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Citi and ExxonMobil introduce new in-app credit card feature (C, XOM)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.Citi Retail Services has partnered with ExxonMobil and Equifax to give users...
View ArticleCitigroup sees jump in credit card defaults (C)
June 15 (Reuters) - Citigroup Inc:* Credit card charge-offs 2.94 percent in May versus 2.34 percent in April - SEC filing* Credit card delinquency rate 1.5 percent at May end versus 1.52 percent at...
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CITI WARNS: Gold is setting up for a drop
Gold is setting up for a drop, according to the CitiFX Technicals team led by Tom Fitzpatrick. The group warns a double top pattern has been confirmed, and that the precious metal should fall more than...
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Citi Pay comes to the US (C)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.US customers of Citi-issued MasterCard credit cards can begin using Citi Pay,...
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Here comes Citigroup ...
Citigroup is set to announce second-quarter earnings Friday at 8 a.m. Wall Street estimates the firm will announce earnings of $1.22 per share, down from $1.35 the previous quarter. Here's what else...
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Citigroup beats on earnings as fixed income business soars
Citigroup beat second-quarter earnings Friday thanks in part to its soaring fixed income business. The bank reported quarterly earnings of $1.28 per share, eclipsing Wall Street estimates of $1.21 per...
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Another win for Frankfurt — Citi to set up a 'major new trading operation' in...
LONDON — American banking giant Citi is set to become the latest major financial firm to choose Frankfurt for its post-Brexit EU hub, reports late on Monday suggested.Sky News' City Editor Mark...
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Deutsche Bank CEO tells staff: Prepare for Brexit 'worst outcome'
LONDON — Deutsche Bank CEO John Cryan told employees that the German lender is preparing for a hard Brexit in which roles will "inevitably" move from London to Frankfurt.Cryan said in a video...
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Alphabet had a massive quarter, and everyone thinks the stock is going well...
It was another huge quarter for Google's parent company Alphabet.With over $26 billion in revenue, that record-breaking $2.7 billion EU fine seemed like a drop in the bucket.But the stock still dipped...
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Citi said the same word more than 20 times in the same presentation — and...
Citigroup repeatedly stressed the power of its global network during its first investor day presentation since 2008.The bank has cut the client list in its Institutional Clients Group from 32,000 in...
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Citi is going after one Ivy League school to win rare talent (C)
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.One of the biggest hurdles banks face in their quest for successful innovation...
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Citigroup just named a new head of a $390 billion unit (C)
Citigroup has named David Bailin as the global head of investments for its private banking unit.The group, which generated $2.9 billion in revenue over the past 12 months, manages $390 billion in...
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A senior exec in Citigroup's equities unit has left
A senior executive in Citigroup's equities unit has left the bank.David Tenney, formerly the co-head of Investor Sales Services for the Americas, left Citi in July after four years at the firm, Tenney...
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CITI: Retail jobs will 'vanish' due to technology and it 'will affect every...
As much as 80% of retail jobs at risk from automation, Citi and University of Oxford predict.Low-skilled jobs most at risk and will have profound effects on communities.'Watershed' moment coming for...
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JPMorgan retains supremacy as the king of Wall Street
The latest ranking of Wall Street supremacy is out, and there's a notable shift at the top of the league tables.JPMorgan once again dominated the competition in the first half of the year for revenue...
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How the US' largest credit card issuer is staying competitive in the age of...
After spending the better part of her career working in finance for American Express, Alice Milligan decided it was time for a change.She then spent just over a year as vice president of marketing at...
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Here's a super-quick guide to what happens next after Catalonia's chaotic...
Catalonia’s vote on independence — which was not recognised by the Spanish government and marred by over 800 people being injured in clashes with police — is casting a shadow over the future of Spain’s...
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Citi-Costco partnership shows its strength in Costco's earnings report (C)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.In its most recent earnings call, Costco provided another update on the...
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Citi will set up a private banking hub in Luxembourg to mitigate 'hard...
LONDON — US bank Citi will open a European private banking hub in Luxembourg after Brexit, the bank confirmed on Thursday.Citi's private bank — which services clients with more than $25 million in...
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Here are the top 5 banks offering the mobile banking features consumers say...
When it comes to offering cutting-edge mobile banking features that consumers most value, Wells Fargo tops the list, according to BI Intelligence’s Mobile Banking Competitive Edge study. Banks are...
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