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The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002. Citigroup is the third-largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking ...
- October 8, 1998; 25 years ago
- US$75.34 billion (2022)
- c. 240,000 (2022)
Apr 7, 2024 · Key Points. Citigroup is a global, publicly owned financial services company. Citigroup's largest shareholders include Vanguard, BlackRock, State Street Corporation, and Berkshire Hathaway....
Citigroup Inc., a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates...
The company was founded in 1812 and is headquartered in New York, New York. www.citigroup.com
- A Tale of Two Citis
- Global Reach
- The Bottom Line
Citi found itself on the wrong side of history during the mortgage crisis one decade ago. The bank's decision to double down on subprime mortgages on the eve of the financial crisis resulted in losses of $18.7 billion in 2008. In order to slow the bank's losses, Citi split its operations into two distinct subsidiaries: Citicorp and Citi Holdings. "...
Citi has approximately 200 million customer accounts and operates in over 160 countries, separating operations into four geographic regions: North America, Latin America, Asia Pacific, and Europe/the Middle East/Africa. Looking primarily at consumer banking by region, North America is by far Citi’s most profitable. The continent accounted for more ...
From dominant shares of the banking market to influence over lobbyists, Citi has everything going for it. When a corporation gets repeated federal guarantees that it cannot go defunct, investors should take that as a green light and run with it.
Headquarters. New York, New York. United States. Website. citigroup.com. Employees. 237,000. Get the latest Citigroup Inc (C) real-time quote, historical performance, charts, and other...
May 26, 2021 · $120B. Today's Change. (-1.42%) -$0.91. Current Price. $63.16. Price as of May 20, 2024, 4:00 p.m. ET. After trading below tangible book value for the last 12 months, Citi has clawed its way back.
