Consumer banking

Citigroup Renews Credit Card Deal with Citgo

By Jackie Stewart March 15, 2012, 2:01 p.m. EDT 1 Min Read

Consumer banking

Citi Needs a New Plan B

Citigroup Inc.'s revenue fell in the third quarter, and the bank is struggling to make money from its U.S. operations as investment banking slumps.

By Maria Aspan

October 17
Consumer banking

Citi Signs Private-Label Deal with Ford

Citigroup Inc., having recommitted to the retailer credit card business it tried in vain to sell, has signed a new deal with Ford Motor Co.

By Jackie Stewart

December 15

Citigroup Inc. has renewed a long-term deal to continue issuing private-label credit cards for Citgo Petroleum Corp., the bank said Thursday.

Citigroup has issued payment products for the Houston gasoline company since 1995.

The third-largest U.S. bank by assets has signed or renewed a number of private-label card contracts in recent months, including contracts with Sunoco Inc., Sears Holdings Corp. and Ford Motor Co. The bank recommitted to its retailer credit card business last fall, after trying unsuccessfully to sell the unit.

The New York bank also renamed the unit as Citi Retail Services in December.

Executive Editor, American Banker Magazine

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