Citigroup - page 2

News

Citigroup Fixes Personal Banking Revenue Growth in US

Citigroup reported that by the end of the second quarter of this year in the United States, the revenue received by this financial institution as a result of the provision of personal banking services increased by 11% compared to the indicator for the same period in 2022 and amounted to $4.6 billion.

Fintech & Ecommerce

Citi Says AI to Personalize Treasury and Power Data-Readiness Teams

Naveed Anwar, global head of digital platforms and data at Citi Treasury and Trade Solutions, said during a conversation with media representatives that in the current environment, treasurers and CFO need data for everything they do.

News

Citigroup Reportedly Reviews Deal With Metaco to Develop Digital Asset Custody

The media reported that the American financial conglomerate Citigroup is currently reviewing the concept of its partnership with the Swiss custodian of digital assets Metaco.

Finance & Economics

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.

News

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.

News

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

Finance & Economics

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

News

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

Finance & Economics

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

Finance & Economics

Citi introduces SEPA Instant Payments in Europe

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

Finance & Economics

Citi will use recycled plastic for corporate cards

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

News

US leading banks put more cash into economy

Buybacks inflate the value of the shares the investors hold

Finance & Economics

Citi bank launches platform to support investments in US

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