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Encyclopedia > Citigroup
Citigroup Inc.
Type Public (NYSE: C,TYO: 8710)
Founded New York City, USA (1812)
Headquarters 399 Park Avenue, New York City, USA
Key people Sir Win Bischoff, Chairman
Vikram Pandit, CEO
Gary Crittenden, CFO[1]
Industry Financial services
Products Consumer Banking
Corporate Banking
Investment Banking
Global Wealth Management
Investment Research
Private Equity
Revenue US $159.70 billion (2007)[2]
Net income US $3.62 billion (2007)[2]
Total assets US $2.2 trillion (2007)[3][4]
Total equity US $113. billion (2007)[3]
Employees 358,000 (2007)
Slogan Let's get it done
Website www.citigroup.com

Citigroup Inc. (NYSE: C,TYO: 8710), operating as Citi, is a major American financial services company based in New York City, formed from the merger of Citicorp and Travelers Group on April 7, 1998.[5] According to Forbes Global 2000 in March 2007, it is the largest company in the world[6] with total assets of US $2.2 trillion, as of December 2007.[4] The company employs 358,000 staff around the world, and holds over 200 million customer accounts in more than 100 countries. It is the world's largest bank by revenues as of 2008.[6] It is a primary dealer in US Treasury securities[7] and its stock has been a component of the Dow Jones Industrial Average since March 17, 1997.[8] Columbia Business School (part of Columbia University), officially named the Columbia University Graduate School of Business, and also known as CBS, was established in 1916 to provide business training and professional preparation for undergraduate and graduate Columbia University students. ... The Columbia Institute for Tele-Information (CITI) is one of several research centers for Columbia Business School, focusing on strategy, management, and policy issues in telecommunications, computing, and electronic mass media. ... Image File history File links No higher resolution available. ... This article does not cite any references or sources. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... The Tokyo Stock Exchange ), or TSE, is one of the largest stock exchange markets in the world by monetary volume located in Tokyo, Japan, second only to the New York Stock Exchange. ... New York, New York and NYC redirect here. ... New York, New York and NYC redirect here. ... Sir Win Bischoff Sir Winfried Franz Wilhen Bischoff, often known as Win Bischoff (born 1941), is the interim CEO for Citigroup after Chuck Prince announced his retirement on November 4th, 2007[1][2]. He was born in Aachen, Germany and had an early education in Cologne and Düsseldorf. ... A chair or seat is also a seat of office, authority, or dignity, such as the chairperson of a committee, or a professorship at a college or university, or the individual that presides over business proceedings. ... Vikram Pandit served as the president and chief operating officer of the Institutional Securities and Investment Banking Group at Morgan Stanley where he was responsible for the overall management of the group and focused on the trading, sales and infrastructure aspects of the business. ... Chief Executive redirects here. ... Gary Crittenden (born 1953) is the Chief Financial Officer of Citigroup, succeeding Sallie Krawcheck from 12 March 2007. ... CFO redirects here. ... Financial services is a term used to refer to the services provided by the finance industry. ... According to investopedia. ... A commercial bank is a type of financial intermediary and a type of bank. ... Investment banks help companies and governments (or their agencies) raise money by issuing and selling securities in the capital markets (both equity and debt). ... Private banking is done by major institutional banks known as private banks, which offer financial services to private individuals. ... Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... USD redirects here. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... In business and accounting an asset is anything owned, whether in possession or by right to take possession, by a person or a group acting together, e. ... At the start of a business, owners put some funding into the business to finance assets. ... This article is about work. ... Look up slogan in Wiktionary, the free dictionary. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... The Tokyo Stock Exchange ), or TSE, is one of the largest stock exchange markets in the world by monetary volume located in Tokyo, Japan, second only to the New York Stock Exchange. ... Financial services is a term used to refer to the services provided by the finance industry. ... New York, New York and NYC redirect here. ... Citibank was founded in 1812 as City Bank of New York. ... Citigroup Inc. ... April 7 is the 97th day of the year in the Gregorian calendar (98th in leap years). ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... The Forbes Global 2000 - is an annual ranking of the top 2000 corporations in the world by Forbes magazine. ... In business and accounting an asset is anything owned, whether in possession or by right to take possession, by a person or a group acting together, e. ... USD redirects here. ... Primary dealers are banks or brokerage firms who may trade directly with the Federal Reserve System. ... The United States Department of the Treasury is a Cabinet department, a treasury, of the United States government established by an Act of U.S. Congress in 1789 to manage the revenue of the United States government. ... Linear graph of the DJIA from 1901 until today Logarithmic graph of the DJIA from 1901 until today The Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, or informally the Dow Jones or The Dow) is one of several stock market indices created by nineteenth-century... is the 76th day of the year (77th in leap years) in the Gregorian calendar. ... For the band, see 1997 (band). ...


On December 11, 2007, Vikram Pandit was named Citigroup's CEO, while Sir Win Bischoff was named chairman. Charles Prince, the Chairman and CEO, had resigned on November 4, 2007. Between that time, Bischoff had served as interim CEO while Robert Rubin was chairman of the board.[9][9] is the 345th day of the year (346th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Vikram Pandit served as the president and chief operating officer of the Institutional Securities and Investment Banking Group at Morgan Stanley where he was responsible for the overall management of the group and focused on the trading, sales and infrastructure aspects of the business. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Sir Win Bischoff Sir Winfried Franz Wilhen Bischoff, often known as Win Bischoff (born 1941), is the interim CEO for Citigroup after Chuck Prince announced his retirement on November 4th, 2007[1][2]. He was born in Aachen, Germany and had an early education in Cologne and Düsseldorf. ... For other persons named Charles Prince, see Charles Prince (disambiguation). ... is the 308th day of the year (309th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Robert Edward Rubin (born August 29, 1938) is the Chairman of Citigroup. ...

Contents

History

Citigroup was formed on October 8, 1998 following the $140 billion merger of Citicorp and Travelers Group to create the world's largest financial services organization.[5] The history of the company is, thus, divided into the history of several firms that over time amalgamated into Citicorp, a multinational banking corporation operating in more than 100 countries; or Travelers Group, whose businesses covered credit services, consumer finance, brokerage, and insurance. As such, the company history dates back to the founding of: the City Bank of New York (later Citibank) in 1812; Bank Handlowy in 1870; Smith Barney in 1873, Banamex in 1884; Salomon Brothers in 1910.[10] is the 281st day of the year (282nd in leap years) in the Gregorian calendar. ... Citigroup Inc. ... For other uses, see Bank (disambiguation). ... Citibank is a major international bank, founded in 1812 as the City Bank of New York. ... Smith Barney is a division of Citigroup Global Capital Markets Inc. ... Banco Nacional de México or Banamex is Mexicos largest bank, belonging to the group that bears its name, Grupo Financiero Banamex. ... This article deals with Salomon Brothers. ...


