Citigroup

Bank CIO’s mission: Getting out from under bad tech vendor contracts

06/25/19

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.

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Citi ties ThankYou rewards to Mastercard tech for instant redemption

06/25/19

Citigroup will be the first major issuer to use Mastercard technology to give U.S. credit card holders the ability to instantly redeem points on eligible purchases online and through a mobile app.

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Banks sail through year's first round of stress tests

06/21/19

A new set of tougher scenarios did little to keep large banks from passing the most recent stress tests mandated by the Dodd-Frank Act.

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Goldman, Citi among banks delaying Brexit asset shifts

06/19/19

Goldman Sachs and Citigroup are among global firms postponing the transfer of several billion euros of capital outside the U.K. despite regulatory pressure to complete the move.

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Capital One, Discover prepping for next downturn

06/11/19

The large credit card issuers are becoming more selective about who they are extending credit to and how much they are willing to lend, their CEOs said Tuesday.

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Swiss regulators fine Citi, JPMorgan for roles in fixing forex rates

06/06/19

The two U.S. banks and Barclays have agreed to pay $91 million to settle claims that traders colluded to manipulate rates over a six-year span.

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Man behind postal banking push; Citi's Mexico problem

06/03/19

A former Wall Street lawyer who worked on bank bailouts is behind the idea; threatened tariffs are only one of the country’s problems, Citi CEO says.

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Citi could beat expectations in 2020, Goldman says in upgrade

05/30/19

Citigroup can beat consensus expectations in 2020 regardless of higher interest rates or stronger global growth, and is well positioned for potential supply chain shifts in Asia, Goldman Sachs said in an upgrade of the stock to buy from neutral.

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Citi joins JPMorgan in warning of second-quarter trading slump

05/29/19

A burgeoning trade war, the U.K.’s planned exit from the European Union and escalating tension between the U.S. and Iran have weighed on market sentiment in recent weeks, Citigroup CEO Michael Corbat said Wednesday.

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Wells Fargo snags tech executives from JPMorgan, WarnerMedia

05/28/19

Steve Hagerman, who was responsible for the first mortgage platform at JPMorgan Chase, will be head of consumer lending technology at Wells. It also named Gary Owen, a veteran of WarneMedia, Promontory Financial and Citi, its chief information security officer.

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