Citigroup Pty (12 items)

Citigroup Pty Ltd, the principal operating entity of the American banking giant in Australia, has reported a slide in full year profit after almost no loan growth and a spike in operating costs. read more

‘Buy now pay later’ company Afterpay Touch has signed a US$300 million receivables funding facility with Citigroup, which will be used to support the company’s expansion into the United States market. read more

Citigroup will refund over A$3 million to 114 retail customers for losses arising out of structured product investments it offered. read more

RENEW EARLY TO BANKING DAY. Minimum sub $3000. read more

APRA, the chief banking regulator in Australia, is being guided to a period of introspection over its approach to prudential supervision of the banking industry. read more

Six senior bankers, including the former chief executives of Citigroup and Deutsche Bank in Australia, have been charged with criminal offences following a two-year investigation of ANZ's controversial capital raising in 2015. read more

Westpac Banking Corp will enable Samsung Pay from today. read more

A rebound in the level of business lending may extend into the new year, in light of warm measures on recent and projected demand from the ABS and Veda yesterday. The ABS said the value of commercial finance commitments increased 14.8 per cent over the month of November, to A$48.5 billion. read more

"I don’t trust the banks" is a statement with which 61 per cent of people agreed in a piece of advocacy polling that finds much less support for another Royal Commission into banking. read more

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National Australia Bank's joint venture with Nippon Life, which will see the Japanese company acquire 80 per cent of NAB's life business, is a sign of things to some in the wealth management businesses of the major banks, a leading banking analyst forecasts. read more