PYMNTS

AUGUST 13, 2018

Citigroup announced Monday (Aug. According to a report in CNBC , Citigroup is overhauling the executives in its global consumer banking businesses and, as a result, Linville will leave. The job shifts were noted in a memo from Stephen Bird, chief executive of global consumer banking at Citigroup. billion by 2020.

Cards 108

Cards Branding Regional Digital Banking 108

American Banker

MARCH 1, 2022

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Payments 74

Payments 74

The Paypers

DECEMBER 19, 2023

Citigroup has announced a delay in its strategy of developing a wholly-owned securities business in China in order to comply with the country’s data laws.

Strategy 41

Strategy Security Data 41

BankInovation

NOVEMBER 22, 2021

Citigroup Inc. is looking to hire 100 people as part of a new push into digital assets inside its institutional business, according to a person familiar with the matter. As part of the effort, the firm tapped Puneet Singhvi to be its new head of digital assets inside the institutional-clients group, according to a memo […].

Groups 98

Groups Digital Banking cryptocurrency 98

BankInovation

DECEMBER 14, 2021

Citigroup has integrated real-time account verification and payment tools into its Citi Present and Pay commercial invoicing platform. Both the Citi Verify account verification tool and Request for Pay […].

Tools 98

Tools Payments Company 98

BankInovation

OCTOBER 21, 2021

The very fabric of banking and financial services is changing: What was once a digital supplement to in-person services is becoming the standard of business. trillion Citigroup and David McKay, president and chief executive officer of $1.3 That was one of the key observations from Jane Fraser, chief executive officer of $2.3

Digital Banking 98

Digital Banking Trends cryptocurrency 98

PYMNTS

MAY 29, 2018

Citigroup said on Tuesday (May 29) that it won’t use high deposit rates to lure new customers to its digital bank – instead, it will go after its credit card customers. He said that by offering more American Airline mileage credits, Citigroup will be able to attract customers with stable deposits. billion stake in Citigroup.

Digital Banking 108

Digital Banking Cards Marketing Conference 108

PYMNTS

JANUARY 8, 2020

In today’s top news, CitiGroup named David Chubak to head its retail banking division, lawmakers in New York proposed a public eBanking system similar to Venmo and Goldman Sachs created a new division in its reporting process to highlight its consumer focus. Citigroup Names New Retail Banking Leader.

System 131

System Retail New York Payments 131

PYMNTS

SEPTEMBER 8, 2020

Citigroup Still at Odds With Hedge Fund Over Bank Payment Mistake. Capital Management is seeking to keep the $175 million it received when Citigroup accidentally paid out several Revlon lenders around $900 million in total. Number of Disbursements Increases, While Instant Disbursements Barely Break 10 Percent. Here’s what we learned.

Payments 141

Payments California Apple Video 141

PYMNTS

JUNE 4, 2020

To fill in openings left by competitors encountering the impacts of a recession brought by the pandemic, Citigroup is aiming to bolster its commercial banking business in Europe, the Middle East and Africa (EMEA). The 15 locations, for their part, are mainly in eastern and central Europe with the inclusion of Turkey, Poland and Russia.

Lending 130

Lending New York City New Jersey National 130

PYMNTS

DECEMBER 20, 2020

SPACs themselves have no business operations. SPACs are controversial, in part because investors ostensibly don't know what business the funds they contribute to will be used to acquire. Bankers involved are from Citigroup and Goldman Sachs. A SPAC then uses the funds to purchase an existing company.

Report 217

Report Groups Strategy Regulation 217

PYMNTS

DECEMBER 26, 2019

banks, like JPMorgan Chase , Bank of America (BoA) and Citigroup , gained as consumers spent during a robust holiday season, according to a report by Bloomberg. JPMorgan Chase and Citigroup both reported that credit card sales have increased by 10 percent and 5 percent, respectively, in the third quarter. Some of the largest U.S.

