Citi’s restructuring will work this time, says Wells Fargo’s Mike Mayo
Mike Mayo, Wells Fargo bank analyst, joins ‘Closing Bell’ to discuss Citi’s Q4 warning, his bank earning predictions, and more.
05:16
7 minutes ago
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The coronavirus pandemic has caused a surge in demand for contactless payments, accelerating the shift from cash to digital options
The Covid-19 pandemic is expected to cause a drastic decline in cash usage due to the risk of contamination. “Over the past six to eight months, we’ve seen the use of cash decline even further, and that’s a trend I think that we’re going to see continue,” said Jodie Kelley, CEO of Electronic Transactions Association….
