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The article states that U.S. banks Citigroup Inc., Capital One Financial Corp., and J.P. Morgan Chase & Co. rejected a $19 million settlement supported by the U.S. financial services company MasterCard Inc. concerning a data breach suffered by U.S. retailer Target Corp. The article states that MasterCard and Target agreed to the settlement in April 2015 but required 90 percent backing from banks representing affected cardholder accounts.

The article reports that banking company Citigroup Inc. and credit-card company Visa Inc. have won credit-card contracts from retailer Costco Wholesale Corp. Visa will be the only brand of credit card accepted by Costco starting in April 2016. In addition, Citigroup and Costco will together issue a co-branded card. Over a previous 16-year period the only cards accepted at Costco had been those from financial company American Express Co.

The article reports that retailer Costco Wholesale Corp. and financial firm American Express Co. (Amex) will end their agreement under which Amex credit cards were the only ones accepted at Costco outlets. Amex chief executive Ken Chenault said his company was unable to reach agreement on an economically sensible renewal of its current pact with Costco. Banking companies J. P. Morgan Chase & Co. and Citigroup Inc. are both seeking to offer co-branded credit cards with Costco.

The article reports that on September 23, 2013 financial company Citigroup Inc. announced 1,000 new layoffs from its mortgage operations. Along with rivals Bank of America Corp. and Wells Fargo & Co., Citigroup has been coping with rising interest rates that have reduced business in mortgage-loan origination and refinancing.

The article discusses declines in demand in the U.S. mortgage refinancing market and home loan market as of September 2013, focusing on the impact of the declines on lenders and banks. According to the article, the declines may be due to interest rate increases. Financial firms such as Citigroup Inc. and J. P. Morgan Chase & Co. are mentioned.

The article discusses balance-transfer offers that banks are presenting to consumers with good credit histories. J. P. Morgan Chase & Co., Discover Financial Services, and Citigroup Inc. are among institutions seeking to gain new customers by offering them an opportunity to transfer existing credit-card balances over to new accounts interest-free for periods of up to two years.

The article discusses ratings firm Moody's Investor Service's June 21, 2012 downgrade of 15 global banks. Moody's senior vice president Peter Nerby defended the move against criticism from some affected banks such as Citigroup Inc. and Morgan Stanley, which asserted they were in better financial health than reflected by the downgrade.

The article considers stockholders' votes rejecting executive compensation plans at U.S. banking industry firms. Votes rejecting proposed compensation for chief executive officers (CEO) Vikram Pandit of Citigroup Inc. and Paul Greig of FirstMerit Corp. are examined. The difference in size between Citigroup, a major international bank and FirstMerit, a regional bank in Ohio, is noted.

The article discusses reaction to the U.S. Federal Reserve's (Fed's) rejection of a capital plan submitted by banking company Citigroup Inc. Citigroup chief executive Vikram Pandit was reportedly surprised by the Fed's action, while some shareholders were disappointed that Citigroup had proposed a plan that was apparently too aggressive. Pandit said he would work with the Fed to come up with a plan for returning capital to shareholders.

The article reports that several large U.S. banks including J. P. Morgan Chase & Co., U.S. Bancorp, and Citigroup Inc. have decided not to charge customers for using their debit cards. Banking company Bank of America was targeted by much criticism for its decision to assess a monthly $5 fee on debit-card users.

The article discusses preparations for Hurricane Irene by New York City's financial industry. In advance of the storm banking company J. P. Morgan Chase & Co. extended hours at its bank branches, while rival Citigroup Inc. indicated some of its employees may work from alternative sites on the Monday following the storm.

The article discusses the increasing number of credit-card offers from U.S. banks including Citigroup Inc. and Capital One Financial Corp. During the first quarter of 2011 banks mailed 1.4 billion solicitations for new credit cards to consumers. People with strong credit scores have received offers for cards with relatively low rates of interest and up to 100,000 frequent-flier miles

The article reports that Internet-search company Google Inc. is working on a project with credit-card company MasterCard Inc. and financial-services firm Citigroup Inc. that would create technology making it possible for consumers with smartphones running Google's Android operating system to pay for purchases by waving their phones in front of detectors at store checkout counters.

This article reports that Citi Holdings, a unit of Citigroup Inc. that is trying to sell the unwanted assets of the company, has been struggling to sell many of the assets and is lagging behind other large bank holding companies. The slow sales are also making it more difficult for Citigroup's chief executive Vikram Pandit to improve the company's bottom line. Investors are concerned and would like to see a sense of urgency on Citigroup's part.

The article reports that Citigroup Inc. has added three persons to its board of directors including Timothy Collins of Ripplewood Holdings LLC, former New York State banking official Diana Taylor, and former Wells Fargo & Co. executive Robert Joos. Critics have previously found Citigroup's board lacking in both independence and experience in finance.

The article focuses on changes in Citigroup Inc.'s senior management team. It states that Citigroup replaced its Chief Financial Officer, Edward Kelly, with its chief accountant, John Gerspach. It mentions that the shuffle in executives is primarily meant to alleviate tensions with U.S. regulators and the U.S. Federal Deposit Insurance Corp., who have had repeated conflicts with Citigroup executives concerning the elimination of unwanted assets and other issues.

