Citigroup Plans IPO for Mexican Banking Unit Banamex

Citigroup announced its decision to take public its retail banking services division Banamex, which is based in Mexico.

Fintech & Ecommerce

Citi Adds Installment Loans and Lines of Credit Options to Retail POS

Citi Retail Services is adding new point-of-sale (POS) lending capabilities to its built-in payment services.

Science & Technology

Citi Expects Generative AI to Benefit Search Engine Industry

Generative artificial intelligence can have a positive impact on the development of the search engine industry.

Finance & Economics

Walmart Teams Up With Citi on Digital Lending Platform

Walmart and Citi introduce a digital lending platform that connects the retail giant’s network of 10,000 US-based small business suppliers with 70+ lenders that may provide loans of up to $10 million


US Banks to Report Profit Decline, Prepare for Recession

Major US banks are expected to show a net profit decline in their quarterly earnings reports to be released on Friday, while the industry is getting ready for an economic slowdown

Finance & Economics

Citigroup Winds Up Consumer Banking in China

Ending its consumer banking operations in China is the latest step in Citi’s planned retreat from the business in Asia. However, Citigroup will continue to offer consumer services in Hong Kong and Singapore

Finance & Economics

US Banks to Test Digital Assets on Regulated Liability Network

The project will test the feasibility of a programmable digital money design, as well as the viability of the proposed system within existing laws and regulations

Blockchain & Crypto

Citibank Explains How Digital Assets Can Boost Philanthropy

Citi’s new report reveals the significance of crypto donations in perspective of the cost of living crisis


SEC could charge $1 billion over bankers’ WhatsApp messages

SEC is investigating the cell phone use of Wall Street executives and employees: private messages should not discuss investment terms, client meetings and other business


Citi introduces SEPA Instant Payments in Europe

The clients will have the ability to instantly pay to and receive from 36 SEPA countries


Citi will use recycled plastic for corporate cards

The rollout will start in the EMEA region, before being distributed globally


US leading banks put more cash into economy

Buybacks inflate the value of the shares the investors hold


Citi bank launches platform to support investments in US

Over 8,700 census tracts have been designated as Opportunity Zones across America


Top 10 leading banks in the US

The aggregate assets stored within the top 10 leading banks in the US exceeds $9 trillion

Finance & Economics

Blockchain for the banking industry: is the future already written?

There are two main reasons why this technology will likely work out for the banking industry


Top 10 banks that are investing in blockchain

Let’s find out what financial institutions are investing in the blосkсhаіn technology more than others