Banga: Mastercard hit $360B market cap while Citi was under $100B
“And then from there, I had a chance to be one of the candidates to be the next CEO of Citi, which was 250,000 people. And I quit and became the CEO of Mastercard with 4000 people. But when I left, Mastercard's market cap was three hundred sixty billion, and ci…”
Dimon: Major US banks dropped to $1B-$3B valuations during 1990 real estate crisis
“In 1990, all these banks, JP Morgan, Citi, Chase, Chemical, were all taken to their knees by real estate losses, and they were all worth about a billion dollars.
I remember, I think Citi was three billion at the time, and the other ones were about a billion do…”
Dimon: Citigroup's conglomerate acquisitions like truck leasing lacked strategic fit and added risk
“Whereas, you know, Citi had consumer, consumer finance, that didn't fit. Life insurance, that didn't fit. Property, that didn't, they eventually got rid of them all. Sandy just wanted to do more of them. You know, he bought an American general, which did truck…”
Airwallex aims to be bigger than Citi or HSBC by 2035
“I hope we have built no, the, one of the largest global payments and banking platform to power more than businesses around the world. I hope we have built a bigger business than city or HSBC because you know, when we succeeded doing that millions of businesses…”
Jack Zhang May 26, 2025 ▶ 1:34:10 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
Perret: Plaid powers Citi account openings and Invitation Homes rent payments
“Increasingly it's not just fintech companies now, but it's the big banks, the way that you open a checking account with Citi goes through Plaid and then a ton of enterprises. So the way that you pay your rent with invitation homes or a bunch of those all that …”
Costco likely generates net revenue from its Citi and Visa co-branded cards
“I'm pretty sure that this has never been disclosed, and I haven't asked anyone about it, but if you sort of read trade publications, people seem pretty convinced that Costco is making money, which of course they are, on the deal that they cut with Citi and Vis…”
Palihapitiya: Mega-banks like JPMorgan are far better run than regional banks
“If you look at how well run Citi, B of A, Wells and JPM are relative and contrast them to the sub GSIBs, it's like night and day.”
Visa, Synchrony, Citi, and BBVA Have Invested in ChargeAfter
“We have an amazing investors visa invested in charge after synchrony bank invested in charge of the city bank, BBVA.”
Following 2008, 29 of 31 evaluated independent Florida banks were technically insolvent
“There were 31 banks in Florida. Of any consequence that weren't owned by Citi, Bank of America, or someone from out of state. We called on 29 of those 31 banks. Every one of them was technically insolvent. Their liabilities were greater than the fair market va…”
JPMorgan Chase and Citi each spend $2B to $4B annually on compliance
“The big ones, like JPMorgan Chase, Citi, et cetera, have 10,000 plus analysts working on this every year. They're spending two to four billion dollars a year on compliance.”
Brown interviewed 30 bank executives over four months for Head of Credit
“I spent four months. I personally talked to 30 directors and vice Presidents at Capital One, HSBC, Citi, all the big banks, and I kept pushing and pushing until I ended up finding a guy whose name is also Jason, and he's just this incredible genius, top of his…”