Tag: Citigroup Inc

Google Makes a Bid for Banking, Where Tech Firms Go to Stumble

Google already has a valuable stash of your digital data. Now it wants your cash, too. The search giant is teaming up with two banks, Citigroup and the Stanford Federal Credit Union, to begin offering a “smart checking” account next year. What fancy new features will “smart checking” include? Google isn’t sure. Neither are its […]

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Big Banks Were the Loudest Optimists. They’re Getting Quieter.

The heads of America’s largest banks have been some of the country’s most prominent optimists over the past two years, shooing away questions about the potential effects of President Trump’s trade policies, cheering his tax cuts and offering periodic reassurances that things would all work out for the American economy. But manufacturing activity and job […]

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Those Foreign Business Ties? The Trump Sons Have Plenty Too

Last month, the Trump family business received approval from a local government in Scotland for a major expansion of its golf resort near Aberdeen, marking the largest real estate development financed by the Trump Organization since the 2016 election. In August, President Trump’s eldest son, Donald Jr., flew to Jakarta to help kick-start sales at […]

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Banks Want Efficiency. Critics Warn of Backsliding.

WASHINGTON — A decade after big banks needed government support to dig out of the financial crisis, the Federal Reserve is slowly, but steadily, making a series of regulatory changes that could chip away at new requirements put in place to prevent a repeat of the 2008 meltdown. Some of the changes, seemingly incremental and […]

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