citibank

Why Smartphone Banking Is Safer Than Using Your PC

It's easy to feel like accessing your bank accounts via a smartphone must be risky. It could be stolen! Or hacked! But IT security experts say mobile banking is actually more secure than online banking from your computer.

'Jeopardy!' Champ Watson Lands a Job on Wall Street

Impressed by the speed and accuracy with which Watson churned out answers (or rather, "questions") in its winning performance in the Jeopardy! Challenge last year? Citigroup was, too -- so much so that it has hired the supercomputer to assist its human financial professionals.

Which Credit Card Rewards Does the IRS Care About?

Citibank recently sent recipients of a special frequent flier mile promotion an unwelcome surprise: a 1099 tax form indicating those miles are taxable income. Wondering if your other credit card rewards might be taxable too? Well, stop worrying.

Citibank Turns Rewards Into 'Social Currency'

Credit card rewards are the new social currency. Citibank customers can now use Facebook to pool their rewards points online. The bank on Tuesday launched a Facebook application that lets users team up to use their points, whether it's for charity, a group gift or a personal goal. Citi says it's the first bank to offer such a feature.

Resentment Builds Ahead of Bank Transfer Day

On Saturday, tens of thousands will march, protest and move their money out of big banks. But plenty of Americans haven't waited for Bank Transfer Day. For Frank Sheldon of Seattle, his journey to a credit union started in 2008 when his old bank was absorbed by J.P. Morgan Chase.

Banks Back Away from New Fees, Eye Cost Cuts

The financial world's fee fever may have abated -- for now. Several big and medium-sized banks say they're not implementing fees for debit card use anytime soon. But with bank revenues slipping, they do need to act, and more are considering cost cuts to repair their bottom lines.

Big Banks Boost Fees Again: What Will You Do About It?

Bank of America's announcement this week that it would start charging a monthly $5 fee for using a debit card to make purchases is the latest in banking industry upcharges. As fee-free options for banking dwindle, the bottom line is that consumers are paying more to use their own money.

Why Oscar de la Renta Is America's Priciest Store

Shoppers at New York's Oscar de la Renta spend more per visit than at any other retail site in the country -- more than $3,000, according to consumer finance website Bundle's "most expensive stores" list. But what pushed that Madison Avenue store above and beyond its high-fashion rivals?

Citi's No-Penalty, No-Fee Card: What's the Catch?

Citigroup announced Monday its new no-fee, no-penalty Simplicity credit card, designed for the very creditworthy person who might once in a while forget to make a payment on time. No gotchas in your credit card bill sounds like a great idea, right? Well ... maybe.

Why a New York Judge Is Throwing Out Foreclosure Cases

On Oct. 20, New York courts ordered attorneys for foreclosing banks to swear they'd personally confirmed that their documents are true and accurate. But a Brooklyn judge has taken things a step further. Since the banks aren't complying, he has started throwing out foreclosure cases.

Six Reasons Why Goldman Is Wrong on a Banking Recovery

On Thursday night, venture capitalist and DailyFinance columnist Peter Cohan went on CNBC's "The Kudlow Report" to debate whether the banking industry is at the start of a period of recovery, as Goldman Sachs claimed this week. Here's why he argued that Goldman was dead wrong.

Robo-Signing: California Dems Call for Federal Probe

The state's entire House Democratic delegation has asked the Justice Department, the Fed and Controller of the Currency to investigate the widespread -- and growing -- problem of banks presenting faulty documents in foreclosure cases.