Actionable news
0
All posts from Actionable news
Actionable news in C: CITIGROUP Inc,

Citigroup (C) Stock Higher, Buying Costco Portfolio from American Express

NEW YORK (TheStreet) -- Shares of Citigroup (C - Get Report) are increasing 0.57% to $39.70 late Monday morning as American Express (AXP) said it will sell its Costco Wholesale Corp. (COST) U.S. co-branded card portfolio to the financial services company's consumer unit Citibank.

The sale is expected to close in June, at which time all eligible Costco American Express Card co-branded accounts will be transferred to Citi, according to a company statement.

Additional details will be provided to card members before the partnership end date.

Back by Popular Demand…“Confessions of a Street Addict” Get a FREE signed copy of Jim Cramer’s national best-seller when you gain access to his multi-million dollar charitable trust portfolio! Click here to see Jim’s holdings and get...


More