CITI

Citigroup plans to launch a unique credit card on Monday that comes with no late fees or penalties. The card also boasts a single interest rate for purchases, balance transfers and cash advances, helping it stand out from its competition.

New Card Comes with Simple Terms

Citigroup announced on Thursday that it has discovered a hacker accessed personal information from its customers. The bank said the security breach occurred last month during which time the hacker stole the information belonging to roughly 200,000 customers.

Routine Monitoring Revealed the Breach

Investors were given good news on Friday from analysts who said financial institutions are ready to pay dividends again after a three-year break. Some of the nation’s largest banks plan to restore dividends in the first half of the year now that they’ve been able to repair some of the damage to their balance sheets.

Billions to Hit Pension Funds

This post comes from Michael, chief editor of DoughRoller.net, which helps consumers find the best online banks available today.

Don’t worry, we’re not pitching a scam. This article isn’t about creating a new credit card from scratch, just designing a cooler credit card than one you have in your wallet right now!

Customers would rather open an account at a credit unions or small bank over a big, national bank, according to a report released on Tuesday from the American Customer Satisfaction Index. While customer satisfaction with credit unions and small banks has dipped some, customers still favor them over major financial institutions.

Credit Union Satisfaction Dips

Update: This CITI Bank contest has expired.

Good news for Exxon Mobil gas credit card holders – you can win $2000 for CITI Bank! Simply by swiping your Mobil gas card or speed pass, you’ll be entered to win! For those who don’t have a card yet, you can enter simply by applying for a card and be automatically enrolled to win.

Smart phone applications are all the rage these days. There are so many available that it almost be a sin not to take advantage of at least a few. If you like the idea of making your banking transactions from your phone, you might consider downloading some of the latest, greatest smart phone bank iPhone or Android applications.

We’ve complied a list of the latest and greatest, along with some less popular reviews. How does you bank’s app stack up? Check them out and find out!

The new Citi Mobile app for Apple’s iPhone has stirred a bit of controversy after the company announced that the personal account information of customers could be threatened. According to Citigroup, the app has inadvertently saved personal account details in a hidden file on the users’ phones – a glitch that is already believed to have compromised account numbers, access codes and credit card bill payments.

To resolve the problem, Citigroup is urging customers to upgrade to a new application made available on Apple’s App Store. However, those who choose to keep their current apps will have the account info deleted immediately (NY Daily News).

I now pronounce you…..what?

Wells Fargo Beats out Citigroup

Another bank bites the dust. Citigroup agreed to a takeover of the troubled Wachovia in yet another government engineered rescue.