Articles with tag: citigroup

Found 11 results in 171 milliseconds.

JP Morgan pledges USD 30 bln for reducing racial wealth gap

08 Oct 2020 | Payments General

JP Morgan has declared it would commit USD 30 billion to address racial inequality over the next 5 years, according to Reuters.

JP Morgan, racial wealth gap, racial inequality, Reuters, mortgage, Black borrowers, Latino borrowers, housing project, small business loans, banks, philanthropy, minority suppliers, Bank of America, Citigroup, Community Development Financial Institutions, CDFIs, loans

Citigroup invests in fintech Genesis

05 Oct 2020 | Online & Mobile Banking

Citigroup has invested in UK-based fintech Genesis, a startup that develops technology for financial firms to build applications such as trading systems, according to Reuters.

Citigroup, fintech, Genesis, investment, financial firms, trading systems, applications, application platforms, banks, financial institutions, coding, IT operations, pandemic

As pandemic recession takes hold, large US banks to report profit plunge

05 Oct 2020 | Payments General

Financial analysts expect large US banks to report a 30% to 60% plunge in profits on the year-ago period due to the pandemic-induced recession and near record low interest rates.

Citigroup, Wells Fargo, JPMorgan Chase, Bank of America, Goldman Sachs, Morgan Stanley, profit, recession, US

Goldman Sachs to acquire GM's credit card unit for USD 2.5 bln, WSJ

02 Oct 2020 | Payments General

Goldman Sachs has announced the buying of General Motors’s credit card business for about USD 2.5 billion (GBP 1.94 billion), according to the Wall Street Journal cited by Reuters.

Goldman Sachs, GM, General Motors, credit card, WSJ, Wall Street Journal, banks, credit card business, Wall Street, bank, Barclays, credit card issuer, Capital One Financial, investment banking, trading, consumer banking, JP Morgan, Citigroup, Apple, US, covid-19, pandemic

Bank of Georgia secures USD 50 mln trade finance facility with Citi

18 Sep 2020 | E-invoicing, SCF & E-procurement

Bank of Georgia has signed a USD 50 million one-year trade finance facility with US-based bank Citigroup.

Bank of Georgia, Citi, trade finance, facility, Citigroup, bank, reimbursement, trade advances, retail banking, payment services, corporate banking, investment banking, wealth management, trade finance solutions

Citibank sues Brigade Capital

19 Aug 2020 | Payments General

US-based Citigroup has asked a federal court to force hedge fund Brigade Capital to return USD 176 million.

Citibank, banks, payments, US, Citigroup, federal court, Brigade Capital, Revlon, Brigade, loans

Goldman Sachs, Barclays bid for GM's credit card business

13 Aug 2020 | Cards

Goldman Sachs and Barclays have reportedly announced intentions to buy General Motors' credit card unit as they look to increase their consumer banking arm, according to Reuters.

Goldman Sachs, Barclays, General Motors, GM, credit card business, consumer banking, automaker, outstanding balances, Reuters, JP Morgan Chase, Citigroup, Marcus, Apple, iPhone, Apple Wallet, ecommerce

China drafts rules to cover online-only banking operations

14 Jan 2020 | Payments General

China is working to finalise its first rules to cover online-only banking operations in a push to minimise risk in the financial sector and attract players including foreign lenders, according to Reuters.

China, online banking, retail banking, fintech, Citigroup, HSBC Holdings, Standard Chartered, Alibaba, Tencent, banking

TBC Bank signs trade finance framework agreement with Citibank Unit

02 Aug 2019 | E-invoicing, SCF & E-procurement

Georgia-based TBC Bank Group has signed a continuing agreement for the reimbursement of trade advances with Citibank.

TBC Bank, Citibank Unit, trade finance, trade finance framework, partnership, Georgia, Citigroup, Citibank, import transactions

Citigroup to expand in India with Paytm tie-up

15 May 2019 | Cards

Paytm has launched a credit card with Citigroup, giving its banking partner the opportunity to expand its credit card customer base in India.

Citigroup, India, Paytm, card, Paytm First Card

Citigroup ditches the launch for its own cryptocurrency

19 Mar 2019 | Cryptocurrencies

Pilot cryptocurrency token testing has forced Citigroup to scrap the plans to launch its own crypto coin, according to Coindesk reports.

Citigroup, cryptocurrency, token, cross border, stablecoins, digital token capabilities, payments, banks, trading