Citicorp

Citicorp Center (now Citigroup Center), New York City
Citicorp Center (now Citigroup Center), New York City

The history of Citicorp began with the founding of the City Bank of New York, which was chartered by New York State on June 16, 1812 with $2 million of capital. Serving a group of New York merchants, the bank opened for business on September 14 of that year, and Samuel Osgood was elected as the first President of the company.[11] The company's name was changed to The National City Bank of New York in 1865 after the joining the new U.S. national banking system, and it became the largest American bank by 1895.[11] It became the first contributor to the Federal Reserve Bank of New York in 1913, and the following year it inaugurated the first overseas branch of a U.S. bank in Buenos Aires. The 1918 purchase of U.S. overseas bank International Banking Corporation helped it become the first American bank to surpass $1 billion in assets, and it became the largest commercial bank in the world in 1929.[11] As it grew, the bank became a leading innovator in financial services, becoming the first major U.S. bank to offer compound interest on savings (1921); unsecured personal loans (1928); customer checking accounts (1936) and the negotiable certificate of deposit (1961).[11] Citigroup Center, New-York, by Johan Burati, public domain File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Citigroup Center, New-York, by Johan Burati, public domain File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... The Citigroup Center is one of the largest skyscrapers in New York City, United States, located at 601 Lexington Avenue between 53rd Street and 54th Street in midtown Manhattan. ... State nickname: Empire State Other U.S. States Capital Albany Largest city New York Governor George Pataki Official languages None Area 141,205 km² (27th)  - Land 122,409 km²  - Water 18,795 km² (13. ... is the 167th day of the year (168th in leap years) in the Gregorian calendar. ... For the overture by Tchaikovsky, see 1812 Overture; For the wars, see War of 1812 (USA - United Kingdom) or Patriotic War of 1812 (France - Russia) For the Siberia Airlines plane crashed over the Black Sea on October 4, 2001, see Siberia Airlines Flight 1812 1812 was a leap year starting... A merchant making up the account by Shiatsus Hokusai Merchants function as professionals who deal with trade, dealing in commodities that they do not produce themselves, in order to produce profit. ... is the 257th day of the year (258th in leap years) in the Gregorian calendar. ... The Federal Reserve Bank of New York is the most important of the twelve Federal Reserve Banks of the United States. ... For other uses, see Buenos Aires (disambiguation). ... Compound interest refers to the fact that whenever interest is calculated, it is based not only on the original principal, but also on any unpaid interest that has been added to the principal. ... // This article does not cite any references or sources. ... Unsecured loans are loans that are not guaranteed with any asset, so that the risk of repossession does not exist. ... Example of a Canadian cheque. ... A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks, thrift institutions, and credit unions. ...


The bank changed its name to The First National City Bank of New York in 1955, which was shortened to First National City Bank on the 150th anniversary of the company's foundation in 1962.[11] The company organically entered the leasing and credit card sectors, and its introduction of USD certificates of deposit in London marked the first new negotiable instrument in market since 1888. Later to become MasterCard, the bank introduced its First National City Charge Service credit card - popularly known as the "Everything card" - in 1967.[11] The United States dollar is the official currency of the United States. ... A certificate of deposit or CD is, in the United States, a time deposit, a familiar financial product, commonly offered to consumers by banks, thrift institutions, and credit unions. ... This article is about the capital of England and the United Kingdom. ... MasterCard Worldwide (NYSE: MA) is a multinational corporation based in Purchase, NY in the United States. ... This article is about the payment system. ...


During the mid-1970s, under the leadership of CEO Walter Wriston, First National City Bank (and its holding company First National City Corporation) was renamed as Citibank, N.A. (and Citicorp, respectively). Shortly afterward, the bank launched the Citicard, which pioneered the use of 24-hour ATMs.[11] As the bank's expansion continued, the Narre Warren-Caroline Springs credit card company was purchased in 1981. John S. Reed was elected CEO in 1984, and Citi became a founding member of the CHAPS clearing house in London. Under his leadership, the next 14 years would see Citibank become the largest bank in the United States, the largest issuer of credit cards and charge cards in the world, and expand its global reach to over 90 countries.[11] Chief Executive redirects here. ... Walter Wriston (August 3, 1919 - January 19, 2005) was a financier and former chairman of Citicorp. ... Cash machine redirects here. ... John Shepard Reed is the Chairman of the New York Stock Exchange. ... Chaps are sturdy leather coverings for the legs. ...


Travelers Group

Travelers Group, at the time of merger, was a diverse group of financial concerns that had been brought together under CEO Sandy Weill. Its roots came from Commercial Credit, a subsidiary of Control Data Systems that was taken private by Weill in November 1986 after taking charge of the company earlier that year.[5][12] Two years later, Weill mastered the buyout of Primerica - a conglomerate that had already bought life insurer A L Williams as well as stock broker Smith Barney. The new company took the Primerica name, and employed a "cross-selling" strategy such that each of the entities within the parent company aimed to sell each other's services. Its non-financial businesses were spun-off.[12] Chief Executive redirects here. ... Sandy Weill in the 1970s Sandy Weill (March 16 1933 -) is a financier, philanthropist, and chairman of Citigroup. ... Control Data Corporation (CDC), was one of the pioneering supercomputer firms. ... Primerica Financial Services, a wholly owned subsidiary of Citigroup, is a General Agency with a business model that includes some features of multi-level marketing[1]. Its company headquarters are in Duluth, Georgia. ... Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individuals or individuals death. ... A Stock broker sells or buys stock on behalf of a customer. ... Smith Barney is a division of Citigroup Global Capital Markets Inc. ... Cross-selling is the strategy of pushing new products to current customers based on their past purchases. ... A spin-off (or spinoff) is a new organization or entity formed by a split from a larger one such as a new company formed from a university research group. ...

The corporate logo of Travelers Inc. (1993-1998) prior to merger with Citicorp.

In September 1992 Travelers Insurance, which had suffered from poor real estate investments[5] and sustained significant losses in the aftermath of Hurricane Andrew,[13] formed a strategic alliance with Primerica that would lead to its amalgamation into a single company in December 1993. With the acquisition, the group became Travelers Inc. Property & casualty and life & annuities underwriting capabilities were added to the business.[12] Meanwhile, the distinctive Travelers red umbrella logo, which was also acquired in the deal, was applied to all the businesses within the newly named organization. During this period, Travelers acquired Shearson Lehman - a retail brokerage and asset management firm that was headed by Weill until 1985[5] - and merged it with Smith Barney.[12] Finally, in November 1997, Travelers Group (which had been renamed again in April 1995), made the $9 billion deal to purchase Salomon Brothers, a major bond trader and investment bank.[12] Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... The St. ... Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... Lowest pressure 922 mbar (hPa; 27. ... Underwriting refers to the process that a large financial service provider (bank, insurer, investment house) uses to assess the eligibility of a customer to receive their products like equity capital, insurance or credit to a customer. ... This article deals with Salomon Brothers. ... The bond market, also known as the debit, credit, or fixed income market, is a financial market where participants buy and sell debt securities usually in the form of bonds. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...


