Citibank

The Week In Payments: Acquisitions, Partnerships And A Team Of Rivals Unite Over Standards
The Week In Payments: Acquisitions, Partnerships And A Team Of Rivals Unite Over Standards
December 20, 2019  |  Commentary

The year may be winding toward a close and slowing down, but this week the world of payments showed signs of neither as big players...

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US Bank Dials Back Growth Forecasts
US Bank Dials Back Growth Forecasts
September 12, 2019  |  Banking

To reflect the upcoming adoption of new accounting standards as well as lower interest rates, U.S. Bancorp cut its growth outlook in the long term....

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Citi Pilots Credit Card Installment Loans Down Under
Citi Pilots Credit Card Installment Loans Down Under
August 18, 2019  |  Loans

Citi Australia wants in on the burgeoning buy now, pay later market and is launching a new installment loan product with Kogan that will swap...

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Citibank Sees Credit Card Charge Offs, Delinquency Rates Spike
Citibank Sees Credit Card Charge Offs, Delinquency Rates Spike
August 15, 2019  |  Consumer Finance

Citigroup reported that its July credit-card delinquency rate increased to 2.91 percent in July, up from 2.56 percent in June. The lender’s three-month average is 1.54 percent,...

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Citigroup Beats Earnings Expectations, But Misses On Revenue
Citigroup Beats Earnings Expectations, But Misses On Revenue
October 12, 2018  |  Earnings

It was a better than expected showing when Citibank reported, with earnings coming in stronger than anticipated, buttressed by a lower corporate tax rate. According...

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Survey Shows EU Treasurers Find PSD2 Irrelevant
Survey Shows EU Treasurers Find PSD2 Irrelevant
October 02, 2018  |  B2B Payments

The European Union’s (EU’s) updated Payment Services Directive (PSD2) and Open Banking regulations have been hailed as having widespread impacts on the region’s financial services...

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Faster Payments Go Live In Hong Kong
Faster Payments Go Live In Hong Kong
September 27, 2018  |  Payments Innovation

Hong Kong has launched the Faster Payments System (FSP), which allows users to send money almost instantly using a mobile number or email address as...

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Typhoon Won’t Delay Hong Kong’s Real-Time Payment Launch: HKMA
Typhoon Won’t Delay Hong Kong’s Real-Time Payment Launch: HKMA
September 19, 2018  |  B2B Payments

Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster Payment System (FPS)...

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Citibank Agrees To Settle SEC ‘Dark Pool’ Claims For $12M
Citibank Agrees To Settle SEC ‘Dark Pool’ Claims For $12M
September 14, 2018  |  Banking

To settle allegations involving its premium “dark pool” called Citi Match, Citigroup will pay more than $12 million in “disgorgement and penalties.” The news comes...

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