- Citi (NYSE:C +1.7%) Retail Services signs a long-term agreement with Caterpillar (CAT +1.7%) Financial Services to provide a private label credit card program in the U.S. and Canada.
- Cat Financial will jointly manage the overall program while moving the origination and portfolio management responsibilities to Citi.
- The Cat Card program will offer commercial and consumer financing options.
- Source: Press Release
- Previously: Citigroup's credit-card chief Linville to exit: American Banker (Aug. 13)