Citigroup

Citi’s Q3: U.S. Consumer Credit Down And Credit Losses Up
Citi’s Q3: U.S. Consumer Credit Down And Credit Losses Up
October 13, 2017  |  Market Conditions

It was a beat, for Citigroup, but maybe not as clean a beat as investors might have liked, muddied a bit by the latest credit...

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Trade Finance Revenues Slip $2.8 Billion At Top Banks
Trade Finance Revenues Slip $2.8 Billion At Top Banks
September 20, 2017  |  B2B Payments

Top banking firms across the globe saw a $2.8 billion decline in transaction banking revenues in the first half of the year, marking a seven-year...

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Analyst Accuses USPS Of Giving Amazon Huge Subsidy
Analyst Accuses USPS Of Giving Amazon Huge Subsidy
July 18, 2017  |  What's Hot

One shipping industry watcher is accusing the United States Postal Service of effectively subsidizing the price of shipping Amazon’s packages. According to Fortune, Josh Sandbulte,...

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Citigroup To Open Up EU Base In Germany
Citigroup To Open Up EU Base In Germany
July 18, 2017  |  Brexit

In preparation for Britain’s exit from the European Union (EU), many banks are assessing their operations and scouting out new spots. One of the latest...

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Increasing Defaults On Store-Branded Cards A Headache For Issuers
Increasing Defaults On Store-Branded Cards A Headache For Issuers
July 17, 2017  |  Banking

Stores issue credit cards — often to consumers somewhat less inherently credit-worthy than might otherwise be given a card — but banks like Citigroup own...

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Citigroup Beats on 2Q, Despite Trading Slip
Citigroup Beats on 2Q, Despite Trading Slip
July 14, 2017  |  Earnings

Citigroup results came in better than expected for the second quarter, the firm said Friday, buoyed by growth in emerging markets and its overall loan...

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UBS Execs Join Citi Asia Pacific Corporate Banking Units
UBS Execs Join Citi Asia Pacific Corporate Banking Units
June 23, 2017  |  B2B Payments

Two UBS Asia Pacific executives have left the bank to join Citigroup, reports said Thursday (June 22). Jiang Guorong, former head of China investment banking...

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Intel Becomes A Strategic Partner In Team8
Intel Becomes A Strategic Partner In Team8
June 22, 2017  |  Security & Fraud

Intel, the semiconductor company, has become a strategic partner in Team8, an Israeli creator of cybersecurity startups. According to a report in Reuters, Intel is...

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Citigroup Credit Card Charge-Offs Higher Than Some Peers
Citigroup Credit Card Charge-Offs Higher Than Some Peers
June 16, 2017  |  Debt

The credit card companies are out with data on May credit card charge-offs, which shows a mixed bag among the different players in the industry....

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