Is Citigroup Making Money?
The good news for investors is that Citi is very good at credit cards and customer service. The company will refund some money to 1.75 million customers that did not receive a planned interest rate reduction.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The good news for investors is that Citi is very good at credit cards and customer service. The company will refund some money to 1.75 million customers that did not receive a planned interest rate reduction.
Read MoreAn intriguing possibility might be for Citibank to offer an Apple Pay, Venmo, Tez, Alipay, Walmart Pay, Facebook, PayPal, or Android Pay credit card. Since PayPal is experimenting with a Venmo Visa that makes a lot of sense. Such a card would allow a customer to pay with either their digital wallet balance or with a Visa or MasterCard line of credit. The customer would also get the ability to access his or her line of credit via the payment app.
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