Headquarters: New York, NY, United States
Founded: October 8, 1998
CEO: Ms. Jane Nind Fraser
USD as of April 1, 2022
Citigroup Inc., also known as Citi, is a multinational investment bank and financial services company headquartered in New York City. Tracing its origins to 1812, Citigroup operates through multiple subsidiaries in more than 160 countries with more than 210,000 employees. It operates in global markets with capital origination, corporate and investment banking, markets and securities services, private bank, and treasury and trade solutions, as well as in retail banking through Citibank, branded cards, retail services, commercial banking, and mortgages.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card, lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative, equity and fixed income research, corporate lending, investment banking and advisory, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2021, it operated 2,154 branches primarily in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.
Citigroup Inc. or Citi (stylized as citi) is a US-American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is incorporated in Delaware. Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States. It is considered a systemically important bank by the Financial Stability Board and is commonly cited as being too big to fail. It is one of the nine global investment banks in the Bulge Bracket. Citigroup is ranked 33rd on the Fortune 500 as of 2021. Citigroup has over 200 million customer accounts and does business in more than 160 countries. It has 204,000 employees, although it had 357,000 employees before the financial crisis of 2007–2008, when it was bailed out by a massive stimulus package from the U.S. government. In 2020, it is one of the largest securities services provider, having over $23.6 trillion in assets under custody (AUC) In February 2021 CEO Michael Corbat was replaced by Jane Fraser, who became the first woman CEO of a Big Four bank.
Source: Wikipedia, retrieved on March 31, 2022, 8:44 p.m.
Banking, consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards
Founder(s): Sanford Weill (Travelers Group) Samuel Osgood (Citicorp)
John C. Dugan (Chairman) Jane Fraser (CEO and President)
Revenue: US$71.88 billion (2021)
Operating income: US$27.47 billion (2021)
Net income: US$22 billion (2021)
Total assets: US$2.291 trillion (2021)
Total equity: US$202 billion (2021)