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Citigroup

Why does Citibank want to open more branches in the age of online banking?

by Justin Ho
May 17, 2021
Mostly, it's about marketing.
Physical bank branches are good for building relationships with customers whom the bank hopes will buy more services over time.
Andrew Caballero-Reynolds/AFP via Getty Images
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Big banks' profits are doing better than the economy

by Justin Ho
Jan 15, 2021
They've been raking in money thanks to the strong stock market, companies' appetite for debt and initial public offerings.
Spencer Platt/Getty Images
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Race and Economy

U.S. suffered $16 trillion loss over 20 years due to racism new Citigroup study finds

by David Brancaccio , Nova Safo and Alex Schroeder
Sep 23, 2020
The biggest factor is entrepreneurship, where inequities resulted in a $13 trillion loss.
Mario Tama/Getty Images
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Here’s what bank earnings tell us about the economy

by Ryan Kailath
Apr 12, 2018
The fundamentals of this economy are strong right now but you wouldn’t always know it from the stock markets lately. Volatility has been the word of recent weeks. But on Friday big banks including JPMorgan Chase and Citigroup are expected to show strong profits. Click the audio player above to hear the full story. 
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The "Titanic" of Wall Street: The Citigroup merger 20 years later

by Paulina Velasco
Apr 6, 2018
The historic merger that changed how Wall Street is regulated happened 20 years ago this weekend.
Sanford Weill, chairman and CEO of Travelers Group, turns to look at the new Citigroup company logo as John Reed, chairman and CEO of Citicorp, addresses a press conference on April 6, 1998, in New York. 
JON LEVY/AFP/Getty Images
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Why is Wall Street losing black executives?

by Lizzie O'Leary
Jul 28, 2017
Some of the biggest U.S. banks are losing diversity, falling behind the rest of corporate America.
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Why boredom is a bank ethicist's best friend

by Kai Ryssdal and Robert Garrova
Apr 5, 2017
Success is 'when your company is not in the pages for misconduct,' says Princeton's's David Miller.
When a bank asks David Miller for guidance, the first thing he wants to know is "are they serious?"
Spencer Platt/Getty Images
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Rate rigging in London affects U.S. consumers

by Nancy Marshall-Genzer
May 20, 2015
Five of the world's largest banks are being fined billions.
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What's in a settlement?

by Stacey Vanek Smith
Jul 9, 2014
Citigroup is rumored to be close to a $7 billion settlement with the Justice Department. How does the DOJ set its fines?
A pedestrian walks by a CitiBank branch office in San Francisco, California.
Justin Sullivan/Getty Images
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Citigroup announces 11,000 layoffs

by Jeff Horwich
Dec 5, 2012
This morning Citi says that total is about to shrink -- 11,000 job cuts worldwide in the next year or two, some of them at least here in the U.S.
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