Citi

CE 100 Index Adds 0.8% as Bank Sector Surges Amid Citi, Goldman Reshuffling  
CE 100 Index Adds 0.8% as Bank Sector Surges Amid Citi, Goldman Reshuffling  
September 18, 2023  |  Connected Economy

The Banking group, overall, was up 3.9%. And within that sector, several marquee names announced management changes or initiatives designed to revamp operations. Citi added...

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Citigroup Layoffs Focus on Support, Technology Staff
Citigroup Layoffs Focus on Support, Technology Staff
September 15, 2023  |  Banking

Citigroup has reportedly begun the layoff process after announcing a management overhaul on Wednesday (Sept. 13). Support staff in compliance and risk management at the bank...

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Citi Adds 4 Payment Solutions for Financial Institutions
Citi Adds 4 Payment Solutions for Financial Institutions
September 14, 2023  |  Payment Methods

Citi Treasury and Trade Solutions has unveiled a suite of payment solutions tailored for financial institutions (FIs), aiming to help them enhance their client experience. The...

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Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
September 13, 2023  |  Economy

Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. The new structure, announced Wednesday (Sept. 13), elevates the...

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Citi Backs Peruvian FX FinTech Rextie to Focus on Small Business Transactions
Citi Backs Peruvian FX FinTech Rextie to Focus on Small Business Transactions
August 24, 2023  |  Investments

Citi says it is investing in Peruvian foreign exchange (FX) FinTech Rextie.  “The investment makes Rextie Latin America’s first FX FinTech to receive an investment from one...

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Citi Streamlines Retail Offering as Personal Banking Income Grows 11%
Citi Streamlines Retail Offering as Personal Banking Income Grows 11%
August 23, 2023  |  Banking

Citi has introduced a series of new offerings designed to streamline its retail banking business. The new services, announced Wednesday (Aug. 23), come weeks after the banking giant...

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Commercial Card Adoption Poised to Rise as Acceptance Costs Decrease
Commercial Card Adoption Poised to Rise as Acceptance Costs Decrease
August 22, 2023  |  B2B Payments

Commercial card adoption, long sidelined by businesses because of cost concerns, is experiencing a renewed interest in business-to-business (B2B) transactions. The primary drivers of this...

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Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
August 18, 2023  |  Merchant Innovation

Etsy, eBay and Craigslist marked the “first generation” of ReCommerce sites — where anybody could sell just about anything to anyone.  Etsy, Poshmark and Depop...

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Banks’ Cautious Approach to Generative AI Is More Internal Than Customer-Facing
Banks’ Cautious Approach to Generative AI Is More Internal Than Customer-Facing
July 25, 2023  |  artificial intelligence

Generative artificial intelligence (AI) has quickly become one of the most important topics of our time, and global banks are beginning to explore the possibilities...

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