Citigroup

O'Rourke urges credit card lenders to stop backing gun sales

09/12/19

The Democratic presidential candidate said on Twitter that credit cards "have enabled many of America’s mass shootings."

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Why Citi, Wells, JPMorgan are seeing a spike in API calls

09/10/19

Hint: For their e-commerce clients, it's all about faster payments.

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Citi raises minimum wage after prod from Maxine Waters

08/28/19

Citigroup quietly boosted its minimum wage to $15 an hour in June, joining competitors in awarding raises to rank-and-file staff.

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Big banks need more diversity in leadership ranks: House Democrats

08/13/19

With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.

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Card issuers’ new focus on installment lending misses the point

08/09/19

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

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Bank stocks take big hit as trade war fears escalate

08/05/19

China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities.

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Capital One hacked; job cuts and a reorg on tap for Citi

07/30/19

In what's being called "one of the largest-ever data breaches of a large bank," Capital One said a Seattle hacker gained access to the personal information of more than 100 million customers; Citigroup plans to cut hundreds of jobs in its global markets division and combine its equity trading and prime brokerage units.

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JPMorgan, Citi among banks facing $1 billion FX-rigging suit

07/29/19

It’s the latest development in a foreign-exchange-related case that has triggered regulatory probes around the world, and it's one of the first cases to be brought under 2015 U.K. legislation that paves the way for U.S.-style class actions.

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Citi in laggard's role; EU bank CEOs have less skin in the game

07/29/19

Citigroup's made some strides after the battering its share price took last year, but it still trails JPMorgan Chase and Bank of America; chiefs at the top U.S. global banks own on average more than 15 times the amount of their own firm's stock than their European counterparts.

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Citi’s Fed contingency plan

07/15/19

The company could rein in deposit costs, cut operational expenses and buy back more shares in anticipation of a Federal Reserve rate reduction. Other banks — especially big ones — could do the same.

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