News Topic: Citigroup

Tech giant takes will work with Citi; the bank reportedly asked IT providers to return some of the money it paid them in 2018. ... Read full article

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. ... Read full article

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

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. ... Read full article

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

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. ... Read full article

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. ... Read full article

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. ... Read full article

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. ... Read full article

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. ... Read full article

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

Better-than expected trading results also helped to boost net income. ... Read full article

The Office of the Comptroller of the Currency found deficiencies related to the bank's holding period for "other real estate owned." ... Read full article

The series of print, digital and billboard ads uses children of Citigroup employees to draw attention to the bank's own efforts to promote women to senior roles. ... Read full article

Investors expect banks to be honest and transparent about employee wages. ... Read full article

Citigroup CEO Michael Corbat said that unconscious bias has contributed to inequality in the workplace despite a decades-long effort by many companies to promote women. ... Read full article

Speaking at American Banker's Most Powerful Women in Banking and Finance gala, Citibank's Barbara Desoer said many successful executives had help in getting to their positions, and should use their power to help others. ... Read full article

Rohan Ramchandani claims in lawsuit Citigroup singled him out to protect itself; three federal agencies now back almost $7 trillion in mortgage debt. ... Read full article