Citicorp and Travelers merger

On April 6, 1998, the merger between Citicorp and Travelers Group was announced to the world creating a $140 billion firm with assets of almost $700 billion.[5] The deal would enable Travelers to market mutual funds and insurance to Citicorp's retail customers while giving the banking divisions access to an expanded client base of investors and insurance buyers. is the 96th day of the year (97th in leap years) in the Gregorian calendar. ...

The first logo (1998-2007) of the merged company, incorporating the Travelers' "red umbrella".

Although presented as a merger, the deal was actually more like a stock swap, with Travelers Group purchasing the entirety of Citicorp shares for $70 billion, and issuing 2.5 new Citigroup shares for each Citicorp share. Through this mechanism, existing shareholders of each company owned about half of the new firm.[5] While the new company maintained Citicorp's "Citi" brand in its name, it adopted Travelers' distinctive "red umbrella" as the new corporate logo, which was used until 2007. Image File history File links Citigroup_Logo. ... Image File history File links Citigroup_Logo. ...


The chairmen of both parent companies, John Reed and Sandy Weill respectively, were announced as co-chairmen and co-CEOs of the new company, Citigroup, Inc., although the vast difference in management styles between the two immediately presented question marks over the wisdom of such a setup. John Shepard Reed is the Chairman of the New York Stock Exchange. ... Sandy Weill in the 1970s Sandy Weill (March 16 1933 -) is a financier, philanthropist, and chairman of Citigroup. ...


The remaining provisions of the Glass-Steagall Act - enacted following the Great Depression - forbade banks to merge with insurance underwriters, and meant Citigroup had between two and five years to divest any prohibited assets. However, Weill stated at the time of the merger that they believed "that over that time the legislation will change...we have had enough discussions to believe this will not be a problem".[5] Indeed, the passing of the Gramm-Leach-Bliley Act in November 1999 vindicated Reed and Weill's views, opening the door to financial services conglomerates offering a mix of commercial banking, investment banking, insurance underwriting and brokerage.[14] Two separate United States laws are known as the Glass-Steagall Act. ... The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. ...


Travelers spin off

The current logo for Travelers Companies

The company spun off its Travelers Property and Casualty insurance underwriting business. The spin off was prompted by the insurance unit's drag on Citigroup stock price because Traveler's earnings were more seasonal and vulnerable to large disasters. It was also difficult to sell this kind of insurance directly to customers since most industrial customers are accustomed to purchasing insurance through a broker.


The Travelers Property Casualty Corporation merged with The St. Paul Companies Inc. in 2004 forming The St. Paul Travelers Companies. Citigroup retained the life insurance and annuities underwriting business; however, it sold those businesses to MetLife in 2005. Citigroup still heavily sells all forms of insurance, but it no longer underwrites insurance. MetLife, Inc. ...


Despite their divesting Travelers Insurance, Citigroup retained Travelers' signature red umbrella logo as its own until February 2007, when Citigroup agreed to sell the logo back to St. Paul Travelers,[15] which renamed itself Travelers Companies. Citigroup also decided to adopt the corporate brand "Citi" for itself and virtually all its subsidiaries, except Primerica and Banamex.[15] The Travelers Companies (NYSE: TRV) is the second largest underwriter of commercial property casualty and personal insurance in the United States. ...


On April 11, 2007 Citigroup said it will eliminate 17,000 jobs, or about 5 percent of its workforce, in a broad restructuring designed to cut costs and bolster its long underperforming stock.[16] is the 101st day of the year (102nd in leap years) in the Gregorian calendar. ...


On January 7, 2008 Citigroup announced that it is considering cutting 5 percent to 10 percent of its work force, which totals 327,000.[17] is the 7th day of the year in the Gregorian calendar. ...


Business model

Citigroup and its predecessor companies use the "diversified financial services business model" first invented by Prudential in the late seventies. Simply put, this model attempts to conglomerate many types of finance companies, such as stock brokers, banks, insurance companies, and others. This is done because each of those businesses do better or worse at different times of the business cycle, and so owning all of them balances things out and creates in theory less earnings volatility. This is also done because customers usually use many different kinds of financial products and attempting to convince them to use more products from the same company sells more products more cheaply, compared to those separate companies strictly selling products on their own. Financial services is a term used to refer to the services provided by the finance industry. ... Prudential plc is a United Kingdom based financial services company. ... The business cycle or economic cycle refers to the fluctuations of economic activity about its long term growth trend. ...


During the era of Sandy Weill, much of Citigroup and predecessor's efforts were focused on acquisitions. Much of the efforts were focused in the stock brokerage and investment banking areas, and most of the acquisitions were companies which had recently had problems and were selling at a low price. After the acquisition, the management team would usually engage in aggressive cost cutting to build up cash for the next deal.


Former CEO, Chuck Prince, has said "the day of the transformative deal (merger) is over". This is thought to refer to mega deals like the Citicorp/Travelers merger, as Citigroup continues to acquire. The focus of the company though, is said to have changed to organic revenue growth, that is selling more products instead of focusing on acquisitions and cost cutting alone to increase profit.


Citigroup's 2005 sale of the remainder of Travelers Insurance to MetLife was described by the press as the death knell of the bank-insurance cross-selling model. This is a false analysis though, as Citigroup continues to cross sell insurance, but no longer underwrites it. This focus on selling almost all kinds of financial products, but not necessarily "manufacturing them", is also what prompted Citigroup to recently trade its mutual fund business to Legg Mason in return for more stockbrokers.


Divisions

Citigroup is divided into three major business groups: Global Consumer, Global Wealth Management, Global Services and the newly formed Citi Institutional Clients group (as of October 11, 2007) comprising Citi Markets & Banking (CMB) and Citi Alternative Investments (CAI). [18]


Global Consumer Group

Generating 55% of Citigroup's 2006 revenues, Global Consumer Group comprises four sub-divisions: Cards (credit cards), Consumer Lending Group (Real-Estate Lending, Auto Loans, Student Loans), Consumer Finance, and Retail Banking. Targeting individual consumers as well as small- to medium-sized businesses, GCG offers financial services across its worldwide branch network, including banking, loans, insurance, and investment services. On March 31, 2008, Citigroup announced that it will create 2 new global businesses - Consumer Banking and Global Cards out of the existing Global Consumer Group. This article is about the payment system. ... Consumer finance in the most basic sense of the word refers to any kind of lending to consumers. ... According to investopedia. ...


Citi Cards, CitiFinancial, and Citibank

Citibank Tower night in Lima, Peru.

Citi Cards is responsible for around 40% of the profits with GCG, and represents the largest issuer of credit cards across the world as well as a 3,800-point ATM network across 45 countries. The Consumer Finance division (branded "CitiFinancial") accounts for about 20% of GCG's profits, and offers personal loans and homeowner loans to consumers across its network of 50 branches in 20 countries worldwide.[19] The takeover of Associates First Capital in September 2000 enabled CitiFinancial to expand its reach outside of the United States, particularly capitalizing on Associates' 700,000 customers in Japan and Europe.[20][21] Finally, the retail bank encompasses the Citi's global branch network, branded Citibank. Citibank is the third largest retail bank in the United States, and it has branches in countries throughout the world, with the exception of Mexico, where Citiparner Banamex is the country's largest bank. Citibank is a major international bank, founded in 1812 as the City Bank of New York. ... For other uses, see Lima (disambiguation). ... Cash machine redirects here. ... This article or section does not cite any references or sources. ... Citibank is a major international bank, founded in 1812 as the City Bank of New York. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...


