CITI GROUP INC.
Citigroup Inc. or Citi ( stylized as citi ) is an American multinational investment bank and financial services corporation headquartered in Lower Manhattan, New York City . The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; however, Travelers was spun off from the company in 2002. Citigroup now owns Citicorp, the holding company for Citibank , as well as several international subsidiaries.
City group is one of the Big Four banks in United States and ranks 32nd on Fortune500.
Citi group subsidiaries include :
Citi Private Bank
Citi Securities & Banking
Citigroup Global Markets Japan
Groupo financiero Banamex
The group currently has over 207,000 Employees with Michael O’Neill as Chairman, Michael Cobat as Chief Execuitve Officer and James Forese as President.
Citibank has more than 4,600 branches in the world and holds more than $300 billion in deposits.
The group products / services include : Credit card, retail banking, commercial banking, investment banking, private banking and financial analysis.
It renders services to Private individuals, corporations, brokers and investors.
The networth of Citi group as reported in 2017 include :
Revenue US$ 71.449 billion (2017)
Operating income US$22.761 billion
Net income US$-6.798 billion (2017)
Total assets US$1.842 trillion (2017)
Total equity US$201.672
On November 5th, New York – Citi’s Board of Directors today announced that Chairman Michael O’Neill will retire on January 1, 2019 and the Board has selected John C. Dugan to succeed Mr. O’Neill as Chairman on that date.