Citi beats estimate as earning season opens; Goldman eyes cash management


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


Banks, credit unions help federal workers weather shutdown


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.


10 to watch in 2019


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.


The party's over? Citi's new rewards card shifts focus to essential spending


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.


Banks need to think outside the app


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


Mnuchin called CEOs of largest banks to talk market stability


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.


U.S. Bank, Citi freed from Obama-era enforcement orders


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.


Citi deploys AI to detect real-time fraud, errors in payments


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


JPMorgan stock downgraded amid doubts over banks' growth prospects


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.


Citi names Chirico, Cox to run investment bank in North America


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.