Global Wealth Management

Global Wealth Management divides itself into Citi Private Bank, Citi Smith Barney and Citi Investment Research, and generated 7% of Citigroup's total revenue in 2006.[22] As revenues are predominantly derived from investment income, Global Wealth Management is more sensitive to the direction and level of the equity and fixed-income markets than other divisions of the company.[23] Citi Private Bank provides personalized wealth management services for affluent clients who include many entrepreneurs, families, and senior corporate executives. ...


Citi Private Bank

Citi Private Bank provides banking and investment services to high net worth individuals, private institutions, and law firms. Acting as a gateway to all of Citigroup's products, Citi Private Bank offer traditional investment products and alternative choices, with all clients assigned a Private Banker to personally deal with their portfolio.[24]


Citi Smith Barney

Citi Smith Barney is Citi's global private wealth management unit, providing brokerage, investment banking and asset management services to corporations, governments and individuals around the world. With over 800 offices worldwide, Smith Barney holds 9.6 million domestic client accounts, representing $1.562 trillion in client assets worldwide.[25]


Citi Investment Research

Citi Investment Research is Citi's equities research unit comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, providing macro and quantitative analysis of global markets and sector trends.[25]


Citigroup Global Services

Citigroup Global Services is the Global Processing Center for Citigroup entities across the globe.


Citi Institutional Clients Group

Citi announced on October 11, 2007 the formation of the new Institutional Clients Group comprising Citi Markets & Banking (CMB) and Citi Alternative Investments (CAI) with Vikram Pandit, 50, as its Chairman and CEO.[26] Vikram Pandit was promoted to CEO of the entire company two months later.[9] is the 284th day of the year (285th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Chief Executive redirects here. ...


Citi Markets and Banking

Containing Citi's most market-sensitive divisions, "CMB" is divided into two primary businesses: "Global Capital Markets and Banking" and "Global Transaction Services" (GTS). Global Capital Markets and Banking provides investment- and commercial-banking services covering institutional brokerage, advisory services, foreign exchange, structured products, derivatives, loans, leasing, and equipment finance. Meanwhile, GTS offers cash-management, trade finance and securities services to corporations and financial institutions worldwide.[23] CMB are responsible for around 32% of Citigroup's annual revenues, generating just under US $30 billion in 2006 financial year.[22]


Citi Alternative Investments

Citi Alternative Investments (CAI) is an alternative investment platform that manages assets across five classes - private equity, hedge funds, structured products, managed futures, and real estate. Across 16 "boutique investment centers", it offers various funds or separate accounts that utilize alternative investment strategies, as opposed to the mainstream mutual funds that it recently sold to Legg Mason. CAI manages Citigroup proprietary capital as well as institutional investments from third-parties and high-net-worth investors. As of June 30, 2007, CAI holds US$59.2 billion under capital management,[27] and contributed 7% of Citigroup's 2006 income.[22] Legg Mason, which is headquartered in Baltimore, is a global asset management firm with $969 billion in assets under management around the world. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ...


Brands

Citigroup recently acquired the Egg brand when it purchased Egg Banking plc, the world's largest Internet bank, from Prudential. Its first major act was to cease lending to around 7% of card holders who were condsidered to be undesirable. This also included some who regularly paid off balances in full, claiming this was due to "deteriorating credit profiles" but is widely believed to be due to the low profit margins obtained from responsible borrowers.[28] Citibank is a major international bank, founded in 1812 as the City Bank of New York. ... Banco Nacional de México or Banamex is Mexicos largest bank, belonging to the group that bears its name, Grupo Financiero Banamex. ... For other uses, see Central America (disambiguation). ... A mortgage loan is a loan secured by real property through the use of a mortgage (a legal instrument). ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Citigroup Inc. ... Consumer finance in the most basic sense of the word refers to any kind of lending to consumers. ... Subprime lending (also known as B-paper, near-prime, or second chance lending) is lending at a higher rate than the prime rate. ... An alternative investment is regarded as an investment product other than traditional investments such as stocks, bonds, money markets and/or cash. ... Diners Club International, originally founded as Diners Club, is a credit card company formed in 1950 by Frank X. McNamara, Ralph Schneider and Casey R. Taylor. ... This article is about the payment system. ... Primerica Financial Services (PFS) is the name of a division of Citigroup, which engages in multi-level marketing of financial services, particularly life insurance. ... Smith Barney is a division of Citigroup Global Capital Markets Inc. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... This article is about the payment system. ... Egg Banking plc is a British internet bank, with headquarters in Derby, Dudley and London, England. ... Egg Banking plc is a British internet bank, with headquarters in Derby, Dudley and London, England. ... Prudential plc (LSE: PRU, NYSE: PUK) is a United Kingdom-based financial services company. ...


Real estate

Citigroup EMEA headquarters, Canary Wharf, London
Citigroup EMEA headquarters, Canary Wharf, London

Citigroup's most famous office building is the Citigroup Center, a diagonal-roof skyscraper located in East Midtown, Manhattan, New York City, which despite popular belief is not the company's headquarters building. Citigroup has its headquarters across the street in an anonymous-looking building at 399 Park Avenue (the site of the original location of the City National Bank). The headquarters is outfitted with nine luxury dining rooms, with a team of private chefs preparing a different menu for each day. The management team is on the third and fourth floors above a Citibank branch. Citigroup also leases a building in the TriBeCa neighborhood in Manhattan at 388 Greenwich St, that serves as headquarters for its Investment and Corporate Banking operations and was the former headquarters of the Travelers Group. Image File history File links Size of this preview: 450 × 600 pixelsFull resolution (2304 × 3072 pixel, file size: 2. ... Image File history File links Size of this preview: 450 × 600 pixelsFull resolution (2304 × 3072 pixel, file size: 2. ... The Citicorp Center is a skyscraper at 500 West Madison (between Clinton and Canal) in Chicago, Illinois. ... Download high resolution version (500x668, 88 KB)Citigroup Tower, Canary Wharf, London, England. ... Download high resolution version (500x668, 88 KB)Citigroup Tower, Canary Wharf, London, England. ... Citi Centre is the EMEA[1] headquarters of financial services firm Citi, located in Canary Wharf in Londons Docklands. ... This article needs additional references or sources for verification. ... The Citigroup Center is one of the largest skyscrapers in New York City, United States, located at 601 Lexington Avenue between 53rd Street and 54th Street in midtown Manhattan. ... Midtown Manhattan viewed from the World Trade Center. ... This article is about the borough of New York City. ... New York, New York and NYC redirect here. ... Park Avenue in the Upper East Side (2004) Park Avenue, looking north toward the Metlife building from the Union Square Area Park Avenue (formerly Fourth Avenue) is a wide boulevard that carries traffic north and south in Manhattan in New York City. ... For other uses of the term TriBeCa or Tribeca, see Tribeca (disambiguation). ...


