Citibank takes financial services online.
Published:
18 August 1999 y., Wednesday
Citibank launched its Citi f/i Web site this morning, becoming the latest company to offer a one-stop shop for financial services. Citi f/i offers checking and savings accounts, stock trading, online bill payment, stock quotes, and financial news. Citibank_s entry into the online financial services world comes as traditional banking and investment players move into each other_s turf on- and offline. In June, BankOne launched its Wingspanbank.com financial service and last week, Wells Fargo announced that it would be expanding the services offered by its online bank. Meanwhile, American Express debuted its own online bank last month, and E*Trade Group jumped into online banking in June with its acquisition of Telebank. Citibank already has an online banking site for current customers. However, unlike other national banks such as Wells Fargo or Bank of America, Citibank does not have an extensive branch network. Analysts expect Citibank to use Citi f/i in place of a branch network to help it establish a national presence and draw in new customers. Noticeably absent among Citi f/i_s current products are mortgages and credit cards. The site directs customers interested in those products to call one of several 1-800 numbers. Citibank spokesman Mark Rodgers indicated on Friday that the company plans to expand the Citi f/i site far beyond its initial offerings.
Šaltinis:
CNET
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The EBRD is making a €4 million equity investment in Geofoto, a Croatian geodetic company offering mapping, geodetic survey, photogrammetry, geoinformatics and aerial survey services, to support its drive to expand operations on international level.
more »
Nordea came out of 2009 in an even stronger position, despite one of the most challenging years for decades. Risk-adjusted profit increased 22% and our capital position and cost of funding are among the best in Europe.
more »
MEPs gave the green light on Thursday for EU funding to help Europe's unemployed start up small businesses.
more »
MEPs are deeply concerned about the long-standing and growing presence of al-Qaeda, and the deteriorating security, social and economic problems in Yemen, which they think could destabilise neighbouring countries.
more »
At the start of a new decade, Sub Saharan Africa is reeling from the effects of three major global crises – food, fuel and financial – that have reversed many of the economic achievements of the last 10 years and left some growth projections at levels below those of 30 years ago.
more »
The 5th High-level Seminar of Central Banks in the East Asia-Pacific Region and the Euro Area was jointly organised by the European Central Bank and the Reserve Bank of Australia, in cooperation with the Hong Kong Monetary Authority.
more »
The EBRD and European Fund for Southeast Europe are boosting the availability of financing to private businesses in Moldova with a $10 million loan to ProCredit Bank in Moldova for on-lending to micro and small enterprises.
more »
The EBRD is supporting the development of the retail infrastructure in Croatia with a €68 million loan to finance the construction of a modern shopping centre in Split, the second largest city in Croatia.
more »
The European Bank for Reconstruction and Development has agreed to sell its 15 percent stake in OAO Swedbank Russia to its parent and major stakeholder, Sweden’s Swedbank AB, a move which would give it full ownership of its Russian subsidiary.
more »
The Ministers of Industry took the first steps in San Sebastián today to make the electric vehicle a reality in Europe and agreed that European institutions, with the EC at the head, should lead a common strategy on electric vehicles.
more »