Citi

Earnings Season Gives Glimpse Into Big Banks’ Private Credit Ambitions
Earnings Season Gives Glimpse Into Big Banks’ Private Credit Ambitions
October 20, 2024  |  Banking

The big banks have weighed in this earnings season — not just on credit and debit, and consumer spending and Basel endgames … … they’ve...

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Citigroup CEO Sees ‘Surprisingly Resilient’ Global Consumer Spending
Citigroup CEO Sees ‘Surprisingly Resilient’ Global Consumer Spending
October 15, 2024  |  Earnings

Citigroup’s earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were...

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Tech Sector Cash Flows Hampered by Keeping Treasurers in the Dark
Tech Sector Cash Flows Hampered by Keeping Treasurers in the Dark
October 15, 2024  |  Technology

Technology industry treasurers face different challenges than their peers in other sectors. For example, only 50% report having strong influence in decision-making, far below other...

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Citi Debuts Token Services for Cash Cross-Border Payments Tool
Citi Debuts Token Services for Cash Cross-Border Payments Tool
October 10, 2024  |  Cross-border Payments

Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar...

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Citi and Mastercard Partner on Cross-Border Payments to Debit Cards
Citi and Mastercard Partner on Cross-Border Payments to Debit Cards
October 10, 2024  |  Cross-border Payments

Citi and Mastercard have teamed up to enable cross-border payments to Mastercard debit cards. The companies are launching this capability in 14 receiving markets across...

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OpenAI Liquidity Reaches $10 Billion With New Credit Facility
OpenAI Liquidity Reaches $10 Billion With New Credit Facility
October 03, 2024  |  artificial intelligence

The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech...

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Is API the Most Important 3-Letter Word in Global Banking Innovation?
Is API the Most Important 3-Letter Word in Global Banking Innovation?
September 30, 2024  |  Digital Banking

Today’s businesses exist and operate across a connected global landscape. Advances like instant payments and real-time data integration are becoming the norm, which puts pressure...

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Citi Hits Snag With China Plans as Regulators Flag Data Issue
Citi Hits Snag With China Plans as Regulators Flag Data Issue
September 23, 2024  |  Banking

Citi’s plan to expand in China has reportedly hit a regulatory bump in America. The trouble stems from a penalty levied by the Federal Reserve against the banking...

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Report: American Airlines Considering Making Citigroup Sole Credit Card Partner
Report: American Airlines Considering Making Citigroup Sole Credit Card Partner
September 20, 2024  |  Travel Payments

American Airlines is reportedly considering consolidating its business with a single credit card partner, potentially by making Citigroup its exclusive partner and dropping Barclays. The...

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