Strategically, all of Citigroup's New York City real estate, excluding the company's Smith Barney division and Wall Street trading division, lies along the New York City Subway's IND Queens Boulevard Line, served by the E and V trains. Consequently, the company's Midtown buildings—including 787 Seventh Avenue, 666 Fifth Avenue, 399 Park Avenue, 485 Lexington, 153 East 53rd Street (Citigroup Center), and Citicorp Building in Long Island City, Queens, are all no more than two stops away from each other. In fact, every company building lies above or right across the street from a subway station served by the E or V. Times Square–42nd Street station entrance The New York City Subway is a rapid transit system owned by the City of New York and leased to the New York City Transit Authority , an affiliate of the Metropolitan Transportation Authority and also known as MTA New York City Transit. ... The Queens Boulevard Line is a fully underground line of the New York City Subway, as part of the IND division. ... The E Eighth Avenue Local is a service of the New York City Subway. ... all terminals shown above The V Sixth Avenue Local is a rapid transit service of the New York City Subway. ... Citicorp Building is a 50 story (201 metres or 658 feet) office tower in Long Island City, Queens just outside of Manhattan. ... Industrial Long Island City, Manhattan Skyline behind. ... The E Eighth Avenue Local is a service of the New York City Subway. ... all terminals shown above The V Sixth Avenue Local is a rapid transit service of the New York City Subway. ...


Chicago also plays home to an architectural beauty operated by Citigroup. Citicorp Center has a series of curved archways at its peak, and sits across the street from major competitor ABN AMRO's ABN AMRO Plaza. It has a host of retail and dining facilities serving thousands of Metra customers daily via the Ogilvie Transportation Center. For other uses, see Chicago (disambiguation). ... The Citicorp Center is a skyscraper at 500 West Madison (between Clinton and Canal) in Chicago, Illinois. ... ABN AMRO (Euronext: AAB, NYSE: ABN) was in the period of 1991 till 2007 one of the largest banks in Europe and had operations in about 63 countries around the world. ... ABN AMRO Plaza is an office building located in the West Loop area of Chicago, Illinois, United States. ... A Metra Train in Ogilvie Transportation Center Metra (officially known as the Northeast Illinois Regional Commuter Railroad Corporation) is a regional rail system that serves the city of Chicago, Illinois, United States and surrounding cities, many of them Chicago suburbs. ... Modern Ogilvie Transportation Center Ogilvie Transportation Center (formally, the Richard B. Ogilvie Transportation Center) is a Chicago, Illinois train station which was in built 1911. ...


Business issues

Image File history File linksMetadata Download high resolution version (515x849, 136 KB) Licensing I, the creator of this work, hereby release it into the public domain. ... Image File history File linksMetadata Download high resolution version (515x849, 136 KB) Licensing I, the creator of this work, hereby release it into the public domain. ... Citigroup Centre Citigroup Centre is a Sydney skyscraper located at 2 Park Street, Sydney in the Sydney CBD. Its build date was 2000 and consists of 50 levels that are mostly of commercial use. ... This article is about the metropolitan area in Australia. ...

Citigroup proprietary government bond trading scandal

Citigroup was criticized for disrupting the European bond market by rapidly selling €11 billion worth of bonds on August 2, 2004 on the MTS Group trading platform, driving down the price, and then buying it back at cheaper prices.[29] The bond market, also known as the debit, credit, or fixed income market, is a financial market where participants buy and sell debt securities usually in the form of bonds. ... is the 214th day of the year (215th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


Regulatory action

On March 23, 2005, the NASD announced total fines of $21.25 million against Citigroup Global Markets, Inc., American Express Financial Advisors and Chase Investment Services regarding suitability and supervisory violations relating to mutual fund sales practices between January 2002 and July 2003. The case against Citigroup involved recommendations and sales of Class B and Class C shares of mutual funds.[30]


On June 6, 2007, the NASD announced more than $15 million in fines and restitution against Citigroup Global Markets, Inc., to settle charges related to misleading documents and inadequate disclosure in retirement seminars and meetings for BellSouth Corp. employees in North Carolina and South Carolina. NASD found that Citigroup did not properly supervise a team of brokers located in Charlotte, N.C., who used misleading sales materials during dozens of seminars and meetings for hundreds of BellSouth employees.[31]


The Terra Securities Scandal

In November 2007 it became public that the Citigroup is heavily involved in the Terra Securities scandal, which involved investments by eight municipalities of Norway in various hedge funds in the United States bond market.[32] The funds were sold by Terra Securities ASA to the municipalities, while the products were delivered by Citigroup. Terra Securities ASA filed for bankrupty November 28, 2007, the day after they received a letter[33] from The Financial Supervisory Authority of Norway announcing withdrawal of permissions to operate. The same letter also stated, "The Supervisory Authority contends that Citigroup's presentation,[34] as well as the presentation from Terra Securities ASA,[35] appears insufficient and misleading because central elements like information about potential extra payments and the size of these are omitted." Map showing the involved municipalities. ... Terra Securities ASA is a Norwegian security company that sells various financial instruments, index options, hedge funds and other investment securities through 78 local savings banks that are members of Terra-Gruppen. ... The Financial Supervisory Authority of Norway (Norwegian: ) is a Norwegian government agency responsible for supervision of fiancial companies within Norway based on law and regulations from Storting, the Norwegian Ministry of Finance and international accounting standards. ...


Political donations

Citigroup is the 16th largest political campaign contributor, out of all organizations, according to the Center for Responsive Politics. Members of the firm have donated over $23,033,490 from 1989-2006, 49% of which went to Democrats and 51% of which went to Republicans. [36] The Center for Responsive Politics is a non-partisan, non-profit research group based in Washington, D.C. that tracks money in politics, and the effect of money on elections and public policy. ...


Ancestor companies

  • City Bank of New York 1812 (founded)
  • Farmers’ Fire Insurance Loan Company 1822
  • Merchants Exchange Bank in the City of New York 1829
  • First National Bank of the City of New York 1863
  • The Travelers Life and Accident Insurance Company 1864
  • Kuhn, Loeb & Co. 1867
  • Charles D. Barney & Co. 1873
  • Ferdinand Salomon 1880
  • Hayden Stone & Co. 1892
  • Rhoades & Co. 1898
  • Shearson Hammill & Co. 1902
  • E.F. Hutton & Co. 1904
  • Salomon Brothers 1910
  • Commercial Credit 1912
  • Carter, Berlind, Potoma & Weill 1960

Citibank is a major international bank, founded in 1812 as the City Bank of New York. ... Kuhn, Loeb & Co. ... E. F. Hutton & Co. ... This article deals with Salomon Brothers. ...

