All Posts Tagged With: "citigroup"

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Is CitiBank Ready for a Collapse?

Think a company as large as Citigroup (NYSE C) can’t fail? Only a few months ago, one of the largest online banks, NetBank, closed its doors, leaving billions of dollars in account holder funds in question. Fortunately, the FDIC stepped in and made arrangements for ING to pick up the pieces but what if it [...]

10Jan2008 | Riley Poole | 10 comments | Continued
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First Data Guns Down Merchants

Effective today, First Data has just terminated all of its firearm merchants selling in non face-to-face transactions. For those of you not familiar with credit card processing, First Data is responsible for more than 60% of payment processing in the United States. They have not only terminated many of these legitimate and established merchants but [...]

8Jan2008 | Riley Poole | 31 comments | Continued

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