Citi

$38,400,000,000-in-deposit-flight-hits-wells-fargo-and-citigroup-in-one-year-as-jpmorgan-chase-ceo-issues-warning-to-federal-reserve
Posted by | April 20, 2024
$38,400,000,000 in Deposit Flight Hits Wells Fargo and Citigroup in One Year As JPMorgan Chase CEO Issues Warning To Federal Reserve

New numbers show two of the largest banks in the US are witnessing billions of dollars in deposit flight. Quarterly earnings data shows Citigroup’s deposits dropped from $1.3305 trillion in...

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Posted by | January 4, 2024
Citi Alumni-Founded Startup to Offer Bitcoin Securities That Don’t Need Green Light From SEC

A group of former Citigroup executives plans to offer bitcoin-backed securities they say don't need to be approved by the U.S. Securities and Exchange Commission (SEC). Receipts Depositary Corp. (RDC)...

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major-us-bank-will-hand-out-$1,400,000-for-treating-group-of-americans-as-criminals,-giving-‘fake-reasons’-to-deny-services:-cfpb
Posted by | November 18, 2023
Major US Bank Will Hand Out $1,400,000 for Treating Group of Americans As Criminals, Giving ‘Fake Reasons’ To Deny Services: CFPB

The Consumer Financial Protection Bureau (CFPB) says it’s ordering financial giant Citibank to shell out over a million dollars to potential customers who were treated like criminals. In a press...

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$84,500,000,000-exits-jpmorgan-chase,-wells-fargo-and-citigroup-in-three-months-as-depositors-take-flight
Posted by | October 20, 2023
$84,500,000,000 Exits JPMorgan Chase, Wells Fargo and Citigroup in Three Months As Depositors Take Flight

Three of America’s biggest banks just watched $84.5 billion worth of deposits disappear in a single quarter. JPMorgan Chase, Wells Fargo and Citi all recorded an outflow of deposits in...

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$260,000,000,000-in-deposits-exits-jpmorgan,-bank-of-america,-wells-fargo-and-citi-in-one-year:-s&p-global
Posted by | October 6, 2023
$260,000,000,000 in Deposits Exits JPMorgan, Bank of America, Wells Fargo and Citi in One Year: S&P Global

Hundreds of billions of dollars in deposits has left America’s four biggest banks in the past year, according to new data from S&P Global. In a new market report, S&P...

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banking-giants-abuzz-about-tokenization-of-real-world-assets-as-defi-craves-collateral
Posted by | September 28, 2023
Banking Giants Abuzz About Tokenization of Real-World Assets as DeFi Craves Collateral

Rather than an open network like Ethereum, Citi and JPMorgan use a private version of the blockchain.Franklin Templeton says private blockchains will fade next to fast-innovating public utility chains.Eventually, the...

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crypto-biz:-bidding-war-for-svb-capital,-new-crypto-funds-and-citi’s-private-blockchain
Posted by | September 22, 2023
Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain

The venture capital industry appears to be gearing up for portfolio rebalancing in 2024, with investors positioning themselves to increase exposure to digital assets in the next bull market. Blockchain...

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citi-token-services-will-provide-payments,-liquidity-to-institutional-customers
Posted by | September 18, 2023
Citi Token Services will provide payments, liquidity to institutional customers

The new blockchain-based service will use tokenized deposits for trading and liquidity services after two pilots. 412 Total views 3 Total shares Citigroup has introduced Citi Token Services, a private,...

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coinbase-stock-will-be-‘weighed-down’-until-us-rules-are-clear:-citi
Posted by | May 2, 2023
Coinbase stock will be ‘weighed down’ until US rules are clear: Citi

The investment bank has downgraded Coinbase stock to “neutral" amid the exchange’s ongoing battle with United States regulators. 5242 Total views 4 Total shares Own this piece of history Collect...

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citigroup-predicts-80x-explosion-in-tokenization,-forecasts-timeline-for-mass-adoption-of-digital-assets
Posted by | April 3, 2023
Citigroup Predicts 80X Explosion in Tokenization, Forecasts Timeline for Mass Adoption of Digital Assets

US banking giant Citigroup believes that blockchain and crypto assets are likely destined for mass adoption and hyper growth. In a new report titled “Money, Tokens, and Games: Blockchain’s Next...

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