U.S. prosecutors announced fraud and other charges Wednesday against eight alleged members of an international cybercrime ring that the government said hacked into the computers of more than a dozen leading financial institutions ...
Internet
Jun 12, 2013
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Internet mogul Kim Dotcom said Thursday he was considering taking legal action against tech giants such as Twitter, Google and Facebook for infringing copyright on a security measure he invented.
Internet
May 23, 2013
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India's biggest IT outsourcer, Tata Consultancy Services, said on Monday that net profit beat forecasts to rise 23 percent in the third quarter despite economic woes in its main markets.
Business
Jan 14, 2013
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A new study shows computer network security analysts are not prepared for drawn out cyber attacks.
Internet
Nov 30, 2012
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India's IT outsourcing sector has nearly doubled the number of jobs it has created in the US in the last five years and now employs more than 100,000 people, an industry group said on Friday.
Business
Mar 23, 2012
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Credit card rewards are the new social currency. Citibank customers can now use Facebook to pool their rewards points online.
Internet
Jan 3, 2012
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As consumers, we transmit valuable personal information to the companies with which we do business. In doing so, we trust that information will remain secure. Over the past year, however, we have learned of a number of instances ...
Internet
Nov 26, 2011
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Bill Conner runs a defense company whose customers are threatened by new forms of global attack every day.
Internet
Nov 14, 2011
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0
Shares in India's biggest software exporter TCS plunged nearly eight percent on Tuesday, a day after the firm posted earnings figures that fell short of market expectations.
Business
Oct 18, 2011
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0
Google opened its smartphone wallet to the public on Monday.
Telecom
Sep 19, 2011
4
0
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York. As of March 2010[update], Citigroup is the third largest bank holding company in the United States by total assets, after Bank of America and JP Morgan Chase.
Citibank has retail banking operations in more than 100 countries and territories around the world. More than half of its 1,400 offices are in the United States, mostly in New York City, Chicago, Los Angeles, the San Francisco Bay Area, Washington, D.C. and Miami. More recently, Citibank has expanded its operations in the Boston, Philadelphia, Houston, and Dallas metropolitan areas.
In addition to the standard banking transactions, Citibank offers insurance, credit cards and investment products. Their online services division is among the most successful in the field,[citation needed] claiming about 15 million users.
As a result of the global financial crisis of 2008–2009 and huge losses in the value of its subprime mortgage assets, Citibank was rescued by the U.S. government under plans agreed for Citigroup. On November 23, 2008, in addition to initial aid of $25 billion, a further $25 billion was invested in the corporation together with guarantees for risky assets amounting to $306 billion. Since this time, Citibank has repaid its government loans in full.
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