For financial reporting and internal operational purposes, Citigroup is largely organized into five groups: Citigroup Global Consumer Group, the Global Corporate and Investment Banking Group, Citigroup Global Investment Management, Citigroup International, and Smith Barney. Citigroup’s stocks are traded at the New York Stock Exchange and the company is a component of the Dow Jones Industrial Average-index (ISIN: US1729671016/ Symbol: C).
It was initiated on October 8th, 1998 after the merger of two companies Citigroup and Travelers Group which was worth $140 billion. This merger resulted in the biggest financial services institution.
The history of the organization traces back to the working of various companies which, after a certain passage of time merged into the Citigroup which was a multinational banking organization. The organization was operational in more than 100 countries. The Travellers group of the company also rendered its credit services, insurance services, brokerage and consumer finance to the customers.
Formation of the Bank
In 1820, the City Bank of New York (later Citibank) was formed in 1812.
The bank is on the 3rd in ranking on the largest banks list in the USA. alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is among the four biggest banks of the United States. It is among the nine international investment banks in the Bulge Bracket. Citigroup is on rank 32 on the Fortune 500. Citigroup has more than 200 million customers and have businesses in over 160 countries with 209,000 employees, although it had estimately 357,000 employees when it faced a financial crisis in the fiscal year 2007-2008.
Contact info:Street: 399 Park AvenueZip Code: 10022City: New YorkCountry: USAPhone: (212) 5591000Email: firstname.lastname@example.orgWebsite: www.citigroup.comCEO: Michael L. CorbatCFO: John C. Gerspach