The article discusses the results of stress tests administered to the nation's 19 largest banks by the U.S. government. Losses for 2010 under worse-than-expected economic conditions could reach a collective $599 billion. Ten of the banks including Bank of America Corp. and Citigroup Inc. were directed to raise a total of $74.6 billion in new capital.

The article discusses efforts by Citigroup Inc. to improve its financial performance. Citigroup will lay off at least 10,000 employees, and also raise by an average of three percentage points the interest rate it charges to millions of credit-card holders. Since becoming chief executive in 2007, Vikram Pandit has emphasized the need to cut costs at Citigroup.

The article reports that some members of Citigroup Inc.'s board of directors are thinking about removing board chairman Sir Win Bischoff, with Time Warner chairman Richard Parsons a possible replacement. Concerns have emerged that Bischoff's oversight of Citigroup's management team, including chief executive Vikram Pandit, has been lacking.

The article discusses options available to Citigroup Inc. after its bid to purchase most of Wachovia Corp. for nearly $2 billion was surpassed by Wells Fargo & Co.'s $15.4 billion offer to purchase the entire firm. Citigroup could sue Wells Fargo, alleging it broke an exclusivity agreement, or it could increase its bid.

The article discusses how a spate of merger activity has reconfigured the U.S. banking industry. Bank of America Corp., J.P. Morgan Chase & Co., and Citigroup Inc. have all made sizable acquisitions, and collectively represent over 20% of all U.S. bank deposits extant at the start of 2008. Potential consequences for consumers include less choice in banking services and higher fees.

The article discusses developments in a global banking industry marked by turmoil. Fortis NV arranged to receive a $16.37 billion capital infusion from the Netherlands, Belgium, and Luxembourg. Wachovia Corp. is in negotiations to sell itself, with Citigroup Inc. and Wells Fargo & Co. among the suitors.

The article reports that Wachovia Corp. is in merger discussions with several companies including Wells Fargo & Co., Banco Santander SA, and Citigroup Inc. Investors are concerned about Wachovia's substantial portfolio of mortgages, much of it assumed as a result of its 2006 acquisition of Golden West Financial Corp.

The article reports that efforts by General Electric Co. to auction off its credit card operations have met with a disappointing response from potential bidders. J.P. Morgan Chase & Co. has indicated it is not interested. Other firms such as Citigroup Inc., which might normally be expected to bid, likely won't due to problems with rising delinquencies in their own credit card businesses.

The article focuses on $19.1 billion in financial aid which foreign investors, including Mizuho Financial Group Inc. and Korean Investment Corp., gave to Merrill Lynch & Co. and Citigroup Inc. in an effort to help them recover from large financial losses linked to a credit crisis in the U.S. An overview is offered of financial institutions in the U.S. and Europe, including Morgan Stanley and UBS AG, that have encountered financial losses of more than $90 billion and have also sought foreign aid.

The article focuses on the methods, including corporate divestiture, that Vikram Pandit, the chief executive officer of Citigroup Inc. could use to help solve the financial problems that the company has as a result of its departed chief executive Charles Prince. A discussion of the company's loss of its chief operating officer Robert Druskin, and of a company wide review of Citigroup's expenses and structure which is being initiated by Pandit, is presented.

The article focuses on a decision from the board of directors of Citigroup Inc. to name Vikram Pandit as chief executive officer of the company and Sir Win Bischoff as the chairman of the company. A discussion of the methods, including staff cuts and a corporate turnaround, which the pair plan to use to solve financial problems caused by financial losses linked to previous chief executive Charles Prince, is presented.

The article discusses the Master Liquidity Enhancement Conduit (MLEC) devised by Citigroup, Bank of America, and J.P. Morgan to by up troubled assets from structured investment vehicles (SIV). MLEC is expected to begin soliciting support from financial institutions on December 10, 2007. BlackRock has been engaged as MLEC's adviser.

The article focuses on a superfund assembled by Citigroup Inc., Bank of America Corp. and J.P. Morgan Chase & Co. which was developed to help financially struggling structured investment vehicles and help ease a credit crisis in the U.S. The fund had hoped to raise $100 billion but the banks have indicated that they may only need to raise $50 billion because several of the vehicles have solved their own financial problems.

The article focuses on an increase in the number of financial firms in the U.S., including Citigroup Corp. that are, in 2007, searching for and receiving capital from outside sources to help them repair financial damage caused by the subprime mortgage and credit crises which have been seen in the country. A discussion of a $&.5 billion capital infusion which Citigroup received from an investment arm of the Abu Dhabi government to help with its financial losses is presented as an example.

The article focuses on the difficulties Citigroup Inc. is having in trying to replace its former chief executive officer Charles Prince, who steeped down following an announcement from the bank that it was facing as much as $11 billion in losses from the credit crunch. A discussion of the candidates for the position, including Fred Goodwin and Vikram Pandit, and of the search committee, which includes Richard Parsons and Alain Belda, is presented.

