Citigroup

Citi Says Issues Arise With Credit Card Interest Rate Calculations

Citi Says Issues Arise With Credit Card Interest Rate Calculations
Citi Says Issues Arise With Credit Card Interest Rate Calculations
February 23, 2018  |  Payment Methods

Citigroup disclosed in a filing with the Securities and Exchange Commission (SEC) on Friday (Feb. 23) that it uncovered “methodological issues” with how it calculates...

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Big Banks Ban Bitcoin Purchases Using Credit Cards
Big Banks Ban Bitcoin Purchases Using Credit Cards
February 05, 2018  |  Bitcoin

Bitcoin’s valuing is sinking and credit card companies are not helping, with the list of issuers banning bitcoin growing. Get the Full Story Complete the...

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BofA Examines Use Of Credit Cards For Bitcoins
BofA Examines Use Of Credit Cards For Bitcoins
January 26, 2018  |  Bitcoin

Bank of America and Citigroup, which currently allow customers to use their credit cards to purchase bitcoin, are looking over their cryptocurrency policies. This comes...

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Big Four U.S. Banks Hit With $12.5B In Credit Card Losses
Big Four U.S. Banks Hit With $12.5B In Credit Card Losses
January 22, 2018  |  Debt

When it comes to credit card debt, American consumers aren’t the only ones who are suffering. New results show that the big four U.S. retail...

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Citi Beats Street As Consumer And Cards Show Gains
Citi Beats Street As Consumer And Cards Show Gains
January 17, 2018  |  Earnings

Citigroup’s headline numbers showed a sizable quarterly loss on the newly enacted tax law – but excluding that $22 billion charge and the resulting $18...

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China Eyes Open Markets, Wide Shut
China Eyes Open Markets, Wide Shut
November 23, 2017  |  Investments

On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. Get...

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Amid Push To Open China’s Financial Markets, Some Banks May Hesitate
Amid Push To Open China’s Financial Markets, Some Banks May Hesitate
November 16, 2017  |  Bank Regulation

Will China’s invitation get the party started? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Big Banks Put The Brakes On Retailer Loans
Big Banks Put The Brakes On Retailer Loans
November 03, 2017  |  Loans

The country’s largest banks, JPMorgan Chase & Co., Bank of America and Citigroup, are reducing loans to retailers at a time when the industry is...

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Citigroup Pockets $150M From Selling Hilton Hotel Card Deal To Amex
Citigroup Pockets $150M From Selling Hilton Hotel Card Deal To Amex
November 01, 2017  |  Partnerships / Acquisitions

Citigroup announced that it expects to record a $150 million pretax gain on the sale to American Express of a $1.2 billion credit card portfolio,...

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