Citigroup says it's open to expanding bank-branch footprint


The bank is open to adding branches in cities where it has a high population of cardholders and where its largest co-brand card partners are based, Anand Selva, head of the lender's U.S. consumer unit, said.


House bill would mandate congressional visits by big-bank CEOs


Rep. Ayanna Pressley, D-Mass., has proposed requiring annual testimony by the heads of the U.S. "global systemically important" banks.


Citi consumer unit in good shape; Wells' layoffs


Division is making progress, helped by a rise in branded credit cards; about 200 bankers in agriculture and energy lending let go in recent months.


Behind Citi’s Fraser pick; payments companies’ strong quarter


Banks have been pressured to improve diversity in leadership; Visa reports higher volume while PayPal says Venmo now contributing.


Citigroup promotes Fraser to president, setting stage to be Corbat's successor


Citigroup promoted Jane Fraser to president, its second-highest post, making her a likely candidate to succeed CEO Michael Corbat and someday become the first woman to run one of the largest U.S. banks.


Synchrony looks beyond the store-branded card for growth


The credit card lender responded to the closing of Toys R Us stores last year by issuing Synchrony-branded cards to the retailer's customers. Now it's testing a general-purpose card with a wider array of clients.


Potential Truist delay, Katie Porter, tech giant trust issues: Top stories of the week


BB&T-SunTrust merger closing could slip into 2020; how “the most feared freshman” is shaking up House Banking panel; consumers are split about trusting Amazon, Google with their savings; and more from this week’s most-read stories.


Why big banks keep raking in deposits


They’ve long used their marketing muscle to wrest deposit share from smaller competitors. Now, amid growing concerns that the economy is weakening, they could be benefiting from consumers’ flight to safety.


Banks perform well despite falling interest rates; Berkshire wants more BofA


Third quarter profits at JPM, Wells Fargo and Citigroup got a boost from consumer banking; the company tells Fed it will remain a passive investor.


Citi’s digital-first deposit strategy paying off — for now


CEO Michael Corbat said he “wouldn’t rule out” building branches to keep the momentum going.