Some banks have recently started automatically increasing credit card limits for customers; the credit card companies hope that doing so...
Digital wealth management fintech Robinhood has made the news for all the wrong reasons lately as they have been suffering...
Citigroup will provide funding for mortgages which will eventually be securitized and sold; the terms of the deal were not disclosed; LendInvest has continued to grow loan volumes with 2017 volume at 500 million pounds. Source
John Gerspach, Chief Financial Officer of Citigroup stated at an investor conference they are building the foundation which will support the launch of a national digital consumer bank launch in the next three years; the bank currently has around 700 bank branches which is far fewer than the three biggest banks. Source
For a long time the big players in trade finance have been HSBC, BNP Paribas and Citigroup; in recent years...
Citigroup’s new robo-advisor will be free for customers who have at least $50,000 in deposits or investments; this is the...
JPMorgan Chase, HSBC and Deutsche Bank are amongst a group investing $20mn in online shareholder platform Proxymity; the company is...
According to a new study released by J.D. Power consumers gave the highest ratings to some of the biggest banks...
Citigroup has a new small business loan offering offered through a branded partnership with Biz2Credit; the partnership follows new small business offerings from JPMorgan and Wells Fargo; Rohit Arora from Biz2Credit said the partnership has not been widely publicized because it is in very early stages; small business lenders use a website interface managed by Biz2Credit that submits their information to a Citigroup banker for follow up; Arora also said the new small business loan offering is part of the bank's Community Reinvestment Act obligations. Source
Pagaya is an asset manager based in New York; they announced that they have received $75 million in debt financing from Citi; the funds will be used for its Opportunity Fund to invest in loans by online lenders such as Prosper and LendingClub; the company uses machine learning to determine loans worthy of investment. Source