Banks earned $1 trillion windfall during Fed’s high-rate period
Lenders reportedly benefited from higher yields on deposits held at the Fed while paying relatively low rates to many savers.
Citigroup
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Lawsuit claims Xactus, Equifax, others violated Fair Credit Reporting Act
A suit naming Xactus, Equifax, Citibank and Wells Fargo as defendants was filed in San Bernardino County Superior Court in late May.
BofA, Citi warn of slower growth ahead as mortgage business softens
Bank of America and Citi reported lower mortgage production between Q4 2024 and Q1 2025 — and conditions ahead could remain challenging.
Citi invests in mortgage platform Pylon
Mortgage infrastructure provider Pylon received a minority investment from Citi, and will sell mortgages on its platform through the bank’s mortgage trading desk.