Citigroup Attributes Q1 Deposit Growth to Its Digital Channels

Citigroup’s digital channels are crucial to growing its new-to-bank customer deposits, according to CFO Mark Mason, who reported single-digit YOY growth in deposits across international retail consumers, as well as North American customers, during the company’s first-quarter earnings report. “We simplified our deposit account opening process to both new customers and existing cardholders and, at …Read More