References

  1. ^ BusinessWeek: Citigroup Inc. names Gary Crittenden CFO
  2. ^ a b Citi (2008-01-15). "Full Year 2007 Revenues of $159.7 Billion, Net Income of $3.62 Billion". Press release. Retrieved on 2008-01-21.
  3. ^ a b finance.google.com
  4. ^ a b Top 50 bank holding companies (table). National Information Center (2007-12-31). Retrieved on 2008-03-09.
  5. ^ a b c d e f g h Martin, Mitchell. "Citicorp and Travelers Plan to Merge in Record $70 Billion Deal : A New No. 1: Financial Giants Unite", International Herald Tribune, 1998-04-07. Retrieved on 2007-04-04. 
  6. ^ a b Henderson, Ian. "Citigroup is 'world's largest firm'", 999 Today, 2007-03-30. Retrieved on 2007-04-04. 
  7. ^ Primary Dealers List, Federal Reserve Bank of New York Official Site. Retrieved on April 27, 2007
  8. ^ Dow Jones Industrial Average History. Retrieved on April 27, 2007
  9. ^ a b c Citigroup (2007-12-11). "Citi Board Names Vikram Pandit Chief Executive Officer and Sir Win Bischoff Chairman". Press release. Retrieved on 2007-12-12.
  10. ^ About Citi, Citigroup Official Website. Retrieved 2007-04-04.
  11. ^ a b c d e f g h About Citi - Citibank, N.A., Citigroup Official Website. Retrieved 2007-05-12.
  12. ^ a b c d e About Citi - Primerica Financial Services, Citigroup Official Website. Retrieved 2007-04-04.
  13. ^ Survival Insurance. TIME (2001-06-24). Retrieved on 2007-09-17.
  14. ^ Heakal, Reem (2003-07-16). What Was The Glass-Steagall Act?. Investopedia. Retrieved on 2007-09-13.
  15. ^ a b Citigroup Announces Unified, Global Brand Identity Under "Citi" Name - Citigroup Press Release, 2007-02-13
  16. ^ Citigroup to Slash 17,000 jobs. Yahoo News, April 11, 2007.
  17. ^ Citi mulls cutting work force by 5 to 10 percent: report. Reuters, January 7, 2008.
  18. ^ "Citi Forms Institutional Clients Group", [[Citigroup Inc. (NYSE: C) ]], 2007-10-11. Retrieved on 2007-10-21. 
  19. ^ CitiFinancial - About us. CitiFinancial UK. Retrieved on 2007-09-13.
  20. ^ Citigroup to Acquire Associates First Capital Corporation. Citigroup Press Release (2000-09-06). Retrieved on 2007-09-13.
  21. ^ CitiFinancial: Who We Are: Our History. CitiFinancial. Retrieved on 2007-09-13.
  22. ^ a b c Citigroup Annual Report, 2006
  23. ^ a b Braden, Frank. "A Compelling Case for Citigroup", Business Week, 2007-04-17. Retrieved on 2007-09-13. 
  24. ^ Citi Private Bank: Welcome. Retrieved on 2007-09-13.
  25. ^ a b Citigroup - Our Businesses. Citigroup. Retrieved on 2007-09-13.
  26. ^ Citigroup (10-11-2007). "Citi Forms Institutional Clients Group". Press release. Retrieved on 2007-10-11.
  27. ^ Overview of CAI. Citi Alternative Investments. Retrieved on 2007-09-13.
  28. ^ http://news.bbc.co.uk/1/hi/business/7224268.stm
  29. ^ Under Pressure, Citigroup Climbs Down on Govie Trade euroweek.com. Retrieved March 7, 2007
  30. ^ NASD News Release
  31. ^ NASD regulatory action finra.org Retrieved Sept. 19, 2007
  32. ^ Mark Landler: "U.S. Credit Crisis Adds to Gloom in Arctic Norway" New York Times, December 2, 2007 (Retrieved on December 14, 2007)
  33. ^ Letter from The Financial Supervisory Authority of Norway to Terra Securities ASA (2007-11-27). Forhåndsvarsel om tilbakekall av tillatelse. (Norwegian). (Retrieved on December 14, 2007)
  34. ^ "Citigroup Municipal Investors TOB Capital Municipal Portfolio" (document discussed in "Letter from The Financial Supervisory Authority of Norway to Terra Securities ASA (2007-11-27). Forhåndsvarsel om tilbakekall av tillatelse.")
  35. ^ "Terra Securities – Kommune fond linket obligasjon" (document discussed in "Letter from The Financial Supervisory Authority of Norway to Terra Securities ASA (2007-11-27). Forhåndsvarsel om tilbakekall av tillatelse.")
  36. ^ Donor Profiles
  • Tearing Down the Walls by Monica Langley ISBN 0-7432-4726-4
  • Yahoo! - Citigroup Inc. Company Profile
    • C: Star Analysts for CITIGROUP - Yahoo! Finance
  • Citigroup Reaches Settlement on WorldCom Class Action Litigation for $1.64 Billion After-Tax

See SEC - Company Information: CITIGROUP INC 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 15th day of the year in the Gregorian calendar. ... For information on Wikipedia press releases, see Wikipedia:Press releases. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 21st day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 68th day of the year (69th in leap years) in the Gregorian calendar. ... The International Herald Tribune is a widely read English language international newspaper. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... April 7 is the 97th day of the year in the Gregorian calendar (98th in leap years). ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 94th day of the year (95th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 89th day of the year (90th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 94th day of the year (95th in leap years) in the Gregorian calendar. ... is the 117th day of the year (118th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 117th day of the year (118th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 345th day of the year (346th in leap years) in the Gregorian calendar. ... For information on Wikipedia press releases, see Wikipedia:Press releases. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 346th day of the year (347th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 94th day of the year (95th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 132nd day of the year (133rd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 94th day of the year (95th in leap years) in the Gregorian calendar. ... “TIME” redirects here. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... is the 175th day of the year (176th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 260th day of the year (261st in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... is the 197th day of the year (198th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 256th day of the year (257th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 44th day of the year in the Gregorian calendar. ... is the 101st day of the year (102nd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 7th day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 284th day of the year (285th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 294th day of the year (295th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 256th day of the year (257th in leap years) in the Gregorian calendar. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... is the 249th day of the year (250th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 256th day of the year (257th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 256th day of the year (257th in leap years) in the Gregorian calendar. ... BusinessWeek is a business magazine published by McGraw-Hill. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 107th day of the year (108th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 256th day of the year (257th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 256th day of the year (257th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 256th day of the year (257th in leap years) in the Gregorian calendar. ... For information on Wikipedia press releases, see Wikipedia:Press releases. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 284th day of the year (285th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 256th day of the year (257th in leap years) in the Gregorian calendar. ... is the 66th day of the year (67th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 331st day of the year (332nd in leap years) in the Gregorian calendar. ... Monica Langley is a sensationalist writer at The Wall Street Journal. ...

