Citigroup

Today In Payments: Oracle Latest Potential TikTok Buyer; Citibank Files Suit For $176M Mistaken Payment

Today In Payments: Oracle Latest Potential TikTok Buyer; Citibank Files Suit For $176M Mistaken Payment
Today In Payments: Oracle Latest Potential TikTok Buyer; Citibank Files Suit For $176M Mistaken Payment
August 18, 2020  |  News

In today’s top news, Oracle is reportedly looking to acquire TikTok, and Citigroup filed suit to reclaim $176 million that it mistakenly sent to Brigade...

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Citibank Files Suit For $176M Payment Made By Mistake
Citibank Files Suit For $176M Payment Made By Mistake
August 18, 2020  |  Debt

Citigroup Inc. has asked a federal judge to order Brigade Capital Management LP to return $176 million accidentally paid to the New York-based global investment...

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Citi Wants Revlon Lenders To Return $900M Paid In Error
Citi Wants Revlon Lenders To Return $900M Paid In Error
August 14, 2020  |  Loans

Citigroup Inc. paid nearly $900 million by mistake to Revlon Inc. lenders due to a clerical error and wants its money back, Bloomberg News reported....

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Banks Brace For Wave Of Corporate Credit Calamities
Banks Brace For Wave Of Corporate Credit Calamities
August 11, 2020  |  Loans

Before the deluge – of possible bankruptcies, that is – come the provisions. Get the Full Story Complete the form to unlock this article and...

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Citi Changes Its TTS Management Team
Citi Changes Its TTS Management Team
August 03, 2020  |  Personnel

Citi has named Stephen Randall as the TTS global head of liquidity management services in the London office, the company has announced. Get the Full...

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Citi BNPL Option Now On Amazon
Citi BNPL Option Now On Amazon
August 03, 2020  |  Buy Now Pay Later

Citi credit card holders can now use the company’s Flex Pay option to buy products on Amazon, the financial services giant announced Monday (Aug. 3)....

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Scotiabank: Why Banks Need To Rethink Personalization
Scotiabank: Why Banks Need To Rethink Personalization
July 22, 2020  |  Digital-First Banking

Financial institutions (FIs) are beginning to see the light at the end of the tunnel for bouncing back from the pandemic, but the crisis has...

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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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