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Financial Stocks: Financial shares down but Citigroup posts modest gain (Market Watch)
Shares of Citigroup buck an overall downtrend in the financial sector, managing a modest gain after a report that it plans to cut 10,000 jobs and boost interest rates on some credit cards.
Heads Up: Unemployment checks to be replaced with debit cards (The Kansas City Star)
Beginning next week, Kansas will no longer mail out unemployment checks. They'll be replaced by Citi debit cards, which will be reloaded each week as long as recipients are eligible to collect benefits. Recipients can withdraw funds at any Visa ATM or draw on the account at any retail location that accepts Visa.
Citigroup raising rates for some cardholders (Connecticut Post)
NEW YORK -- Citigroup Inc. said Friday it is raising rates for some of its U.S. credit card customers after losses in its global card division skyrocketed.
Citigroup raising rates on credit cards (The Argus Leader)
Citigroup said Friday it is raising rates for some of its U.S. credit card customers after losses in its global card division skyrocketed. A spokesman declined to say how many cardholders would be affected by the changes or if interest rates would be cut on some accounts. Citigroup had 182.7 million open card accounts during the third quarter. The move comes as the financial services giant looks ...
Business Buzz (London Free Press)
It's a bargain for fashion lovers, and a fundraiser for Junior Achievement. Optionelle, the London women's designer fashion retailer, is selling off some of their styles at up to 70 per cent off, with 10 per cent of sales going to Junior Achievement.
Citi raising rates (The Post-Standard)
New York Citigroup Inc. said Friday it is raising rates for some of its U.S. credit card customers after losses in its global card division skyrocketed.
Citi to Lay Off 10,000+, Raise Some Card Rates: WSJ (Fox News)
Citi is reportedly planning on reducing its workforce and cut budgets.
US Fincl Shares Down; Citigroup Remains At Less Than $10 (INO News)
Shares of Citigroup Inc. (C) joined others in the financial sector in trading lower Friday morning after a report that it plans to cut 10,000 jobs and boost interest rates on some credit cards in an attempt to cut costs and improve returns.
Report: Rates on most types of credit cards rise (AP via Yahoo! Finance)
Average interest rates on most types of credit cards rose slightly this week, according to a report from CreditCards.com.
CENTRAL NY BUSINESS NEWS (The Post-Standard)
• How to stay safe banking online Q. I hear so much about hackers attacking Web sites and stealing people's personal information. Is it safe to bank online?