See also Citigroup, and Yahoo! is the 308th day of the year (309th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... is the 63rd day of the year (64th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

  • January 20, 2005 - Earnings Conference Call (Q3 2004) (press release)(slides) (audio)
  • 14 October 2004 - Earnings Conference Call (Q3 2004) (slides) (audio)
  • 15 July 2004 - Earnings Conference Call (Q2 2004) (slides) (audio)
  • 20 October 2003 - Earnings Conference Call (Q3 2003) (slides) (audio) (*exclusive, last call with Sandy Weill)
  • 31 January 2005 - MeeLife to Acquire Travelers Life & Annuity (presentation) (audio)

is the 20th day of the year in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 287th day of the year (288th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... is the 196th day of the year (197th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... is the 293rd day of the year (294th in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Sandy Weill in the 1970s Sandy Weill (March 16 1933 -) is a financier, philanthropist, and chairman of Citigroup. ... is the 31st day of the year in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...

External links

  • Company website
Banco Nacional de México or Banamex is Mexicos largest bank, belonging to the group that bears its name, Grupo Financiero Banamex. ... Citibank is a major international bank, founded in 1812 as the City Bank of New York. ... Citigold is the wealth management Division of Citibank, part of Citigroup. ... Citi Private Bank provides personalized wealth management services for affluent clients who include many entrepreneurs, families, and senior corporate executives. ... Diners Club International, originally founded as Diners Club, is a credit card company formed in 1950 by Frank X. McNamara, Ralph Schneider and Casey R. Taylor. ... Egg Banking plc is a British internet bank, with headquarters in Derby, Dudley and London, England. ... Primerica Financial Services, a wholly owned subsidiary of Citigroup, is a General Agency with a business model that includes some features of multi-level marketing[1]. Its company headquarters are in Duluth, Georgia. ... This article deals with Salomon Brothers. ... Smith Barney is a division of Citigroup Global Capital Markets Inc. ... Quilter is UK-based company with 18,000 clients and 300 staff based in the UK, Ireland and Channel Islands. ... Vikram Pandit served as the president and chief operating officer of the Institutional Securities and Investment Banking Group at Morgan Stanley where he was responsible for the overall management of the group and focused on the trading, sales and infrastructure aspects of the business. ... Prince Al-Walid bin Talal bin Abdul Aziz Al Saud, born 7 March 1955 (Arabic: الوليد بن طلال بن عبد العزيز آل سعود) and commonly known as Prince Al-Walid, is a member of the Saudi Royal Family, and an entrepreneur and international investor. ... Robert Edward Rubin (born August 29, 1938) is the Chairman of Citigroup. ... Sir Win Bischoff Sir Winfried Franz Wilhen Bischoff, often known as Win Bischoff (born 1941), is the interim CEO for Citigroup after Chuck Prince announced his retirement on November 4th, 2007[1][2]. He was born in Aachen, Germany and had an early education in Cologne and Düsseldorf. ... Gary Crittenden (born 1953) is the Chief Financial Officer of Citigroup, succeeding Sallie Krawcheck from 12 March 2007. ... Sallie Krawcheck was formerly a highly respected equities analyst for Sanford Bernstein. ... William R. Rhodes (Bill) is the Chairman of Citicorp. ... There are very few or no other articles that link to this one. ... Sanford I. Weill, commonly known as Sandy Weill (born March 16, 1933) is a banker, financier and philanthropist. ... For other persons named Charles Prince, see Charles Prince (disambiguation). ... James Jamie Dimon (born March 13, 1956) became CEO of JPMorgan Chase & Co. ... Ahmed Fahour is an Australian of Syrian Muslim descent,[1] and is the Chief Executive Officer of the Australian operations of the National Australia Bank (NAB). ... Stanley Fischer, Governor of the Bank of Israel Stanley Fischer (Hebrew: סטנלי פישר) is an economist and the current Governor of the Bank of Israel. ... Lewis Glucksman (December 22, 1925 — July 5, 2006) was a former Lehman Brothers trader and former chief executive officer of Lehman Brothers, Kuhn, Loeb Inc. ... Thomas W. Jones (1949 - ) Mr. ... Victor J. Menezes (May 14, 1949 - ) is an engineer and banker, who acts as a top official in international financial organizations. ... Samuel Osgood (February 3, 1747– August 12, 1813) was an American merchant and statesman from Andover, Massachusetts. ... John Shepard Reed is the Chairman of the New York Stock Exchange. ... James Stillman Rockefeller (June 8, 1902 - August 10, 2004) was a member of the prominent U.S. Rockefeller family. ... William Rockefeller (May 31, 1841-June 24, 1922), American financier, was a cofounder of the prominent United States Rockefeller family. ... Moses Taylor (January 11, 1806 - May 23, 1882) was a 19th century New York merchant and banker and one of the wealthiest men of that century. ... ... Walter Wriston (August 3, 1919 – January 19, 2005) was a banker and former chairman of Citicorp. ... For other uses, see Corporation (disambiguation). ... Chairman of the Board redirects here. ... C Michael Armstong (born 18 October 1938, in Detroit, Michigan) is the former AT&T chairman and CEO, who tried to reestablish AT&T as an end-to-end carier. ... Alain J. P. Belda has been the Chairman of the Board and Chief Executive Officer of Alcoa since Janaury 2001. ... George David is the Chairman and Chief Executive Officer of United Technologies Corporation. ... Kenneth T. Derr is a member of the board of directors of the Halliburton Company. ... John Deutch John Mark Deutch (born July 27, 1938) was Director of Central Intelligence (DCI) from May 10, 1995 until December 14, 1996. ... Roberto Hernández Ramírez (b. ... This article or section does not cite its references or sources. ... Klaus Kleinfeld Klaus Kleinfeld (born November 6, 1957 in Bremen, Germany) was chief executive officer (CEO) of Siemens AG from 2005 till July 2007. ... Andrew Liveris is a Greek-Australian-American executive from Australia and is the Chairman, CEO and President of The Dow Chemical Company based in the United States. ... Anne M. Mulcahy is chairman of the board and chief executive officer of Xerox Corporation, Stamford, Conn. ... Richard Parsons (born April 4, 1948), is the chairman and CEO of Time Warner. ... For other persons named Charles Prince, see Charles Prince (disambiguation). ... Judith Rodin (born 1944) Ph. ... Robert Edward Rubin (born August 29, 1938) is an American financier and businessman who served as the 70th United States Secretary of the Treasury during President Clintons administration. ... Principal occupation: Consultant, TFF Study Group, a nonprofit institution assisting development in South Africa, since 1996; Chairman, September 11 Fund since 2001. ... Sanford I. Weill, commonly known as Sandy Weill (born March 16, 1933) is a banker, financier and philanthropist. ... The United States dollar is the official currency of the United States. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... The Tokyo Stock Exchange ), or TSE, is one of the largest stock exchange markets in the world by monetary volume located in Tokyo, Japan, second only to the New York Stock Exchange. ... Image File history File links This is a lossless scalable vector image. ... Linear graph of the DJIA from 1901 until today Logarithmic graph of the DJIA from 1901 until today The Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, or informally the Dow Jones or The Dow) is one of several stock market indices created by nineteenth-century... 