Citigroup

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

11/06/19

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.

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House bill would mandate congressional visits by big-bank CEOs

10/31/19

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

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Citi consumer unit in good shape; Wells' layoffs

10/28/19

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.

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

10/25/19

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

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

10/24/19

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.

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Synchrony looks beyond the store-branded card for growth

10/21/19

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.

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

10/18/19

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.

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Why big banks keep raking in deposits

10/16/19

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.

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

10/16/19

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.

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

10/15/19

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

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