German Cards & Payments

Germany is one of Europe’s largest payment cards markets, and is the third-largest in terms of annual card transaction value. It is still far from being recognized as a fully mature market, however, as the average number of monthly card transactions by consumers in Germany was 2.5 in 2014, much lower than France (9.4) and the UK (6.5).

Citi Cards & Czech

Citi inked a deal with Raiffeisenbank to sell its consumer banking business in the Czech Republic. Citi intends to focus on expanding the services it offers to Czech corporations, banks and public sector clients as well as continuing to service its multi-national clients with operations in Czech and global investors.

Bankrate CEO

Bankrate has ankled Scott Kim as Chief Executive Officer of its division. In this role, Mr. Kim will have responsibility for the growth and development of the business, replacing Don Ross, who will be leaving Bankrate to pursue other opportunities.