Citigroup CEO Outlook on US Economy: “I’m Excited About The Future”

Count Citigroup’s Michael Corbat as one CEO who doesn’t believe that recession is coming any time soon. “Near term, I don’t see the recession,” he says. “My biggest fear is that we’re in the process of talking ourselves into the next recession as opposed to the next recession really coming at us.” Corbat in a […]

This Week’s Big Bank Earnings Give Clues About the Economy

Sometimes a cigar is just a cigar, according to Freud. But bank earnings announcements are always about more than their stocks alone. That’s why Wall Street anxiously watched Citigroup’s earnings report Monday morning. Even though profits and revenue beat estimates, shares were down about 0.4% as of midday. Bank stocks are considered bellweathers, and parsing […]

Here’s How You Can Soon Use Citi ‘Thank You’ Points at the Register

Citibank credit card holders will soon be able to instantly pay for purchases with their rewards points, thanks to a new feature announced by Citi and Mastercard today. The Pay With Points program, which launches next month, allows Citi cardholders to redeem their “ThankYou” bonus points at the point of sale with the tap of […]

Citi CEO: In an Age of Fintech Disruption, Don’t Sleep on the Bank Branch

To thrive in the digital age, big banks need a two-pronged approach that spans the traditional and the new: a broad physical branch network that caters to Baby Boomers and a robust online (and mobile) presence for Generation X and Millennials. Sure, financial technology–or “fintech”–disrupters will pick their spots and target specific channels such as […]

In Silicon Valley, It (Still) Ain’t Easy Being Green

This article first appeared in Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. Tuesday’s New York Times featured a dire assessment of Silicon Valley’s reluctance to fund startups fighting climate change. The report lauds the efforts of investors like Nest co-founder Matt […]

Data Sheet—In Silicon Valley, It (Still) Ain’t Easy Being Green

Tuesday’s New York Times featured a dire assessment of Silicon Valley’s reluctance to fund startups fighting climate change. The report lauds the efforts of investors like Nest co-founder Matt Rogers, who has socked millions into ventures seeking to remove carbon dioxide from the atmosphere–even as it laments the dearth of Valley high-rollers willing to do […]

Citigroup is Starting a Payments Unit

Citigroup is launching a new payments unit that will offer merchants consumer payment options such as credit cards, digital wallets, and direct bank account transfers. Citigroup is reportedly partnering with payments firms including Mastercard for the new offering. Mastercard will provide some of the back-end connections and processing for merchants, The Wall Street Journal reports. […]