Citigroup Net Worth is$107.5 B
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Type: Public company
Traded As: C, ''S&P 500''
Predecessor: #Citicorp, #Travelers Group
Foundation: June 16, 1812url
Industry: Banking, Financial services
Location City: 399 Park Avenue, Manhattan,, New York City, New York
Location Country: U.S.
Area Served: Worldwide
Key People: Michael E. O'Neill (CEO)
Products: Credit cards, Retail banking, Commercial bank, investment banking, Private banking, financial analysis, private equity
Revenue: url
Operating Income: net income
Assets: 01.874 10^12 (2011) Equity: {{Increase US$ 179.57 billion (2011) Num Employees: 261,000 (Dec 2011) Subsid: Grupo Financiero Banamex, CitiMortgage, Citibank, CitiBranded Cards, Citi Private Bank, Citi Securities & Banking, Morgan Stanley Smith Barney (49%), Nikko Citigroup, Railmark Holdings, Salomon BIG, Sedna Finance
Citigroup Inc. (NYSE: C) or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group in October 1998 (announced on April 7, 1998). The year 2012 marks Citi's 200th anniversary.
Citigroup has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company currently employs approximately 260,000 staff around the world, which is down from 267,150 in 2010 according to Forbes. It also holds over 200 million customer accounts in more than 140 countries. It is a primary dealer in US Treasury securities. According to Forbes, at its height Citigroup used to be the largest company and bank in the world by total assets with 357,000 employees until the global financial crisis of 2008. Today it is ranked 20th in size under the Fortune 500 list. In comparison, JPMorgan Chase, which is ranked 16th on the Fortune 500, is now the largest bank in the world as of 2012.
Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive stimulus package by the U.S. government. Its largest shareholders include funds from the Middle East and Singapore. According to the New York Times, on February 23, 2009, Citigroup announced that the United States government would take a 36% equity stake in the company by converting US$25 billion in emergency aid into common shares with a US Treasury credit line of $45 billion to prevent the bankruptcy of the largest bank in the world at the time. The government would also guarantee losses on more than $300 billion troubled assets and inject $20 billion immediately into the company. In exchange, the salary of the CEO is $1 per year and the highest salary of employees is restricted to $500,000 in cash and an

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Citigroup Latest News

Citigroup launched a major restructuring of 2 of its top moneymaking units in sales and trading. We got the internal memo.

Citigroup is launching a major restructuring of two of its top sales and trading businesses within fixed income, currencies, and commodities. The firm sent out an internal memo Monday announcing it ...
Posted: June 17, 2019, 9:03 am

Citigroup Announces Restructuring of Sales and Trading Unit

Citigroup C is set to merge two key divisions in its sales and trading unit — foreign-exchange and rates businesses. This move will mark the first major overhaul after Paco Ybarra took position ...
Posted: June 18, 2019, 5:45 am

Citigroup is poaching a number of senior dealmakers from Deutsche Bank as it looks to supercharge its investment-banking business

Citigroup said on Friday it had poached a number of senior dealmakers from Deutsche Bank as it seeks to bolster its investment-banking business. Mark Hantho, previously Deutsche Bank's chairman of ...
Posted: June 21, 2019, 4:37 pm
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