be Over For Big Banks
Big Pandemic Profits Could Be Over For Big Banks
January 14, 2022  |  Banking

The honeymoon may be over when it comes to big banks and the pandemic economy. As The Wall Street Journal reported Friday (Jan. 14), fourth-quarter...

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After Closing Citibanamex, Citi Will Invest in Firms That Match Its ‘Core Strengths’
After Closing Citibanamex, Citi Will Invest in Firms That Match Its ‘Core Strengths’
January 14, 2022  |  Earnings

Citigroup is making changes to its business structure, the bank said on its earnings call Friday (Jan. 14), part of a larger strategy to get...

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Santander, Billionaire Salinas Express Interest in Citibanamex Acquisition
Santander, Billionaire Salinas Express Interest in Citibanamex Acquisition
January 12, 2022  |  Acquisitions

Banco Santander SA and billionaire Ricardo Salinas are all among the players considering acquiring Citibanamex, Citigroup’s Mexican retail banking business.  Salinas’ comments, made on Twitter...

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Citigroup to Workers: Get a Shot or Get a New Job
Citigroup to Workers: Get a Shot or Get a New Job
January 07, 2022  |  Personnel

Citigroup is giving its employees who haven’t yet received a COVID vaccine one more week to either get a shot or find new work. As...

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Citi Says Mobile Customers Have Grown 24% in 2 Years
Citi Says Mobile Customers Have Grown 24% in 2 Years
October 14, 2021  |  Earnings

Citigroup said the bank’s digital strategy is causing more customers to interact with it over digital and mobile devices than ever before, a transformation it plans to continue. Officially, the fourth largest U.S. bank...

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Q3 Bank Earnings Likely to See Continued Strong Debit Spending
Q3 Bank Earnings Likely to See Continued Strong Debit Spending
October 12, 2021  |  Banking

Seems like yesterday we were looking toward second-quarter earnings reports. And yet here we are, just several hours away from what will be the opening...

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Citigroup Claims $11B Lex Foundation Lawsuit Is Fraudulent
Citigroup Claims $11B Lex Foundation Lawsuit Is Fraudulent
October 08, 2021  |  Legal

Citigroup says the $11 billion lawsuit from a mysterious money manager is the work of a “fantasist” trying to extort the bank. As Bloomberg News...

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Citigroup Credit Card Delinquency Rate Improves; AmEx Holds Steady
Citigroup Credit Card Delinquency Rate Improves; AmEx Holds Steady
September 15, 2021  |  Credit Cards

Credit card firms Citigroup and American Express have released statistics on the August delinquencies in credit card payments, with Citi’s delinquency improving and American Express...

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NAB To Buy Citigroup’s Australian Consumer Unit
NAB To Buy Citigroup’s Australian Consumer Unit
August 09, 2021  |  Partnerships / Acquisitions

The National Bank of Australia (NAB) is purchasing Citigroup’s local consumer unit for roughly $882 million as credit card use shrinks in that country. As...

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