The third-largest U.S. bank by assets has been leveraging its robust card business to help grow deposits by pitching current and savings accounts to card holders. The bank gathered $6 billion in digital deposits last year.
NEW YORK: Citigroup Inc beat analysts' estimates for fourth-quarter profits on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.
North American branded cards, which account for a majority of the bank's consumer banking revenue, clocked double-digit revenue growth for the second straight quarter, rising 10% from a year earlier.
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