Increasing Signs Of Stress At Citi?

A reader sends in this morsel from Citi, offering to take (and keep quiet about) a 47% loss on a Citi credit card account if only the user will pay before year’s end. A few things occur to us on reading this letter:

If widespread, this would appear to be awfully desperate on Citi’s part…

Continue reading ยป

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.