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

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 ...

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. Meanwhile, retail banking revenues fell 8%, and in the retail ...

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 ...

Citigroup upgraded shares of Banco Bilbao Vizcaya Argentaria ... such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance ...

(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 ...