For Citigroup, a change in how it plans to operate in the U.S. is all about streamlining operations so its global network can be on the same page regarding product development, payments technology and card portfolio growth.

Two years after Citi launched more than 7 million contactless-enabled Costco credit cards in the U.S., Costco has finally enabled tap and pay at its U.S. stores.

Anand Selva, a longtime Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans, such as former Citi CEO Vikram Pandit.

Citigroup Inc. is restructuring its consumer banking operation in a shake-up that includes the departure of its global credit card chief.

The Fed's order targets affidavits prepared by employees of CitiFinancial in connection with the company's exiting the mortgage servicing business.

Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.

Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.

With Blankfein retiring, the JPM chief will be the last crisis-era big bank CEO still in charge; earnings and big payouts are boosting bank equity prices.

The trend poses challenges for banks, which have long required customers who want fees waived to put in their own effort.

Jamie Dimon and Lloyd Blankfein remain prominent public figures, but many other crisis-era CEOs have kept low profiles over the past decade.

The letter from 29 Republicans, including some who may chair the House Financial Services Committee next year, urges the Federal Reserve’s top regulator to "recalibrate" the capital surcharge for banks like JPMorgan Chase and Citigroup.

Citi and other banks are investing in automation aimed at speeding up the old-fashioned process for institutional clients' receivables and payables.

Both PayPal and Citigroup are taking a bigger role in the market for cross-border payments, a strategy that led both companies to participate in a $50 million round in PPRO Group, a U.K.-based cross border e-payment company.

Bank of America’s consumer loans grew a lot. But its rivals? Not so much. The mixed results raise questions about whether BofA’s performance is a leading or trailing indicator, and if credit quality is going to be more of a problem industrywide.

Citigroup is using tracking and transparency to push back against rivals that paint traditional bank-powered international payments as a costly, time-consuming relic.

Citigroup's traders underperformed their peers at JPMorgan, and Citi's U.S.-branded card revenue fell. Its global business performed well, but the looming trade war presents uncertainty.

The change in store card branding would be a big blow to Synchrony; “equivalence” with EU rules “falls far short” of U.S. banks’ hopes.

U.S. financial institutions such as Bank of America, Citigroup, JPMorgan Chase and Goldman Sachs have reported hundreds of millions of dollars of losses stemming from the scandal at retailer Steinhoff International.

Panelists: Deborah Waters, Global Head of Private Bank Operations and Technology, Citi; and Kraleigh Woodford, Managing Director Head of Digital Client Experience UBS WM USA.

Citigroup and Mastercard replace Barclays and Visa as the card partners for the Maine apparel retailer.