Judge dismisses Citi ATM fee racial bias suit

April 4, 2025

A Florida judge has dismissed a lawsuit against Citi that alleged racial discrimination. The lawsuit argued that Citi was committing racial discrimination by…

ATM fees rise to $4.77, hitting 26-year high

August 23, 2024

ATM fees have risen yet again in 2024, going up to $4.77 compared to $4.73 last year. This is the highest rate since 1998, according to a report by Bankrate.

Big US banks pass stress tests, will increase dividends

July 1, 2024

Multiple big U.S. banks passed their annual stress tests with the Federal Reserve, which show they have enough capital to withstand major market upsets. As a…

Citi partners with Emirates NBD for clearing service in Middle East

June 17, 2024

Citi partnered with Emirates NBD, a banking group in the Middle East, North Africa and Turkiye region to introduce a USD clearing service. With this service…

Citi ATM fee waiving policy for minority-owned banks leads to lawsuit

May 21, 2024

A group of Florida customers have entered a lawsuit against Citigroup for allegedly charging out-of-network fees at Citi ATMs for white customers. The lawsuit…

Citi completes trades on Hong Kong Synapse platform

October 18, 2023

Citi Securities Services completed a trade settlement for China Asset Management on Hong Kong Exchanges and Clearing Ltd.'s Synapse platform. Citi is the first…

Banks show no major signs of recession

July 19, 2022

In recent months, there has been a lot of talk of a recession, but big banks are showing no major signs of weakness ahead of a recession, according to a report…

Citi to deliver improved account management

July 14, 2022

Citi is partnering with Saphyre, a fintech company, to provide better account opening and management services.

Citi partners with Stenn to offer deep-tier supplier financing

March 29, 2022

Citi is partnering with Stenn, a platform for small-to-medium enterprise funding, to offer deep-tier supplier financing. Stenn's platform will provide…

Citi ends overdraft fees

February 25, 2022

Citi recently announced it will eliminate all overdraft fees, returned items fees and overdraft protection fees by this summer, according to a press release.

Bank Customer Experience Summit closing keynote addresses how banks can succeed in a digital banking world

by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator

One major challenge for banks is the rise of digital challengers and neobanks, which have disrupted the banking world and business models. The closing keynote…

Citi intros Bridge lending program for SMBs

August 20, 2021

Citi has introduced Bridge, a lending platform to help small and medium sized businesses gain access to reginal, local and community banks for loans up to $1…

Citi beats revenue estimates, exiting consumer franchises in 13 markets

April 16, 2021

Citigroup Inc., reported net income for the first quarter 2021 of $7.9 billion on revenues of $19.3 billion. This compared to net income of $2.5 billion on…

Citi fined for deleting files

September 29, 2020

Citibank has been fined $4.5 million by the Commodity Future Trading Commission for deleting millions of audio files, including recordings which had been…

Citi appoints Jane Fraser CEO

September 10, 2020

Jane Fraser, a 16-year veteran of Citibank and the head of the company's global consumer banking unit, will be Citi's next CEO, making her the first female…

Bank call centers feeling pressure of COVID-19

by David Jones — Editor, Networld Media Group

COVID-19 forced most of the nation's major banks to restrict lobby access, the reduced access along with the economic downturn have placed enormous pressure on…

Citi expands COVID-19-related waivers, deferrals

April 7, 2020

Citi is launching a program to expand its COVID-19 assistance to retail customers and small businesses, beyond initial fee waivers announced in early March. 

Top CA banks temporarily suspend mortgage payments due to COVID-19

March 27, 2020

Citi offers fee waivers, hardship assistance amid coronavirus impact

March 9, 2020

Citi announced several measures, including fee waivers, hardship programs and extended banking help, to help retail customers and small businesses with help to…

Fidelity spins off Akoya to boost consumer control over finance data

February 20, 2020

FMR LLC, the parent of Fidelity Investments, is spinning off financial data firm Akoya into a company that will be jointly owned by Fidelity, The Clearing…