Browsing: Citi

Citigroup Inc. is set to cut about 1,000 jobs this week as part of Chief Executive Jane Fraser’s march to keep a lid on costs and…

Key insight: Citi has been freed from an amended consent order issued by the OCC in July 2024.What’s at stake: The megabank continues to operate under…

Citi has been shrinking its international consumer banking franchise for nearly five years as part of CEO Jane Fraser’s plan to refashion the megabank into a…

Key insight: Citi CFO Mark Mason will depart the bank by the end of next year.What’s at stake: Incoming CFO Gonzalo Luchetti will take over as…

New applicants for the Citi Strata Elite℠ Card shouldn’t have to worry about experiencing the same kinds of income-verification headaches that some early adopters have suffered,…

Key insight: Citi is the last of the four U.S. megabanks to give the chair role to its CEO.Expert quote:  “As we get more and more…

A Citi executive says the bank has no regrets about how it handled customer complaints against its new premium credit card, which were publicized by the…

With Citi emerging as the sole issuer of American Airlines credit cards, the bank is expanding its collection of cards for loyal American flyers. Welcome offer…

Key insight: Citigroup’s net income for the third quarter rose by double-digits.Forward look: The megabank slightly tweaked its guidance for full-year revenues and expenses. Supporting data: Revenues…

In the world of global finance, risk is a multitrillion-dollar word. It’s the invisible force that can destabilize markets, threaten fortunes and erode public trust.Yet in…