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Tuesday March 26, 2019


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Stories related to ‘Citigroup’

Fewer #Citigroup #DataCenters Result in Savings and Efficiency

Fewer #Citigroup #DataCenters Result in Savings and Efficiency

Five years ago, Citigroup had 70 data centers. But after the global bank underwent a massive consolidation and reduced its global operations footprint, it only has 20. Jagdish Rao, head of Citigroup’s enterprise operations and technology, told Wired that they cut a number of data centers that were [Full Story…]

Thinkful Seeking Ex-Citi Employees

Thinkful Seeking Ex-Citi Employees

Thinkful saw an opportunity when Citigroup announced a layoff of 11,000. The NY-based online school is offering free classes to the  former employees. According to TechCrunch, the special 12-week part-time course offers students the chance to brush up on computer languages, learn to build websites [Full Story…]

Citigroup/Morgan Stanley Tech Upgrade Stalls

Citigroup/Morgan Stanley Tech Upgrade Stalls

In January 2009, Citigroup and Morgan Stanley announced the combination of their brokerage units.  Customers, who were told that a soon-to-be-released major technology upgrade would make investment performance tracking easier, are still waiting.  James Dunaway, a retiree and customer of Smith Barney [Full Story…]

IBM’s Watson Heads to Wall St. with Citigroup

IBM's Watson Heads to Wall St. with Citigroup

Watson, IBM’s most famous computer, is working on Wall Street. Citigroup and Armonk,NY-based IBM are investigating how Watson’s processing power can improve customer banking, assess risk and find favorable lending opportunities. Watson could also potentially help customers with personal finance [Full Story…]

Flawed iPad App Causes Some Citi Customers to Pay Twice

Flawed iPad App Causes Some Citi Customers to Pay Twice

Citibank acknowledged that customers using iPad bill payment apps were charged twice. Dealbook reports that the problems started in July but weren’t detected until December. Citi said they traced the problem to an iPad application. Other mobile apps and the bank’s online bill payment systems [Full Story…]

Citibank Launches Facebook App for Points Transferring

Citibank Launches Facebook App for Points Transferring

NY-based Citibank launched an application this week on Facebook that allows users to transfer their rewards points to one another. The app is called ThankYou Point Sharing and users can use it for charity, a group gift or a personal goal. The recipients of the points must be an individual and not an [Full Story…]

NYers Concerned About Increase in Hacking

NYers Concerned About Increase in Hacking

Recently, many major companies, organizations, and NYers (including Sony and Citigroup) have been victims of hacking, causing people to fear for the safety of their online information.  These attacks, many which are done by hacking groups like Anonymous and the recently disbanded LulzSec, function [Full Story…]

Citigroup Releases Additional Details On Cyber Attack

Citigroup Releases Additional Details On Cyber Attack

After a week of being pressured for its delayed disclosure of the cyber attack that allegedly affected around 200,000 users, Citigroup has stated that the number is closer to 360,000. According to Reuters, the breach was initially detected on May 1oth, but was not disclosed until June 8th. The [Full Story…]

Citigroup to Credit Card Customers: “Data Was Hacked”

Citigroup to Credit Card Customers: "Data Was Hacked"

Citigroup acknowledged today that unidentified hackers had gained access to the data of "hundreds of thousands of its credit card customer in North America". The New York Times reports that, according to the bank, only about one percent of its North American credit card holders had been [Full Story…]

Bundle.com Draws Recommendations From Credit Card Transactions

Bundle.com Draws Recommendations From Credit Card Transactions

Bundle.com, a New York-based startup that spun off from Citigroup, is set to launch a new service that can offer consumers recommendations based on the analysis of billions of credit card transactions. The new service, according to Bundle.com CEO and Founder Jaidev Shergill, would offer superior [Full Story…]

NY Private Equity Firm Court Square Buys Fibertech

NY Private Equity Firm Court Square Buys Fibertech

The New York based investment firm, Court Square Capital Partners, formerly part of Citigroup, is buying Rochester-based Fibertech Networks LLC from Nautic Partners and Ridgemont Equity, which was formerly part of Bank of America, in a deal valued at $500 million. Fibertech leases fiber optic [Full Story…]

Goldman Sachs Employees Restricted from Using Electronic Profanity

Goldman Sachs Employees Restricted from Using Electronic Profanity

New York's Goldman Sachs has told its employees that using profanity in electronic messages is no longer tolerated, which applies to all of its 34,000 traders, investment bankers and other employees. According to an article on in The Wall Street Journal, there is no written report spelling out [Full Story…]

Citigroup Warns Customers of Flaw in iPhone App

Citigroup Warns Customers of Flaw in iPhone App

New York based banking giant Citigroup is telling its customers that its iPhone app has a security flaw, advising the app users to upgrade to a new version. The bank found that the app was accidentally saving users key banking info, including account numbers, billing/security codes and such. The app [Full Story…]

High Frequency Trading Systems Have SEC Worried

High Frequency Trading Systems Have SEC Worried

Computerized stock trading by systems like  Citigroup's Dagger, a super fast computer program that trades based on pre-programmed algorithms, now trigger 70% of trades in U.S. equities and have the Securities and Exchange Commission worried, an article in The Atlantic says. Most worrying [Full Story…]

Will New Yorkers Avoid The IPad Because of AT&T?

Will New Yorkers Avoid The IPad Because of AT&T?

Forbes' Justin Freedland notes that AT&T's "notoriously bad" network here, routinely "trumped" by competitor Verizon Wireless, could lessen New Yorker's interest in purchasing the device.It was only a few weeks ago that AT&T's head of operations, John [Full Story…]