Numerated Lands Strategic Investment from Citi
Prominent Boston fintech firm Numerated has recieved a strategic investment from Citi to enhance its offering of AI-driven financial analysis for commercial lending.
Inflation Has Slowed. Now the Fed Faces Expectations for Rate Cuts
An unexpectedly rosy economic picture may have left some Fed officials saddled by uncertainty. Yet they are expected to wait for at least a few months before they start reducing rates.
Fidelity to Spin Off Important Financial Data Network Akoya
The parent company of Fidelity Investments had announced the spin-off of Akoya as an independent company that will be jointly owned by Fidelity, The Clearing House Payments Co. and 11 of its member banks.
US Gun Lobby Takes Aim at ‘Gun-Hating’ Banks Citi, BofA
The U.S. gun lobby is taking aim at “gun-hating” banks after Citigroup Inc. and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.
Citigroup Profit Beats on Strength in Consumer Banking, Equity Trading
Citigroup Inc. reported a higher-than-expected quarterly profit on Friday, driven by strength in its consumer banking business and a surge in equities trading.
Citi Sets Restrictions in Gun Sales by Retail Clients
Citigroup Inc. added restrictions on firearms sales for new retail-sector clients, the Wall Street bank said on Thursday, the strongest move to date by a major U.S. lender following last month’s high school shooting in Florida.
MIT Brings Together Fintech, Financial Services For First-Ever Hackathon
In perhaps another sign that the conversation around fintech is shifting, MIT recently brought fintech together with traditional financial services companies in its first-ever fintech hackathon.
GE, CITI Investments Shift Perceptions About Offshore Wind, Rep Says
The nation’s first offshore wind farm, which plans to launch commercial operations in November, has received investments from GE Energy Financial Services and the global bank Citi, the companies announced Tuesday.
Webster Snags Three More Former Citi Branches
Webster Financial Corp. will take over three more...
Can Citi Keep Market Share Without Local Lenders?
When Citi admitted it was pulling its retail operations out of the Massachusetts market early next year, it was careful to say it wasn’t abandoning mortgage lending in the Bay State.
But will having no personal touch with customers hurt the bank’s chances of fending off competing lenders?
Citi Dials Down Risky Block Trading Amid Market Turmoil
Over the summer, as the U.S. stock market wobbled and...
Citigroup To Pull Out Of Boston In 2016
Citigroup will pull its retail banking operations out...
