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Citigroup

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ANZ’s Maile Carnegie

ANZ Bank opens new front in mortgage wars

ANZ Bank is adding lower-cost digital home loans to its wider arsenal as it looks to grab a bigger share of the $2.1 trillion home loan market.

  • Clancy Yeates

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Two key events in the US this week: November CPI early Wednesday AEDT; Fed rate decision on Thursday AEDT.

Which crisis? Wall Street’s big banks score $US1 trillion of profit in a decade

In a time marked by public anger at banks, tougher rules, geopolitical havoc, the pandemic and some treacherous market swings, the six giants of US banking have not only survived, but pulled in their biggest profits ever.

  • Max Abelson and Hannah Levitt
Citi consumer bank CEO Alan Machet.

Citi on alert for spending pull-back due to rising costs

Credit card giant Citi says while customers are in good shape today, it will be looking out for softer discretionary spending on credit cards later this year.

  • Clancy Yeates
Wall Street has wobbled amid concerns that the Federal Reserve may be more inclined to raise interest rates in the wake of fresh inflation data.

Wall Street wobbles lower as investors monitor inflation, earnings

Traders say the market is coming to grips with selling really highly valued, profitless tech names and finding other places to put money.

  • DAMIAN J. TROISE and ALEX VEIGA
NAB is looking to expand in credit cards by buying Citi’s Australian retail assets.

NAB buys Citi's Australian retail bank for $1.2 billion

National Australia Bank is looking expand its share of the credit card market by buying Citi’s Australian retail banking arm.

  • Clancy Yeates
BlackRock, Citi and HSBC are looking at buying up coal plants.

BlackRock joins Citi and HSBC in plan to close coal plants early

BlackRock and other major financial institutions are working on plans to accelerate the closure of coal-fired power plants in Asia in a bid to phase out the use of the worst man-made contributors to climate change.

  • Krystal Chia
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Citi Australia’s head of cards and loans, Choong Yu Lum.

Citi says buy now, pay later not a ‘fad’ as it joins the stampede

Global giant Citi says the rise of buy now, pay later products is a major shift, as it prepares to move into the local market.

  • Clancy Yeates
An office worker goes to work at JP Morgan in Wall Street’s new dress code - chinos and sneakers.

Wall Street suits are returning to the office. In chinos, sneakers and ballet flats

As Wall Street workers trickle back into their Manhattan offices, they are noticeable for their casual attire. Even the Lululemon logo has been spotted.

  • Lananh Nguyen and Melodie Jeng
ACCC chairman Rod Sims: “Citi is an important player, particularly in cards, so this is something we’d have a very very close look at.”

Potential NAB-Citi deal will get the full ACCC treatment

Competition tsar Rod Sims says any attempt by National Australia Bank to buy Citi’s retail bank will be subject to strictest scrutiny.

  • Clancy Yeates
A major forex class action in the UK could open the floodgates to a rush of legal actions on behalf of consumers.

Banks facing $1.85bn lawsuit over forex rigging claims

Class action lawsuits are rare in the UK, but this one promises to be a doozy.

  • Lucy Burton

Original URL: https://www.smh.com.au/topic/citigroup-inc-1mv8