Citi to replace debit cards involved in Target breach

Citigroup will replace all customer debit cards involved in the data breach at Target Corp, the No.3 U.S. retailer, a spokeswoman for the bank said. The bank did not replace the debit cards sooner because it wanted to minimize disruptions during the holiday shopping season, the New York Times reported earlier, quoting a person briefed on the bank's decision.

Background:
Citi to replace debit cards involved in Target data breach [Reuters]
Citigroup sells servicing to Fannie Mae on $10B loans [Bloomberg]
Deutsche, Citi feel the heat of widening FX investigation [Reuters]