Citi: "New Online Bank Rocks!"
Shaheen Pasha reports for CNNMoney.com on comments made by Citigroup CEO Charles Prince about Citi's new Citibank Direct at an industry conference in New York today. According to Prince, in the first ten days after launching the new online bank in late March, Citi exceeded their estimates of volume by ten times and since has raised $3 billion in new deposits for the bank. Prince's slides (PDF) from today's conference are available online on the Citigroup web site.
Add your comment... (note that all comments are reviewed before they're published)