Citigroup reported that its July credit-card delinquency rate increased to 2.91 percent in July, up from 2.56 percent in June. The lender’s three-month average is 1.54 percent,...
It was a better than expected showing when Citibank reported, with earnings coming in stronger than anticipated, buttressed by a lower corporate tax rate. According...
The European Union’s (EU’s) updated Payment Services Directive (PSD2) and Open Banking regulations have been hailed as having widespread impacts on the region’s financial services...
Hong Kong has launched the Faster Payments System (FSP), which allows users to send money almost instantly using a mobile number or email address as...
Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster Payment System (FPS)...
To settle allegations involving its premium “dark pool” called Citi Match, Citigroup will pay more than $12 million in “disgorgement and penalties.” The news comes...
After Citibank, N.A. allegedly violated the Truth in Lending Act by failing to reevaluate and reduce the annual percentage rates (APRs) of consumer credit card accounts,...
Citi announced Monday (March 26) that it is gearing up to launch comprehensive new mobile capabilities on the Citi Mobile App for iPhone. In a...
By many measures, the economy looks strong. The stock market — despite a fairly steepWh correction a week ago — is still well ahead of where...