Citi has a new head of commercial banking (CCB) for the United Kingdom. James Morris, a 25-year veteran of British banking giant Barclays, is expected to take on that role Sept. 30, Citi announced Monday (July 15) in a news release emailed to PYMNTS. “James...
Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers are falling behind a bit amid evidence of budget tightening. The company’s earnings release indicates that spending on Citi’s cards...
The big banks will kick off earnings season Friday (July 12), as is the case quarter after quarter. In addition to the usual metrics that will be closely watched by investors, economists and everyone else — the loan performance, the deposits, the debit and credit...
Federal investigators say drug traffickers laundered money through Citigroup, believing it had looser fraud measures. As the Financial Times (FT) reported Monday (July 1), a newly unsealed indictment alleges that a pair of California residents — accused of working with the Sinaloa drug cartel —...
May 31, 2024
At a time of higher interest rates and heightened market volatility, actionable insights and forecasting take on greater importance for corporate treasury teams. For example, better cash flow prediction can allow treasurers to manage liquidity more tightly, minimizing financing costs. However, the wealth of data now available to large companies does not automatically transform into […]
May 06, 2024
We may be witnessing the beginnings of a great pullback in consumer spending. At least in some areas. As paycheck-to-paycheck living remains a reality for most U.S. consumers, the strategies are multipronged: trading...
May 06, 2024
The amount of data now being generated by consumers is testing the constraints of the dictionary. Only 10 years ago it was measured in terabytes, which is a trillion bytes. But now those 329 million terabytes of...
April 23, 2024
Management guru Peter Drucker once said that “wherever you see a successful business, somebody made a courageous decision.” That’s the spirit behind the Certainty Project, a study from PYMNTS Intelligence highlighting...
July 15, 2024
Citi has a new head of commercial banking (CCB) for the United Kingdom. James Morris, a 25-year veteran of British banking giant Barclays, is expected to take on that role Sept. 30, Citi announced Monday (July 15) in a news release emailed to PYMNTS. “James is an experienced banking leader with a proven track record […]
July 01, 2024
Federal investigators say drug traffickers laundered money through Citigroup, believing it had looser fraud measures. As the Financial Times (FT) reported Monday (July 1), a newly unsealed indictment alleges that...
June 26, 2024
Citigroup’s head of risk data, analytics, reporting and tech Peter Cai has reportedly become the latest senior executive to leave the bank. Cai’s departure was announced internally on Tuesday (June...
June 19, 2024
Which industry’s job market will be most impacted by artificial intelligence (AI)? According to a new report by Citi, a little more than half — 54% — of jobs in...
