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Citi signs pact with Caterpillar Financial for private label credit card

Aug. 16, 2018 10:25 AM ETCitigroup Inc. (C) StockBy: Liz Kiesche, SA News Editor3 Comments
  • 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)

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