Citigroup is the largest issuer of Visa and MasterCard commercial cards in the US, according to The Nilson Report, a publication covering consumer payment systems worldwide. Citigroup topped The Nilson Report’s list of 50 commercial card issuers with volumes of $23.1bn for 2003, a 17 per cent increase over the previous year. This represents more than 2,400 commercial accounts and more than 3 billion cards.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.