citi

Therefore, open two Citi AA cards and you can redeem for a free(ish) business class ticket to Tokyo.

The PR push seems mainly to be coming from Citi primarily (although other banks may be involved).

Really basic example: Citi routinely has 50k mile bonuses for their American Airlines cards.

My bank still does this, and someone else said Citi does too.

The lies you mention are not actually information asymmetries between the buyer and seller of Citi shares, so the comparison isn't really very apt.

But take $150 million as an upper bound, and Citi paid about an order of magnitude more in fines than it made in manipulative profits.

Anyone know what citi and akamai is using this for?

I have 5 no-fee Citi Hilton cards just sitting in my file cabinet.

I commute using New York's bike share program Citi Bike.

So we have one case of Citi making $99,000.

Figure 250 trading days a year and you get $150 million of profits for Citi if every single day was as "impressive" and "lovely" as the day singled out by the FCA as, one assumes, a particularly egregious example of manipulation.

Regarding the danger that Citibank got into, and the near extinction it faced during the financial crisis of 2008, Robert Rubin (who had been director and senior counselor of Citi, during the bubble years) said: "It is not easy to know how much risk is building up on the trading floor." Here you have one of the top people of the company claiming he had no idea what condition the corporation was in.

*Guess he forgot the fact we bailed out Citi and AIG, I guess he forgot the fact we are on the hook for that, not the firms who had the so called," these risk-management systems were totally inadequate in the face of the market tsunami".

The reason they were able to negotiate such low fees is that Citi/Visa wanted access to this customer base.

Goldman, JP Morgan and Citi, as mentioned in the article) but bad for small traders.

But if the business plan is proposed by someone like Citi, who's big enough to actually influence legislation, it's a little scary...