Citigroup (C) shares lost ground Tuesday after ... It said that was driven primarily by higher credit card losses, and a rise in the allowance for credit losses, which rose to $22.1 billion ...

Citigroup Inc. said its cost of credit was about $2.7 billion in the third quarter, up from $1.8 billion in the year-earlier period, driven by higher cards net credit losses and a higher allowance ...

For Citigroup, this trend came in the form of a $2.7 billion credit loss, which management directly quotes as being accredited to credit losses in their card business. This is not a Citigroup ...

Citigroup Inc. said its consumer banking ... mostly due to higher net credit losses, as multiple card loan vintages originated in the last few years are now maturing.

As a global financial-services powerhouse, Citigroup operates across more than 100 countries, offering a broad spectrum of ...

NEW YORK (Reuters) - Bridgewater Associates added shares of big banks to its portfolio in the third quarter, securities ...

Citigroup announced a partnership with Bank of Shanghai to launch a seamless payment solution for international travelers in ...

(Reuters) -Citigroup posted a smaller-than-expected ... buoyed by 8% growth in credit card revenue to $2.7 billion. Meanwhile, retail banking revenues fell 8%, and in the retail services arm ...

Citigroup, Bank of America and Wells Fargo advanced in overnight trading on brokerage Robinhood. The move comes as investors ...

While a rise in souring credit-card loans weighed on profits during the period, Citigroup’s four other main businesses — services, banking, wealth and US personal banking — also saw revenue ...

Credit quality remains a focus, particularly as Citigroup grows its card business and navigates potential economic headwinds. The bank's global network presents significant opportunities for cross ...

(Reuters) -Citigroup posted a smaller-than-expected drop in profit ... In the U.S. retail banking division, revenue climbed 3% to $5 billion, buoyed by 8% growth in credit card revenue to $2.7 billion ...