• Citigroup's consumer bank is trying to jumpstart revenues, and it thinks its 28 million US credit-card customers are a golden opportunity

    6 monthes ago - By Business Insider

    Citigroup is on a mission to jumpstart revenues in its Global Consumer Bank.
    Mining its 28 million US branded credit-card holders for more banking opportunities could generate significant revenues for Citi, incoming CFO Mark Mason said at a financial conference Tuesday.
    Citigroup is trying to jumpstart revenues in its retail-banking business, and it thinks the company's 28 million US credit-card customers represent a golden opportunity.
    Analysts and investors have been clamoring for more organic revenue growth from the global banking giant - which also has activist ValueAct Capital quietly...
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  • Goldman Sachs and Citi Make $20 Million Venture Bet That Private Equity Wants Consumers' Credit Card Info

    Goldman Sachs and Citi Make $20 Million Venture Bet That Private Equity Wants Consumers' Credit Card Info

    6 monthes ago - By Fortune

    In a time when the internet seems to have information on just about everything, getting data earlier than most can be the edge needed for a winning investment.
    That's what companies such as Goldman Sachs , and Citi Ventures are betting on with Second Measure, a startup that pulls together consumers credit card transactions, analyzes the trends, and sends it out with a roughly two week delay-an advantage to quarterly financial statements that come out every three months.
    On Tuesday, Second Measure announced $20 million in Series A funding led by Bessemer Venture Partners and Goldman Sachs...
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