Citigroup

Citi's challenge in cross-border payments: Outsmart the tech giants

03/26/19

Billions of dollars in investments are pouring into digital payments, but the hefty numbers obscure a regulatory and competitive squeeze that could shut banks out of the profits for good.

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Citigroup makes its move in $90 billion battle over swipe fees

03/26/19

Citigroup Inc. is jumping into the battle over the $90 billion in swipe fees that merchants pay each year to process debit and credit cards.

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Pennsylvania says big banks fixed GSE bond prices

03/22/19

In the second lawsuit of its kind, more than a dozen of the world's largest banks are accused of price fixing on roughly $486 billion of bonds issued by Fannie Mae and Freddie Mac.

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Financial firms could not cut ties to firearms clients under GOP bill

03/21/19

The bill by Sens. Kevin Cramer, R-N.D., and John Kennedy, R-La., would block banks and credit unions with over $10 billion of assets from refusing service to "customers that may not share the same political values."

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World's top banks increased fossil-fuel financing in 2018

03/20/19

U.S. banks accounted for nearly 40% of the financing worldwide to such firms, according to a report by Rainforest Action Network.

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Citi mortgage discount program violated Fair Housing Act: OCC

03/19/19

The bank was fined $25 million for what the Office of the Comptroller of the Currency said was an inability to provide the discounts to all who were eligible.

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BB&T-SunTrust back story, Citi and JPM vs. fintechs, CECL trouble: Top stories of the week

03/15/19

BB&T-SunTrust deal came together with remarkable speed; Citi and Chase take on fintechs at their own game; CECL spells trouble for small banks, consumers; and more from this week’s most-read stories.

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First Republic, Stearns Bank and CIBC: Bankers on the Move

03/12/19

A potential succession and a transfer of power in family leadership are among the key recent executive moves in banking.

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Can Citi and Chase beat fintechs at their own game?

03/08/19

The upstart lenders have been chipping away at credit cards’ consumer-lending dominance by offering fixed-rate loans with predictable repayment plans. Now the card giants are fighting back.

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Wells Fargo speculation, female-friendly fintechs and Most Powerful Women on the move

03/06/19

Is it realistic to think Wells Fargo might get a new female CEO? How one fintech makes women feel welcome, and how another fosters innovation. Plus some of our Most Powerful Women make big moves – two retire, one jumps from BNY Mellon to Amex, one exits a board and another joins one.

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