Investment Banks Seek to Win Back Private Credit Loans
Investment banks are reportedly trying to win back leveraged finance deals from the private credit space. Banks such as Goldman Sachs, Citi and Barclays are among the banks in talks with buyout firms...
View ArticleCiti Launches Browser Extension That Finds Coupons, Promo Codes
Citi launched a new browser extension designed to help consumers save money while shopping online. The free tool, Citi Shop, is available to eligible U.S. Citi credit cardmembers and allows them to...
View ArticleCredit Card Delinquencies Keep Hovering Above Pre-COVID Levels
America’s credit card companies ended December with delinquencies and charge-off rates essentially unchanged from November. And as a Monday (Jan. 29) Seeking Alpha report notes, the average rates of...
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New Report Examines Impact of Cross-Border Payments on Business Growth
In an era of disruptive technologies, cross-border payments are quietly undergoing a revolution. The emerging paradigm centers around cost-effective, real-time payment options with maximum visibility...
View ArticleNew York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
New York Attorney General Letitia James accused Citi of failing to protect fraud victims. In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor alleged that the banking giant has no...
View ArticleClosing the Books on the Global Challenge of X-Border Accounting
One of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s a silent but often deadly snarl that can tangle up business’ plans to tap into the potential of...
View ArticleCapital One/Discover Combo Could Create Financial Ecosystem for...
In any industry, a $35 billion deal is, of course … a big deal. But in financial services, the news that Capital One has set the stage to buy Discover Financial is notable not just for the size of the...
View ArticleJPM Veteran Raghavan Joins Citi as Banking Head
Citi has named a 24-year veteran of JPMorgan Chase as its new banking head. Viswas “Vis” Raghavan is set to join Citi’s executive management team and will report to CEO Jane Fraser, the chief executive...
View ArticleCiti Ventures Becomes Strategic Investor in Core Banking Provider Tuum
Citi Ventures has become a strategic investor in Tuum in an extension to the Series B funding round Tuum announced in February. Together with its investment, Citi Ventures will introduce Tuum to key...
View ArticleCitigroup Sees Renewed Interest in M&A, IPOs
The EMEA DisrupTech conference in London, convened by Citigroup, reportedly spotlighted the burgeoning environment for mergers and acquisitions (M&A) in 2024. The event assembled 48 private...
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