Citigroup

Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses

Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses
Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses
July 14, 2020  |  Earnings

Big banks kicked off the second-quarter earnings season Tuesday (July 14) by reporting COVID-weakened consumer banking revenues, but bright spots in trading and digital. While...

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Citigroup Trading Revenue Boosts Q2 Results
Citigroup Trading Revenue Boosts Q2 Results
July 14, 2020  |  Earnings

A surge in fixed-income trading revenue amid a roller coaster ride on Wall Street helped Citi turn a profit during a turbulent second quarter, despite...

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Citi: FIs’ Role In Creating Resilient Global Trade Finance Initiatives
Citi: FIs’ Role In Creating Resilient Global Trade Finance Initiatives
July 14, 2020  |  Banking

When Citigroup and the International Finance Corp. (IFC) teamed up more than a decade ago, the world remained in the midst of an economic crisis...

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Consumers Sour On Travel Rewards Cards
Consumers Sour On Travel Rewards Cards
June 29, 2020  |  Loyalty & Rewards

After spending years fine-tuning travel reward cards, banks have found that the coronavirus pandemic decimated all the effort by reducing the need or will to...

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US Banks Saw $2T Increase In Deposits During Pandemic
US Banks Saw $2T Increase In Deposits During Pandemic
June 22, 2020  |  Banking

A record $2 trillion has been deposited into U.S. bank accounts since the coronavirus first hit the U.S. in January, according to a report by...

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Citi To Bolster Business Lending In Europe With New Staff, Offices
Citi To Bolster Business Lending In Europe With New Staff, Offices
June 04, 2020  |  B2B Payments

To fill in openings left by competitors encountering the impacts of a recession brought by the pandemic, Citigroup is aiming to bolster its commercial banking...

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Citigroup Ponders Suburban Satellite Offices 
Citigroup Ponders Suburban Satellite Offices 
May 20, 2020  |  Real Estate

As the country starts lifting stay-at-home mandates and people head back to the office, Citigroup is considering a temporary relocation to the suburbs until it’s...

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Citi Initiative Will Focus On Digital Experiences For Corporates
Citi Initiative Will Focus On Digital Experiences For Corporates
May 19, 2020  |  B2B Payments

Citi’s Institutional Clients Group (ICG) is developing a unified approach to its electronic platforms with a particular emphasis on corporate clients. Get the Full Story...

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‘Green Shoots’ Or Scorched Earth: What We’ve Learned From Banks And Payment Networks’ Latest Earnings Calls
‘Green Shoots’ Or Scorched Earth: What We’ve Learned From Banks And Payment Networks’ Latest Earnings...
May 04, 2020  |  Banking

Amid the coronavirus pandemic and recessions, the old saying in life might hold true in business, and in particular for firms that rely on consumer...

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