American multinational investment bank and financial services corporation
"Citi" redirects here. For other uses, see Citi (disambiguation).
Citigroup Inc.
The headquarters of Citigroup in Lower Manhattan
Company type
Public
Traded as
NYSE: C
S&P 100 component
S&P 500 component
ISIN
US1729674242
Industry
Financial services
Predecessors
City Bank of New York (1812)
First National Bank of New York (1863)
The Travelers Companies (1853)
Founded
October 8, 1998; 25 years ago (1998-10-08)
Headquarters
388 Greenwich Street New York, NY 10013 U.S.
Area served
Worldwide
Key people
John C. Dugan (chairman)
Jane Fraser (CEO and president)
Mark Mason (CFO)
Products
Asset management
Banking
Commodities
Credit cards
Equities trading
Insurance
Investment management
Mortgage loans
Mutual funds
Exchange-traded funds
Index funds
Private equity
Risk management
Wealth management
Revenue
US$78.46 billion (2023)
Operating income
US$12.91 billion (2023)
Net income
US$9.228 billion (2023)
Total assets
US$2.412 trillion (2023)
Total equity
US$205.5 billion (2023)
Number of employees
c. 239,000 (2023)
Subsidiaries
List of subsidiaries
Bank Handlowy (Poland)
Citibank Argentina
Citibank Australia
Citibank (United States)
Citibank Bahrain
Citibank China
Citibank Europe
Citi Private Bank
Citibank (Hong Kong)
Citibank India
Citigroup Global Markets Japan
Citibank Indonesia
Citibank Korea
Citibank Malaysia
Citibank Russia
Citibank Singapore
Citibank Uganda
Citibank United Arab Emirates
Citi Private Bank
Citi Global Wealth Management
Grupo Financiero Banamex
Beymen
Salomon Brothers
Nikko Cordial
Acciones y Valores de México (Acciones y Valores Banamex, Casa de Bolsa Integrante del Grupo Financiero Banamex)
Discover Student Loans
Yield Book
Citigroup Global Markets Inc
Metalmark Capital
Lava Trading
Capital ratio
Tier 1 15% (2023)
Website
citigroup.com
Footnotes / references [1]
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.[2][3]
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 institutions of the United States.[4] 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 eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500.[5] and was ranked #24 in Forbes Global 2000 in 2023.[6]
Citigroup operates with two major divisions: Institutional Clients Group
(ICG), which offers investment banking and corporate banking services as well as treasury and trade solutions (TTS) and securities services such as custodian banking; and Personal Banking and Wealth Management (PBWM), which includes Citibank, a retail bank, the third largest issuer of credit cards,[7] as well as its wealth management department. The company also operates banking subsidiaries in several countries; however, it is in the process of exiting most of its international operations.[1] But Citi plans to launch an investment banking unit in China within 12 to 18 months in 2024. The company has already hired a CEO, CFO and compliance director in January, and will hire 30 more employees by the end of the year.[8]
^ ab"US SEC: 2023 Form 10-K Citigroup Inc". U.S. Securities and Exchange Commission. February 23, 2024.
^Martin, Mitchell (April 7, 1998). "Citicorp and Travelers Plan to Merge in Record $70 billion Deal". The New York Times.
^"Citigroup to spin Travelers". CNN. December 19, 2001.
^ONeil, Erin (August 2, 2016). "The Biggest Banks in the United States". The Balance.
^"Fortune 500: Citigroup". Fortune.
^"The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
^Luthi, Ben (May 2, 2023). "8 Biggest U.S. Credit Card Companies This Year". U.S. News & World Report.
^"Citi plans to launch new investment banking business in China by 2024". NS Banking. January 5, 2024. Archived from the original on January 9, 2024. Retrieved February 8, 2024.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation incorporated in Delaware and...
the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later...
The Citigroup Center (formerly Citicorp Center and also known by its address, 601 Lexington Avenue) is an office skyscraper in the Midtown Manhattan neighborhood...
The following is a list of chairmen and presidents of what is now Citigroup—the person or persons who were ultimately responsible for the company since...
Citigroup Venture Capital may refer to: Citigroup Venture Capital Equity Partners, a US based private equity firm renamed Court Square Capital Partners...
The Citigroup Tower is a 180 m, 42 storey high skyscraper in the Pudong financial district of Shanghai, China, completed in 2005. It is the headquarters...
Indian-American banker and investor who was the chief executive officer of Citigroup from December 2007 to 16 October 2012 and is the current chairman and...
Citigroup Centre, London Citigroup Centre, Sydney Citigroup Center, a building in New York City. Citigroup Center, Chicago Citigroup Center, Los Angeles...
to form Citigroup. However, the synergies between the banking and insurance arms of the company did not work as well as planned, so Citigroup spun off...
From 2012 to 2014, he served as the Director of Global Construction for Citigroup. In 2015, he pleaded guilty to a bribery scheme and was sentenced to two...
programs." Rubin joined Citigroup in 1999 as chairman of the executive committee of the board. In 2001, Enron, a major client of Citigroup, faced a credit ratings...
Canada Square 20 Fenchurch Street 122 Leadenhall Street Broadgate Tower Citigroup Centre The Gherkin Heron Tower The Shard St George Wharf Tower Tower 42...
was acquired by Travelers Group in 1997, which in turn became part of Citigroup the next year. In February 2022, it was announced that the Salomon Brothers...
One Court Square, also known as the Citicorp Building or the Citigroup Building, is a 50-story, 673-foot (205 m) office tower in Long Island City, Queens...
Citicorp merged creating Citigroup (NYSE: C). Primerica and its affiliates continued to operate as subsidiaries of Citigroup, although the Travelers insurance...
in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup. The firm's primary subsidiary is Wells Fargo Bank, N.A., a national bank...
American businessman and political candidate who worked as an executive at Citigroup. McGuire was an unsuccessful candidate in the 2021 New York City Democratic...
and US$4 billion in debt, leading to its acquisition by Citigroup in February 2011. Citigroup's ownership was temporary, as EMI announced in November 2011...
and relatively developed infrastructure.[citation needed] According to Citigroup in 2011, 9 of 11 Global Growth Generators countries came from Asia driven...
Court Square was originally a captive private equity firm within Citigroup known as Citigroup Venture Capital Equity Partners. Court Square's investment professionals...
Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan...
of Morgan Stanley. On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating...
Corporation became a wholly owned subsidiary of Citigroup; upon completion of share exchange, it merged with Citigroup Japan Holdings Ltd. to form Nikko Citi Holdings...
eastern border of the site. Contemporary buildings in the CBD include Citigroup Centre, Aurora Place, Chifley Tower, the Reserve Bank building, Deutsche...
(60/80) – meaning that $0.75 are spent for every dollar earned in revenue. Citigroup, Inc. (2003): Revenues, net of interest expense: 77,442 Operating expenses:...
brokerage firm Smith Barney from 1990 to 1998, becoming the president of Citigroup in 1998. In 2000, he was appointed the CEO of Bank One, overseeing operations...
Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft....
Global Information
US$78.46 billion (2023)
US$12.91 billion (2023)