Andy Peters writes about regional banks, consumer finance and debt collections for American Banker. He also co-writes the Morning Scan column. He has previously written for Bloomberg and for the Daily Report, a legal newspaper in Atlanta. He got his start in journalism as an editorial intern for The New York Times.
The bank's Costco card portfolio boosted profits (again), as did internal growth from store-branded cards from Home Depot and Best Buy. Citi’s card business is avoiding — for now — the pain in the retail sector.