Cards 142

Cards Washington America Industry 142

PYMNTS

APRIL 13, 2020

and international) consumer and the businesses that serve them will be center stage as earnings season gets underway, starting, as always, with a slew of big banks. March, of course, marks the month during which untold millions of businesses were shuttered, and, in the past few weeks, as many as 16 million Americans filed for unemployment.

America 312

America Cards Mobile Report 312

PYMNTS

DECEMBER 20, 2018

Huawei is still getting its day-to-day banking services from Citigroup. When asked about the relationship, Citigroup said it was going to review any new banking business and it would watch developments in the United States. Huawei is under investigation from the Justice Department regarding whether it violated U.S.

Company 166

Company United States Security Software 166

American Banker

OCTOBER 25, 2021

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Payments 78

Payments 78

PYMNTS

SEPTEMBER 30, 2020

Amazon will lease three floors in the tower that had been occupied by Citigroup, which is cutting back on its real estate footprint at the tower as its 10-year lease ends, according to the business news service. Amazon will move staff into its new suite of offices in the Asia Square Tower early next, per the report.

Denver 243

Denver Dallas United States New York 243

PYMNTS

NOVEMBER 12, 2020

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. percent in 2019 and its share of borrowings at 3.63 percent.

Cards 285

Cards Conference Groups Report 285

PYMNTS

DECEMBER 26, 2018

As the value of digital currencies has fallen, some financial firms — including Goldman Sachs, Citigroup, Morgan Stanley and Barclays — have put their plans to offer cryptocurrency trading to clients on hold. Last month, the head of its digital asset business, Justin Schmidt, complained that regulators were limiting what the company can do.

Bitcoin 160

Bitcoin New York cryptocurrency Marketing 160

Chris Skinner

SEPTEMBER 28, 2016

Things we’re reading today include … Blockchain Will Be Used By 15% of Big Banks By 2017 Banking business model is broken, analyst warns Citigroup becomes last big U.S.

blockchain 150

blockchain Payments 150

PYMNTS

JANUARY 8, 2020

Citigroup named David Chubak, 39, to head the retail banking division in the U.S., Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to the memo. Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to the memo.

Retail 101

Retail New York Risk Management Customer Experience 101

PYMNTS

AUGUST 23, 2020

The Wall Street Journal (WSJ) reports a majority of Europe's biggest financial institutions (FIs) are ending old business models, trimming unprofitable business lines, boosting profitable ones and finding a formula that works. European banks face a profitability crisis,” Citigroup banking analyst Ronit Ghose told WSJ. “In

Lending 209

Lending Groups Report Technology 209

Bank Innovation

AUGUST 16, 2016

There was a shakeup in the highest echelons of fintech today as Citigroup announced Gavin Michael, head of digital at JPMorgan Chase, will join Citi as head of technology for global consumer banking. This role encompasses the digitization efforts of Citi’s consumer businesses, the bank said today.

Fintech 150

Fintech Cards Retail Technology 150

American Banker

JULY 14, 2021

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Compliance 78

Compliance Management 78

PYMNTS

OCTOBER 12, 2018

Citigroup also noted its effective tax rate fell to 24 percent in the third quarter from 31 percent a year earlier. Hindrances to revenue growth were reportedly found within Citigroup’s Institutional Clients Group business, where sales were down 2 percent to $9.2 According to reports , earnings clocked in a $1.73

Taxes 122

Taxes Comparison Cards America 122

American Banker

NOVEMBER 10, 2020

Though most bank customers expect to return to calling or meeting in person with their bankers when the pandemic is over, Citigroup is gauging how much business it can keep in the videoconferencing channel.

Video 91

Video Meeting Banking 2020 Digital Banking 91

PYMNTS

NOVEMBER 4, 2020

The business-to-business (B2B) logistics company harnesses an algorithm to link shippers with trucking firms. It works with 40,000 trucks and caters to more than 300 business shippers from a cross-section of industries such as online shopping, construction and chemicals.

