Citigroup Reports Earnings
Citigroup on Tuesday, October 15, released information about its earnings for the third quarter of the current year, which exceeded the preliminary expectations of Wall Street analysts.
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Citi to Enable Cross-Border Payments to Mastercard Debit Cards
The combination of Citi WorldLink Payment Services and Mastercard Move offering will add speed, security, and transparency for cross-border transfers in 14 supported markets.
American Airlines Reportedly Plans to Make Citigroup Its Exclusive Credit Card Partner
Media reports indicate that American Airlines is currently in talks aimed at making Citigroup its exclusive credit card partner.
Citi Says About Need to Book Profits in High-Flying AI Equities
Strategists at Citigroup Inc. say the tendency of soaring share prices of companies operating in the artificial intelligence industry space may not be showing much signs of flagging at present, but the time has come for profit-taking in major markets.
UK Regulators Fine Citi
In the United Kingdom, local regulators imposed a fine of 62 million pounds ($79 million) on bank Citi, which head office is located in New York.
Citi’s Chief Digital Officer Says About Significance of Mobile and Virtual Platforms
Michael Naggar, Citi’s director of digital technologies in the area of personal banking services in the United States, during a conversation with media representatives, shared his opinion on what it means to implement the digitalization process in the banking sector.
Citigroup Posts First-Quarter Revenue
Citigroup reported earnings for the first quarter of 2024.
Top Citi Strategist Says About Prospects of Healthy Economic Growth
Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth, says that the global economic system does not need a collapse situation for the inflation rate to return to the target level.
Citi Invests in Colombian FinTech Supra
Citi has led a round of strategic investments in Supra, a fintech company based in Colombia.
Citigroup Launches Restructuring
Citigroup has started operations as part of the next stage of its organizational change plan.
Citi Launches Blockchain Solution for Foreign Exchange Trades
Citi has developed an app in which blockchain is used to make execute foreign exchange (FX) trades.
US Regulator Accuses Citibank of Discrimination
In the United States, the federal regulator accused Citibank that this financial institution had been implementing an illegal corporate policy of discrimination against Americans of Armenian origin for several years, singling them out in applications for credit cards based on surnames.
Citi Uses Generative AI to Read New Capital Rules
Citigroup intends to provide more than 40,000 of its programmers with access to generative artificial intelligence amid Wall Street’s growing interest in advanced technology that is projected to surpass human mental abilities in the foreseeable future.
Citi Rolls Out New Travel and Expense Management System
Citi announces the launch of a new travel and expense management system for its corporate clients who reside in the United States.
Citi Chairman Warns Against Plan for New Capital Requirements
Citigroup Chairman John C. Dugan joined American banking executives who negatively assessed the plan of the United States authorities to introduce new capital requirements.
Citi Launches BNPL Option for Costco Anywhere Visa Cardmembers
Citi announced that Visa Costco Anywhere cardholders now have access to the Citi Flex Pay Buy Now, Pay Later (BNPL) option.
