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Furious Costco customers are still threatening to cancel memberships over...
When Costco began transitioning from American Express to Visa as its exclusive credit card partner in June, delays and confusion had customers threatening to cancel their memberships.Now, two months...
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CITI: If Trump wins, it would be a disaster for the global economy
A President Donald Trump would not be good for the world economy, according to Citi.Willem Buiter, the chief economist at Citi, said in a note to clients on Thursday that a Trump win would weigh...
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World trade keeps falling
Adding to the picture of crummy demand for goods around the world, the CPB Netherlands Bureau for Economic Policy Analysis, a division of the Ministry of Economic Affairs, just released its preliminary...
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CITI: Italy's potentially disastrous referendum is 'much ado about nothing'
Italy's upcoming referendum, which was previously cited as one of the biggest risks to Europe in 2016 alongside Brexit, is now "much ado about nothing," according to analysts at Citi.Recent...
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Italy has become Europe’s €2.2 trillion ‘whatever it takes’ headache
Italy is in the middle of a period of amazing political and financial turmoil. The country faces a constitutional referendum that could lead to the fall of its government. Its banking system is...
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CITI: This is the 'world's biggest contrarian trade'
The European banking sector is getting a lot of attention at the minute — most of it for bad reasons.Persistent negative interest rates set by the European Central Bank have been blamed by banks across...
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BANK OF ENGLAND DEPUTY GOVERNOR: Sorting out bias is like 'Whack-a-Mole'
One of the most senior women at the Bank of England told an audience in London that trying to correct gender bias at an organisation is like a game of "Whack-a-mole"— as soon as you solve a problem in...
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Here's where Citi thinks you should put your money over the next 12 months
Given rich asset valuations and heightened levels of uncertainty, it’s little wonder why many investors are cautious right now.After such a stellar run, particularly for stocks and government bonds,...
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CITI: Now is the time to make the world's biggest contrarian trade
LONDON (Reuters) - Citi analysts upgraded their recommendation on Europe's beleaguered banks to "overweight" within regional portfolios, citing signs of improvement in the credit cycle and loan growth...
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A veteran Citi and HSBC banker just joined Crowdcube as chairman
Britain's biggest crowdfunding platform Crowdcube has named a veteran banker as its new chairman.Simon Williams spent 9 years at Citigroup, heading up its international Retail Bank, heading consumer...
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Britain: The next big emerging market
Investors beginning to take the view that Britain is starting to look like an emerging market, following the Brexit vote and historic crash in the value of the pound.On Friday, notes from two banks,...
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Citigroup beats on Q3 earnings
Citigroup just reported third-quarter earnings and beat expectations.The bank delivered adjusted earnings per share of $1.24 on revenues of $17.76 billion. Analysts expected adjusted earnings per share...
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Wall Street had a great Friday morning (JPM, C, WFC)
Wall Street was celebrating Friday morning as JPMorgan, Citi, and Wells Fargo all reported third-quarter earnings that beat expectations.JPMorgan beat analyst expectations across investment banking and...
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CITI: Forget black swans, 'a small trigger' could spark 'a big reversal' for...
A big drop in stock markets around the world could only require a "small trigger," Citi bank has warned.The FTSE 100 has been breaking records recently, with stock markets elsewhere in the world also...
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Citi adds mobile dispute functionality (C)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.Citi card members in the US can now file card disputes directly within Citi's...
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Citi is reportedly planning to move 900 jobs from London to Dublin
LONDON (Reuters) - U.S. bank Citi is preparing to move up to 900 jobs from London to Dublin as part of its contingency plans for Britain's exit from the European Union, the Sunday Times reported.The...
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Citi is being investigated for its role in the pound's 'flash crash'
Citi's Japanese trading operation is being closely investigated by the Bank of England for its role in October's "flash crash" of the pound, the Financial Times reports.The report claims that while...
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5 reasons to be bullish on Apple stock — including the 'iPhone 8 super...
Apple is trading just about where it was a year ago — at around $113 per share. However, Citi analyst Jim Suva believes that the stock can trade higher in 2017. He outlines five factors as to why the...
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Citi backs foreign exchange blockchain startup Cobalt DL
LONDON — Citi has made an undisclosed investment in Cobalt DL, a London startup aiming to use the technology behind bitcoin to simplify foreign exchange trading.Cobalt DL, founded by two veteran...
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One Wall Street bank is using Snap Spectacles to help recruit young talent
Citi is taking a different tack when it comes to recruiting young talent.The Wall Street firm is using Snap Spectacles — the sunglasses made by Snapchat's parent company with miniature cameras used to...
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