Discover and read the best of Twitter Threads about #citibank

Most recents (11)

Citi Never Sleeps

This famous photo is doing rounds of the social media - and along with some healthy emotional outpour. To everyone wondering why there’s so much affinity for this organisation, the answer lies in what it meant to the people it attracted & what it stood for.
To understand who it attracted, I tried imagining the India of 1900s – Citi set shop in India in 1902. To the westerners, we were still a land unfamiliar & I wondered what kind of folks would come to India to do business those days taking a voyage to a land unknown?
I came out thinking of them as a bunch of adventurers, seekers & risk takers. Folks taking a punt on something much before everyone else did. And on this foundation that Citibank took roots in India.
Read 6 tweets
#Rupee has fallen far lower Vs #Dollar,comparatively👇

Euro,2 days ago,went below $1 for 1st time in 20yrs,reflecting big weakness in #Euro

Rupee,displaying strength,has risen big time against Euro,Pound &Yen💪

So #Madarsa dentists from Congress should stop lecturing on Rupee
@narendramodi govt in a landmark measure has allowed international trade settlement in #Rupees

When countries import&export goods&services,they have to make payments in foreign currency

Since US Dollar is world’s reserve currency,most trades are entered into in USD
Here,both parties involved have to incur conversion expenses&bear risk of foreign exchange rate fluctuations

This is where trade settlement in Rupee comes in-instead of paying &receiving US Dollars,invoice will be made in Indian Rupees if counterparty has #Rupee Vostro account
Read 6 tweets
Sitting on load of #Citibank points or #miles and planning to use them for Fuel/0.45p redemption?

Think again!

This thread will give you suggestions on the best way to maximize your Citi #creditcard points and get the best value
Citi Bank cards portfolio
Rewards, Indian Oil, Cashback - Upgrade to PM/Prestige or Rewards redemption
Primermiles, Prestige - Miles transfer Image
If you are holding Premiermiles and having more than 10,000 PM miles then you should consider getting upgrade to Prestige to convert 10k points to 18k Airmiles
Remember 100 PM=50 Airmiles
if upgraded PM to Prestige 100 PM= 45 Prestige points -> 180 Airmiles Image
Read 26 tweets
Major Credit Card Players in India 💳

Cards Issued (Lakhs)
HDFC 163
SBI 135
Axis 86
RBL 36
Kotak 30
#Citibank 26

How will Axis-Citi take over impact this? ⤵️
Axis Bank will takeover loans, credit cards, wealth management and retail banking operations of Citibank.
Post this deal, Axis bank’s Cards balance sheet is expected to grow by 57% with making it one of the top 3 Cards businesses in the country!

#AxisBank #StocksInFocus
Read 8 tweets
#Cardano ekosistemine yönelen ilgi bizler için yeni projeler ve yeni yatırım fırsatları doğuruyor. Bir süredir buna dikkat çekiyordum artık yavaş yavaş dikkat çekici projeler için temel analizler hazırlamayı planlıyorum. Bugün anlatacağım @ArdanaProject , #Cardano ekosisteminde +
yer alan ilk all-in-one stable coin ekosistemi sunuyor. #Cardano DeFi ekosisteminde bir hub olma vizyonuyla yola çıkan @ArdanaProject , on-chain varlık destekli bir stabilcoin ve stabilcoinler için bir DEX sunuyor.
Ardana , USD ye sabitlenmiş ve aşırı teminatlandırılmış stable coinini $dUSD ile lending / borrowing, staking, liquidity mining, AMM ve birçok asset içeren düşük fee/slippage ve sermeye verimliliği sağlayan likidite havuzlarıyla +
Read 11 tweets
Gobierno venezolano le quitó el botín de las manos a la #bandaGuaidó y cómplices gringos. Se deduce de la afirmación del Presidente Maduro sobre el "rescate de recursos secuestrados por la Reserva Federal de EEUU". Se comprarán más de 11 millones de vacunas a través de #Covax
Durante el balance semanal del Covid19, Maduro informó que en otro momento revelaría más detalles de la "épica" recuperación. Todo indica que se trata de fondos del BCV depositados en una cuenta del #Citibank que en ABR2020 habían sido transferidos a la Reserva Federal.
La extinta Asamblea Nacional autorizó la operación del saqueo de fondos. En complicidad con el gobierno gringo fue transferido y puesto a disposición de la directiva del "BCV de fantasía".
El acto de saqueo fue anunciado públicamente por los parlamentarios y el propio Guaidó.
Read 14 tweets
The mother of all QEs is here - @federalreserve has announced:
a. Interest rate cut by 100bps to 0% - 0.25%
b. Emergency lending rate cut by 125 basis points to 0.25%,
c. Increased the emergency lending term of loans to 90 days.

#USD #FEDrate

d. Buying of $500 BN of Treasurys and $200 BN of agency-backed mortgage securities.
e. Pushed major banks to use the equity + liquid buffers ($1.3 TN + $2.9 TN) for lending and manage credit expansion.
Instantly, eight largest U.S. banks (Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street, and Wells Fargo) have suspended share buybacks program to support the Fed's idea of credit expansion.

#bankofamerica #CITIBANK
Read 6 tweets
A #CIBIL thread- Long read but I had to vent out. My CIBIL score is 622/900- 96% of loans sanctioned last year have a better score. So bottom of the barrel pretty much 1/13
My financial position- zero debt, 3 active credit cards with no overdues or rollovers EVER, a liquid investment portfolio that allowed me to retire at 46 i.e 5 years ago. Doesn’t scream bottom of barrel does it? So what went wrong? 2/13 #CIBIL
Enter #CITIBANK –I’ve had a CITI card since 1994 with a zero track record of overdues or rollover. In 2011,I was a target of a fraud in New York.For a purchase of 750$ the shopkeeper swiped the card for 1200$. I spotted it immediately got the merchant to reverse it. 3/13 #CIBIL
Read 13 tweets
In #SDNY, Steptoe faces Curcio hearing on representing Sadr Nejad and #JPM, previously UBS Commerzbank & #Citibank - thread
Judge Nathan reading Strptoe's script, changing #JPM to the "banks." US Attorney also unconcerned about Citibank conflict?
Like Ali Sadr, now under oath Judge Nathan says she went to Cornell. Echo of Sandy Weill, #PredatoryBender @SDNYLIVE
Read 8 tweets
THREAD: #China’s central bank #PBoC on Sat. unveiled plan to improve the mechanism which will form the loan prime rate (LPR) to further liberalize the rate of bank loans, marking a significant step forward toward the market-based reform of interest rate.…
The reform of #LPR is mainly aimed at improving the efficiency of monetary policy transmission mechanism. Under the current FTP(funds transfer pricing) model, easing monetary policy often fail to benefit real economy sector, according to Li Qilin, CF40 Youth Scholar.
The new LPR will have three major changes, 1. Besides the already existing 1-year LPR, #banks will also report 5-year LPR which could provide reference for PBoC to set the price for mid- and long-term #loans.
Read 7 tweets
#Venezuela's #NicolasMaduro:
"We had a large shipment of medicines to last the country for a year,a large batch of raw materials for food. The bank account was frozen,the contracts were cancelled & the money is seized. They suffocate us,steal our money & put a show for the world"
Nov. 2017:The transnational Pharmaceutical companies Baster,Abbot & Pfizer refused to issue exportation certificates to #Cancer drugs,making it impossible for #Venezuela to buy them
July 2017: The Citibank bank (#USA) refuses to receive #Venezuelan funds from the Central Bank for the import of 300 thousand doses of insulin, destined to cover the demand of 450 thousand registered patients.
Read 62 tweets

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