Groups 198

Groups United States US Payments 198

American Banker

JULY 24, 2023

The license allows New York-based Citigroup to separate the institutional and private bank businesses from its consumer, small-business and middle-market operations in Mexico.

New York 36

New York Operations Marketing Industry 36

PYMNTS

APRIL 26, 2019

One of the frontrunners for the position is Jane Fraser, Citigroup Inc.’s Fraser has been at Citigroup for 15 years; she ran both consumer and commercial business as well as the company’s private bank. However, as she was picked to run JPMorgan’s consumer lending business last week, Lake isn’t as viable of a choice.

Indiana 143

Indiana America Lending Capital 143

PYMNTS

DECEMBER 17, 2020

Citigroup , in addition, will serve as a co-advisor. The IPO will help Kakao Pay enter into new business areas, including adding digital insurance to its services. Kakao Bank Corp. , The timing of the IPO hasn't been decided, although Reuters reported that analysts predict it will happen in the second half of 2021.

Samsung 243

Samsung Digital Banking Security Fintech 243

PYMNTS

MARCH 19, 2020

A Citigroup spokesperson said it, too, is open for business as usual. . “We recognize the need to keep employees and customers in our branches as safe as possible, so we are implementing an enhanced cleaning program in all properties, installing hand sanitizer stations in our branches and encouraging social distancing,” she said. .

New York 242

New York America Operations Community 242

PYMNTS

SEPTEMBER 29, 2020

Bloomberg News reported that sources said Harit Talwar will remain as a Goldman partner for now, and as chairman of the business he previously led. He had previously led the cards division for Discover Financial Services, and also spent 15 years at Citigroup Inc. consumer business. Talwar has been at Goldman since 2015.

Apple 199

Apple Leadership Tools Cards 199

PYMNTS

JULY 1, 2020

IFC ) and Citigroup Inc. based global financial institution that offers investment services to encourage private investment in developing countries, and Citi, the New York-based international investment bank, said the mission of the initiative is to support trade and help businesses cope with the devastation caused by COVID-19.

Marketing 232

Marketing Washington New York Fintech 232

PYMNTS

SEPTEMBER 10, 2018

Amazon’s Prime subscription business is expected to more than double in the next 10 years, hitting 275 million subscribers in the U.S. alone, according to estimates by Citigroup. Citigroup had a previous price target of $2,100 on Amazon. According to the Citigroup analyst, Prime customers outside the U.S.

Seattle 101

Seattle Washington Study Branding 101

PYMNTS

DECEMBER 29, 2020

Citigroup is in the process of developing an open banking marketplace of third-party FinTech solutions that facilitates the sharing of Citi account data. Small business FinTech Unifiedpost is broadening its B2B platform through multiple acquisitions, with one takeover focused on broadening the company's open banking capabilities.

Fintech 308

Fintech Data User Experience Innovation 308

PYMNTS

MAY 9, 2019

The banks involved are Barclays, Citigroup, HSBC, JPMorgan, Royal Bank of Scotland, UBS and a smaller Japanese bank. BNP Paribas, Barclays, Citigroup, JPMorgan , Royal Bank of Scotland and UBS have all entered guilty pleas in a related case in the United States. Collectively, the banks have been fined upwards of $2.8

Regulation 155

Regulation Marketing United States Report 155

PYMNTS

OCTOBER 12, 2020

Singapore businesses are struggling to get paid following the shutdown of German payment processing firm Wirecard, according to a Monday (Oct. Since the shutdown, Singapore businesses have pushed to process payments for such things as telephone bills and restaurant meals. . 12) report in the Financial Times.

ATM 150

ATM Fraud Payments Fintech 150

PYMNTS

SEPTEMBER 6, 2019

Even as the economy in the United States softens, Citigroup has been making a push for credit cards. Moody’s Analyst Warren Kornfeld said, according to the report, “Just recognizing where we are in the credit cycle, it’s interesting to see Citigroup doubling down and pushing forward.”.

Cards 125

Cards United States Industry Report 125