The article focuses on financial disasters which were seen in 2007 at Citigroup Inc., and Merrill Lynch & Co. The financial disasters resulted in the loss of several billion dollars for each company and were linked to the firms' involvement with collateralized debt obligations related to subprime mortgages. The disasters resulted in the departures of the firms' chief executives, Stan O'Neal and Charles Prince. The executives' succession is discussed.

The article focuses on the problems Citigroup Inc. Chairman Robert Rubin and interim chief executive officer Win Bischoff will face when attempting to repair damage caused to the bank by $8 billion to $11 billion losses which have been attributed to departed chief executive Charles Prince. The impact the losses have had on the bank's stock is discussed.

The article reports on the resignation of Citigroup Inc.'s chief executive officer Charles Prince, which followed an announcement from the bank that it had lost between $8 billion and $11 billion related to subprime mortgages. A discussion of the bank's decision to make Sir Win Bischoff as interim chief executive and Robert Rubin as chairman is discussed. Difficulties the bank will face as a result of the mortgage related loses, and in finding a replacement for Prince, are discussed.

The article reports on plans by Citigroup Inc. chief executive Charles Prince to resign, as the bank's losses from troubled mortgage assets grow, and the U.S. Securities and Exchange Commission (SEC) begins an accounting probe. The SEC plans to review certain off-balance sheet transactions in structured investment vehicles (SIV).

The article reports on a large decrease which was seen in the prices of many U.S. financial stocks, including those of Citigroup Inc., Bank of America Corp. and JP Morgan Chase & Co., which was seen on November 1, 2007. The decrease was linked to concerns related to problems in the credit market, and rising levels of bad commercial and residential loans.

The article focuses on accounting concerns which have been raised for Citigroup Inc. as a result of its involvement in an $80 billion rescue fund for the U.S. credit market. Citigroup, J.P. Morgan Chase & Co. and Bank of America Corp have created the fund which will use structured investment vehicles (SIVs), and several accounting firms have questioned whether Citigroup and the other banks need to account for the SIVs on their own balance sheets.

The article reports on positive financial growth and performance which has been seen at J.P. Morgan Chase & Co., since the company hired Jamie Dimon as chief executive officer in 2004. A discussion of the strategies which Dimon, the former chief executive of Citigroup Inc. used to achieve the positive performance, is presented

The article focuses on financial problems Citigroup Inc. is encountering in 2007 as a result of a credit crunch which is being seen in the U.S. The company reported a 57% profit drop on October 15, 2007, and following the announcement, the company's stock prices fell 3.4%. Analysts feel that the problems may effect the bank so much that it will not be able to become involved in new business opportunities, which could lead to more financial problems.

The article reports on the task ahead of Vikram Pandit at Citigroup Inc. following his promotion to head of the new Institutional Clients Group as part of a shakeup at the company in response to continuing lackluster performance. Pandit is now regarded as a candidate to replace Citi chief executive Charles Prince, should the reorganization not produce results.

The article reports on a 2007 third quarter earnings reports from Citigroup Inc. and its chief executive officer Charles Prince which revealed that the company's earnings would fall 60% from the same quarter in 2006. A discussion of demands for Prince's resignation which stemmed from the report and of support which Prince received from the bank's largest individual shareholder, Saudi Prince Alwaleed bin Talal, is presented.

The article reports on a record high which was seen at the Dow Jones Industrial Average on October 1, 2007, despite reports from Citigroup Inc. and UBS AG which indicated that the two banks had received millions of dollars of losses as a result of their involvement with mortgage linked securities and would have to initiate write downs as a result.

The article reports on positive financial performance which has been seen at some of the largest banks in the U.S., including Citigroup Inc. and J.P. Morgan Chase & Co., as a result of their having large collections of businesses, which, in 2007, have shielded them from volatility in the U.S. financial market and problems in the credit market.

The article focuses on a pilot program which was implemented by Citigroup Inc. in Boston, Massachusetts, and the impact it may have on the company's revenue. A discussion of the impact that the program, which uses the bank's retail branches to attract customers who can use the bank's services, including corporate cash management programs, will have on coordination between bankers, is presented.

The article reports on the potential impact a restructuring program at Citgroup Inc. could have on the price and success of the company's stock shares. The plan, which is expected to be announced on April 11, 2007 by the company's CEO and chairman Charles Prince, will include the elimination of 15,000 jobs and a reduction in corporate spending.

The article focuses on various credit card reward initiatives given by financial service providers such as American Express Co. and Citigroup Inc. J. P. Morgan Chase & Co. is issuing a new card which allows users to choose their rewards system, selecting either cash back or a points system. The financing of the programs is discussed, as well as their history.

The article reports that Citigroup is planning to return its attention to establishing a presence in New Jersey in hopes of attracting New York City commuter customers. The company wants its Citibank retail force to match its position as the largest bank in the United States by market value and assets. Citibank will have to compete in a New Jersey market already flooded with retail banking branches.

The article discusses how the United States' three largest banks are focusing on growing existing customer relationships rather than on mergers and acquisitions of smaller banks. The article also discusses how banks are facing concerns about rising interest rates, which have been adversely affecting their profits. The article focuses on Bank of America, Citicorp, and J.P. Morgan Chase.