Citigroup Inc. (C)
Report: American Airlines Considering Making Citigroup Sole Credit Card Partner
American Airlines is reportedly considering consolidating its business with a single credit card partner, potentially by making Citigroup its exclusive partner and dropping Barclays. The airline's talks with banks and card networks are ongoing and the timing of an agreement is unknown, CNBC reported Friday (Sept.
U.S. Bank Stocks Rally After Fed Cuts Interest Rates by 50Bps
U.S. banks, including C, WFC, JPM, HTBI and FFWM, rally as the Fed cuts rates, raising hopes of lower deposit costs and improving loan demand and asset quality.
American Airlines eyes exclusive credit card deal with Citigroup over rival bank Barclays
American Airlines is in advanced talks to establish Citigroup as its sole credit card issuer, potentially ending its partnership with Barclays, a relationship that began after American's 2013 merger with US Airways, according to a CNBC report.
American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal
American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer Barclays from a partnership that dates back to the airline's 2013 takeover of US Airways, according to people with knowledge of the negotiations. American has been working with banks and card networks on a new long-term deal for months, hoping to consolidate its business with a single player to boost the revenue haul from its cards, said the people.
Citi expert warns of catastrophe if FED is too slow with rate cuts
The September Federal Open Market Committee (FOMC) has become a hot topic among investors, with many believing the FED will finally begin lowering interest rates.
4 Dividend Stocks to Double Up On Right Now
Verizon sports a fat dividend yield of 6.6% and plenty enough cash flow to cover it. Financial services powerhouse Citigroup offers a more modest but still solid 3.6% yield.
Citigroup to Divest Trust Service Unit, In Line With Overhaul Goals (Revised)
C is set to divest its trust administration services business, Citi Trust, to JTC to focus resources on its wealth business.
Citigroup Stock Dips 5.9% in a Month: Should You Make a Bet Now?
C's near-term challenges led to a decline in share price. However, its long-term prospects remain bright.
Citigroup to Divest Trust Service Unit, In Line With Overhaul Goals
C is set to divest its trust administration services business, Citi Trust, to JTC to focus resources on its wealth business.
Citigroup sells trust services unit to JTC for $80 million
Professional services provider JTC said on Monday it has agreed to buy Citigroup's global fiduciary and trust administration services business for $80 million.
Citigroup shifts compliance work for 800 staff after $136M fine
Citigroup, one of the world's largest financial institutions, is undergoing a significant restructuring of its compliance efforts in response to recent regulatory pressures. The bank is shifting responsibility for a crucial aspect of its compliance work, along with approximately 800 employees, away from Chief Operating Officer Anand Selva.
Citigroup's Resurgence To Accelerate By Ramping Share Buybacks
Citigroup's stock is undervalued at ~0.65x tangible book value. Jane Fraser's strategic overhaul is making significant progress, aiming for 11%-12% RoTCE by 2026, with potential catalysts in 2025 boosting stock price. Share buybacks at current discounted valuations are highly accretive, with capital headwinds dissipating, allowing for increased capital returns to shareholders.
