News Topic: Citigroup

For thousands of government employees, credit card bills are coming due for travel and other expenses they incurred before the shutdown. ... Read full article

"I don't and I never would discount the European banks," Citigroup Chief Executive Officer Michael Corbat said in an interview at the World Economic Forum in Davos. "Don't overestimate the U.S. banks' position, and don't ... Read full article

Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive freshmen females who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on ... Read full article

In letters to the Treasury secretary and CEOs of the largest banks, the Massachusetts Democrat questioned why Mnuchin was trying to quell liquidity fears that had not previously been mentioned by regulators. ... Read full article

Sen. Elizabeth Warren questioned the five largest U.S. retail banks in a letter on what they are doing to reduce the impact of the government shutdown on customers. ... Read full article

The bank also reported that, among its U.S. employees, people of color earn 7% less than their white colleagues. ... Read full article

CEO Michael Corbat will need to lean heavily on credit cards and other consumer business lines, and keep driving down costs, to offset weaknesses in capital markets. ... Read full article

Trading revenue for banks is expected to be flat; the bank plans high deposit rates to lure corporate customers. ... Read full article

Citigroup Inc. gave investors the first look at how Wall Street banks fared during the violent market swings at the end of 2018 — and it’s grim. ... Read full article

Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies. ... Read full article

CEOs on the hot seat. Banks fighting to stay independent. Comfortable players ripe for disruption from Amazon and others. It is shaping up as a riveting year. ... Read full article

Citi wants to attract credit card customers who use its card for staples such as groceries and gas — a pivot from its past of marketing to the social butterflies who would use its cards on dining and entertainment. ... Read full article

Banks need to stake out a presence on platforms that have nothing to do with banking. ... Read full article

Treasury Secretary Steven Mnuchin called top executives from the six largest U.S. banks over the weekend, he said Sunday on Twitter, a move that followed heavy losses in the stock market last week and a partial federal government shutdown. ... Read full article

The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken. ... Read full article

The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices. ... Read full article

Atlantic Equities’ John Heagerty cut his recommendation on JPMorgan Chase to neutral, saying the bank now “offers the least upside” to price targets among the major banks. ... Read full article

The structure of Citigroup's newly combined investment banking and capital markets division is becoming clearer, with the appointment John Chirico and Kevin Cox as co-heads of the business for North America. ... Read full article