Citigroup

Dimon, Corbat, Moynihan among CEOs pledging to hire 100,000 New Yorkers

08/11/20

The promise, made by the chief executive officers of 27 companies including JPMorgan Chase, Citigroup and Bank of America, is part of a new initiative called the New York Jobs CEO Council.

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Biggest U.S. banks have more than $150 billion of deferred loans

08/05/20

Deferrals on residential mortgages and home-equity loans have been a common theme at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup since the start of the coronavirus pandemic.

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Wells Fargo extends work from home until at least Oct. 1

08/05/20

“We do not yet know when we’ll return to a more traditional operating model,” a company spokesperson said.

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Google checking accounts: Why banks want in

08/03/20

The marketing and tech-sharing opportunities for Google's eight financial institution partners are captivating despite the risk of data privacy or other issues cropping up down the road.

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Citi’s new credit card perk gives Amazon edge in winning big orders

08/03/20

Citigroup plans to let credit-card customers finance big purchases on Amazon.com over longer periods of time — a deal that may spur sales at the e-commerce giant while boosting the bank’s interest-bearing balances.

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Citi, BofA to disclose how loans contribute to climate change

07/29/20

The pair has joined Morgan Stanley among the roster of global banks pledging to measure the impact their lending decisions have on global warming. Citi also said it would finance $250 billion of low-carbon projects.

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TD hires Chase exec to drive fintech partnerships

07/27/20

TD Bank has hired Jyotsana “Jo” Jagadish to head commercial operating products and payment innovation, where she will oversee TD’s expanding fintech partnerships.

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Torrent of commercial loan paydowns pressures net interest income

07/16/20

Bank of America was the latest large bank to report a second-quarter drop in the key earnings metric after a March surge in credit line utilizations gave way to rapid payoffs in May and June.

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Big banks keeping consumer loan losses in check, at least for now

07/14/20

Net charge-offs fell at Citigroup and Wells Fargo, thanks to forbearance and federal stimulus. Leaders of those banks are warning that delinquencies could rise once the benefits of those programs wear off.

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Dimon says economic outlook ‘much murkier’ as virus cases surge

07/14/20

Megabanks like JPMorgan Chase boosted loan-loss provisions to record levels in the second quarter in preparation for what could be a wave of loan defaults.

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