Citibank

• Banking Day staff

In one of its first acts since its swearing in, New Zealand’s new National-led coalition government has amended the remit of the RBNZ’s monetary policy committee, removing the ‘dual mandate’ introduce.. read more

• George Lekakis

National Australia Bank will close a range of Citi-branded deposit and transaction accounts to new customers in May, but says it will ramp up marketing of Citi’s stalled buy now pay later platform. read more

• George Lekakis

A surge in mortgage lending volumes at Citigroup’s Australian subsidiary could result in National Australia Bank having to pay more than $A1.2 billion to acquire the American bank’s local consumer ban.. read more

• John Kavanagh

NAB’s acquisition of Citigroup’s Australian consumer banking business moved one step closer to completion this week, when the Treasurer gave his approval for the deal. read more

• George Lekakis

Citi Australia confirmed yesterday that it will stop issuing cheque books next month as customers flock to digital ways of paying. read more

• George Lekakis

Citibank has frozen the accounts of subscribers to its Spot buy now pay later service after the bank introduced new measures to verify information received from customers. read more

• Banking Day staff

Queensland-based Heritage Bank has opened a branch at Macquarie Centre, a shopping mall in the Sydney suburb of North Ryde. read more

• George Lekakis

National Australia Bank is set to stir strategic tensions with global card schemes Visa and Mastercard after revealing it would pay $1.2 billion to buy Citi Australia’s consumer banking assets. read more

• George Lekakis

Citi Australia is about to join the banking industry’s assault on the buy now pay later sector, with the launch of a new BNPL brand - Spot - in October. read more

• George Lekakis

Citibank’s Australian retail banking business suffered a sharp fall in profitability last year as depressed economic conditions eroded revenue from credit cards and other lending activities. read more

• John Kavanagh

Citi has bowed to the demands of its high net worth customers for face to face contact and opened a “wealth hub” in the Sydney CBD. read more

• George Lekakis

Citi Australia’s efforts to invigorate its local home loan business have hit a snag with mortgage brokers encountering delays in securing accreditation from the bank. read more

• George Lekakis

Tight cost management and  lower impairment charges have helped Citigroup's Australian banking arm to regain earnings momentum. read more

• George Lekakis

Citibank is facing a backlash from politicians and consumer groups this morning after moving to claw back recent home loan rate cuts from new borrowers. read more

• George Lekakis

Citi Australia has joined the rush of banks and other traditional players to grab a slice of the burgeoning instalment payments market. read more

• John Kavanagh

Law firm Maurice Blackburn has launched a class action against five international banks, claiming they colluded to rig foreign exchange. The firm filed the class action in the Federal Court yesterday,.. read more

• George Lekakis

Citi Australia says its credit cards business returned to growth in the March quarter as a string of white label deals boosted average balances in its portfolio. read more

• Ian Rogers

ANZ, Citi and Deutsche will become the first financial services companies to face criminal charges in Australia over alleged cartel conduct - in this case dating from 2015 - assuming the DPP and ACCC.. read more

• Bernard Kellerman

One important part of the banking and finance sector given a relatively brief examination at the royal commission into misconduct in the banking industry was credit cards - specifically transaction fe.. read more

• Banking Day staff

S&P Global Ratings and Moody's Investor Service have assigned preliminary ratings to prime residential mortgage-backed securities to be issued by Citigroup. read more