Articles with tag like: Citigroup

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Mastercard to provide digital debit card for Citi Plex accounts on Google Pay

News | Cards | 26 Nov 2020

Mastercard and Citigroup have announced their collaboration, with Mastercard acting as the network partner for the launch of the Citi Plex account on Google Pay.

MasterCard, Citigroup, Google Pay, partnership, debit card, mobile payments, contactless payments

JP Morgan pledges USD 30 bln for reducing racial wealth gap

News | Payments General | 08 Oct 2020

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

News | Online & Mobile Banking | 05 Oct 2020

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

News | Payments General | 05 Oct 2020

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

News | Payments General | 02 Oct 2020

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

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

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

News | Payments General | 19 Aug 2020

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

News | Cards | 13 Aug 2020

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

News | Payments General | 14 Jan 2020

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

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

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

News | Cards | 15 May 2019

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

News | Cryptocurrencies | 19 Mar 2019

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

Companies partner to digitalise commodity trade with blockchain

News | E-invoicing, SCF & E-procurement | 21 Sep 2018

Fifteen banks, trading firms, and an inspection company have partnered to digitalise the trade and commodity market.

blockchain, Citigroup, ConsenSys, komgo SA

Citigroup works on new Bitcoin trading product

News | Cryptocurrencies | 10 Sep 2018

Citigroup has started working on a new Bitcoin trading product to the market, aiming to be ahead of its Tier I banking rivals around the world.

Citigroup, Bitcoin, cryptocurrency, investment, banks, crypto market

Robo adviser Fountain receives full FCA authorisation

News | Payments General | 25 Jul 2018

UK-based digital wealth manager Fountain has received full authorisation from the Financial Conduct Authority enabling the company to enter the market.

Robo adviser, Fountain, FCA authorisation, Financial Conduct Authority, UK, investing, Charlotte Street Capital, Goldman Sachs, Société Générale, Citigroup, Deutsche Bank

Citi prepares for Asia investment surge with new desk in India

News | E-invoicing, SCF & E-procurement | 11 Jul 2018

Citigroup has announced setting up a China business desk in India betting on a pickup in investment flows within the Asian region.

Citi, Citigroup, Asia, India, China, investment banking, trade finance, corporate loans, cash management

Fintech cyber security consortium initiative led by World Economic Forum

News | Digital Identity, Security & Online Fraud | 08 Mar 2018

The World Economic Forum has led the creation of an industry consortium that aims to improve the cybersecurity of financial technology companies.

World Economic Forum, WEF, fintech, financial services, cybersecurity, Citigroup, fraud prevention