Anyone that opens a regular checking account with Citibank will be automatically eligible for a $200 bonus. Those that open a checking account with Citibank’s Account Package will earn the full $400.00. According to a report from Best Cash Cow, the limited time offer will expire on August 22nd. Citibank’s “ThankYou” Rewards program allows customers to claim rewards for regular banking activtiies as well.
There are limitations to the deal that Citibank is offering. To take advantage of the bonus, Customers must deposit $1,000 or more in the account within the first sixty days. Customers must also make at least one direct deposit into the account for two months. Customers must also make five or more debit card purchases or pay two electronic bills during the first two months....
http://www.americanbankingnews.com/2010/08/15/citibank-nyse-c-offering-up-to-400-bonus-for-new-account-holdings/
If one recalls, Morgan was the only bank left standing when the collapse occurred UNTIL everyone else was bailed out. I feel better about Morgan purchasing assets than any other bank, but, the point is this 'shuffle' is still going on.
JPMorgan buys $3.5B Citibank loan portfolio (click title to entry - thank you)
August 10, 2010, 1:39PM ET
NEW YORK
JPMorgan Chase & Co. bought a $3.5 billion portfolio of real estate loans from Citibank, the company said Tuesday.
JPMorgan said the portfolio includes about 3,800 loans, most of which are multifamily real estate loans for properties in New York, California, and Illinois. It said the portfolio is made up entirely of performing loans that have strong credit performance.
The deal will reduce assets by $3.5 billion at Citi Holdings, Citigroup's portfolio of noncore operating businesses and assets.
Citigroup said it is continuing to reduce the assets of Citi Holdings steadily. Citi Holdings makes up less than a quarter of the company's balance sheet, and Citigroup said it is reducing those noncore holding while working toward profitability and growth for Citicorp.
In afternoon trading, JPMorgan shares fell 54 cents to $39.28. Shares of Citigroup Inc. declined 6 cents to $4.02....
