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Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation incorporated in Delaware and headquartered in New York City. 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.
- October 8, 1998; 25 years ago
- US$75.34 billion (2022)
- c. 240,000 (2022)
1998: Citicorp + Travelers = Citigroup. In 1998 Citicorp took the lead in mega-banking mergers by joining forces with Travelers Group Inc. Citigroup Inc., as the new entity was called, boasted assets of $698 billion. The merger created the largest financial services firm in the world, what the Economist called "a global financial supermarket ...
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On March 1, 2021, Jane Fraser became Citi’s Chief Executive Officer and the first woman to lead a major U.S. bank. Read More. Sign up to receive the latest news from Citi. Citi, the leading global bank, serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions.
Citigroup, U.S. holding company formed in 1998 from the merger of Citicorp (itself a holding company incorporated in 1967) and Travelers Group, Inc.The $70 billion merger included one of the largest U.S. investment banks, Salomon Smith Barney Inc., and aimed at creating a global retail financial-services business.
Sandy Weill served as CEO of Citigroup from 1998 to 2003, a pivotal period for the newly formed financial services giant. Weill was the driving force behind the landmark $140 billion merger of Travelers Group and Citicorp in 1998, which created Citigroup and temporarily overturned the Glass-Steagall Act's separation of commercial and investment ...
Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation incorporated in Delaware and headquartered in New York City. 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.
Apr 4, 2012 · Finally in 1998, Citigroup Inc. is born. Technically, Weill's Travelers Group purchased the entirety of Citicorp shares for $70 billion. Salomon Smith Barney remained a wholly owned subsidiary.
