Citigroup

Bad credit-card debt is getting cheaper, but good luck buying it

03/09/18

U.S. banks are sitting on a $1.03 trillion mountain of credit-card loans. More borrowers are starting to default. Yet lenders know they can't sell souring debt to just any collector.

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Early glimpse of banks' 1Q isn't exactly pretty

03/06/18

Deposit prices are starting to rise, deposit growth is slowing, commercial loan growth remains tepid (with some exceptions) and concerns are mounting about the economic toll of U.S. trade policy, bank executives said just a few weeks ahead of the end of the quarter.

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Citi developing digital-only bank, CFO says

03/06/18

Citigroup plans to launch an online bank that will be marketed nationally. It is one of several large companies with an online bank or niche platform in operation or on the drawing board.

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New consortium to tackle the problem of risky fintech innovations

03/06/18

The World Economic Forum announced on Tuesday an effort designed to strengthen fintech cybersecurity.

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Citi to compensate card customers; BB&T wrestles with technical glitches

02/26/18

Citi will refund $335 million to cardholders whose rates weren’t lowered; customers had trouble with BB&T’s online and phone services and ATMs.

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The community banker who got tangled up in the Russia probe

02/23/18

Stephen Calk is in the national media glare because his small Chicago-based bank made two enormous loans to Paul Manafort, President Trump's onetime campaign manager and a key figure in the investigation into Russian meddling in the 2016 election. Here’s a look at his career and how he ended up in this spot.

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Citi to refund $335 million after finding card APRs too high

02/23/18

Citigroup Inc., one of the world’s largest credit card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower.

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Call for bank crackdown on gun sales is deeply misguided

02/20/18

The New York Times' Andrew Ross Sorkin wants banks and credit card companies to effectively ban assault gun sales if Congress won't. It's a dangerous idea. Here's why.

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Beyond ADA: An effort to help the disabled access mainstream banking

02/20/18

A public-private coalition, including Citigroup and disability advocates, is testing financial literacy strategies in New York City that they hope will be used nationwide to improve the financial lives of Americans with disabilities.

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Big five CEOs clean up; More cuts at Deutsche Bank

02/20/18

Average pay among big bank chiefs last year rose 17% to $25.3 million; bank may let go up to 500 bankers and traders in latest restructuring.

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