Browsing: Citi

Key insight: Roughly four years after the invasion of Ukraine, Citi has completed its exit from Russia.Why it matters: The sale of AO Citibank resulted in…

What’s at stake: A quantum attack on a top bank’s payment access could trigger a cascading failure costing the U.S. economy up to $3.3 trillion.Supporting data:…

The transition was long expected, after Citi’s 2024 announcement that it would acquire Barclays’ AAdvantage cards and move existing cardholders to Citi products. In late 2025,…

Key insight: Ex-Citi executive Julia Carreon is accusing the bank of maintaining a sexually discriminatory culture that ultimately forced her to resign from her job.What’s at…

Citigroup Inc. is set to cut about 1,000 jobs this week as part of Chief Executive Jane Fraser’s march to keep a lid on costs and…

Key insight: Citi has been freed from an amended consent order issued by the OCC in July 2024.What’s at stake: The megabank continues to operate under…

Key insight: Citi CFO Mark Mason will depart the bank by the end of next year.What’s at stake: Incoming CFO Gonzalo Luchetti will take over as…

Key insight: Citi is the last of the four U.S. megabanks to give the chair role to its CEO.Expert quote:  “As we get more and more…

New applicants for the Citi Strata Elite℠ Card shouldn’t have to worry about experiencing the same kinds of income-verification headaches that some early adopters have suffered,…

A Citi executive says the bank has no regrets about how it handled customer complaints against its new premium credit card, which were publicized by the…