3M Company (NYSE: MMM), formerly Minnesota Mining and Manufacturing Company until 2002, is an American corporation with a worldwide presence. ... This article is about the company. ... American Express (NYSE: AXP), sometimes known as AmEx or Amex, is a diversified global financial services company, headquartered in New York City. ... American International Group, Inc. ... This article is about the current AT&T. For the 1885-2005 company, see American Telephone & Telegraph. ... Bank of America (NYSE: BAC TYO: 8648) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ... The Boeing Company (NYSE: BA, TYO: 7661) is a major aerospace and defense corporation, originally founded by William Edward Boeing. ... Caterpillar Inc. ... Chevron Corporation (NYSE: CVX) is one of the worlds largest global energy companies. ... The Coca-Cola Company (NYSE: KO) is one of the largest manufacturers, distributors and marketers of nonalcoholic beverage concentrates and syrups in the world. ... This article is about E.I. du Pont de Nemours and Company. ... For other uses, see Exon (disambiguation). ... “GE” redirects here. ... General Motors Corporation, also known as GM, is a multinational corporation headquartered in the United States and has been the worlds most dominant automaker since 1931. ... The Hewlett-Packard Company (NYSE: HPQ), commonly known as HP, is a very large, global company headquartered in Palo Alto, California, United States. ... The Home Depot (NYSE: HD), headquartered in Atlanta, Georgia, is a big-box home improvement retailer that aims for both the do-it-yourself consumer and the professional in home improvement and construction. ... Intel redirects here. ... For other uses, see IBM (disambiguation) and Big Blue. ... Johnson & Johnson (NYSE: JNJ) is a global American pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. ... JPMorgan Chase (NYSE: JPM) is one of the oldest financial services firms in the world. ... McDonalds Corporation (NYSE: MCD) is the worlds largest chain of fast-food restaurants, primarily selling hamburgers, chicken, french fries, milkshakes and soft drinks. ... Merck & Co. ... Microsoft Corporation, (NASDAQ: MSFT, HKSE: 4338) is a multinational computer technology corporation with global annual revenue of US$44. ... Pfizer Incorporated (NYSE: PFE) is a major pharmaceutical company, which ranks number one in the world in sales[2]. The company is based in New York City. ... Procter & Gamble Co. ... United Technologies Corporation (UTC) (NYSE: UTX) is a multinational corporation based in Hartford, Connecticut, USA, and is the 20th largest U.S. manufacturer. ... Verizon Communications, Inc. ... Wal-Mart Stores, Inc. ... Disney redirects here. ... Philip Morris redirects here. ... AT&T (formerly an abbreviation for American Telephone and Telegraph) Corporation (NYSE: T) is an American telecommunications company. ... The American Tobacco Company was founded in 1890 by J. B. Duke as a merger between a number of tobacco manufacturers including Allen and Ginter. ... Bethlehem Steel Corporations flagship manufacturing facility in Bethlehem, Pennsylvania, in the United States. ... Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ... Eastman Kodak Company (NYSE: EK) is an American multinational public company which produces photographic materials and equipment. ... General Foods, formerly shorthand for the General Foods Corporation, is now a brand of Kraft Foods. ... Goodyear Tire and Rubber Company was founded in 1898 by Frank Seiberling. ... Honeywell Heating Specialties Company Stock Certificate dated 1924 signed by Mark C. Honeywell - courtesy of Scripophily. ... International Paper (NYSE: IP) is an American pulp and paper company, the largest pulp and paper company in the world and the largest private owner of timberland in the United States. ... link titleJohns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality building and specialty products. ... Also see: Kelvinator and American Motors Corporation Nash Motors was an automobile manufacturer based in Kenosha, Wisconsin in the United States from 1916 to 1938. ... It has been suggested that International Harvester be merged into this article or section. ... The North American Company was a former holding company headquartered in Chicago, Illinois. ... Sears, Roebuck and Company is an American mid-range chain of international department stores, founded by Richard Sears and Alvah Roebuck in the late 19th century. ... Union Carbide Corporation (Union Carbide) is one of the oldest chemical and polymers companies in the United States, and currently has more than 3,800 employees. ... The United States Rubber Company was a rubber manufacturer founded by Charles R. Flint in 1892. ... For formerly affiliated and similarly named companies, see Woolworth (disambiguation). ... Investment banks help companies and governments (or their agencies) raise money by issuing and selling securities in the capital markets (both equity and debt). ... ABN AMRO (Euronext: AAB, NYSE: ABN) was in the period of 1991 till 2007 one of the largest banks in Europe and had operations in about 63 countries around the world. ... Banc of America Securities LLC (BAS) is the investment banking subsidiary of Bank of America. ... BMO redirects here. ... Barclays Capital is the investment banking division of Barclays Bank plc. ... The Bear Stearns Companies, Inc. ... BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. ... Commerzbank AG (DAX: CBK) is the second-largest bank in Germany (after Deutsche Bank) and headquartered in Frankfurt am Main. ... CIBC World Markets, is the investment banking division of the Canadian Imperial Bank of Commerce. ... The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. ... Deutsche Bank AG (pronounced [2]) (ISIN: DE0005140008, NYSE: DB) (literal translation - German Bank) is a leading global investment bank with a broad private clients franchise, headquartered in Frankfurt, Germany. ... Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of the Allianz Group since July 2001. ... The Goldman Sachs Group, Inc. ... Houlihan Lokey is a Los Angeles-headquartered investment bank that advises middle-market and large public and private companies. ... HSBC Holdings plc (traditional Chinese: ; pinyin: ) (LSE:HSBA, SEHK: 0005, NYSE: HBC, Euronext: HSBC, BSX: 1077223879), or The Hongkong and Shanghai Banking Corporation Holdings plc, is the worlds largest corporation and the worlds largest bank, as calculated by the annual Forbes list of the worlds largest firms... JPMorgan Chase (NYSE: JPM) is one of the oldest financial services firms in the world. ... Lazard Ltd. ... Lehman Brothers Holdings Inc. ... Macquarie Bank Limited is an Australian merchant bank and financial services group, providing a broad range of products and services to investors, corporations and government. ... Mediobanca was a company founded by Enrico Cuccia in 1946 to facilitate the post-WW2 reconstruction of Italian industry. ... Merrill Lynch & Co. ... Mizuho Corporate Bank Head Office in Marunouchi, Tokyo Mizuho Corporate Bank, Ltd. ... Morgan Stanley (NYSE: MS) is one of the largest and the most reputed investment banks headquartered in New York City. ... N. M. Rothschild and Sons, or simply Rothschild, is the investment bank company of the Rothschild family. ... Nomura Securities Co. ... Rabobank is a Dutch cooperative banking institution with offices all over the world, although primarily in the Netherlands. ... Raymond James is a regional financial services company based in the United States. ... The Royal Bank of Scotland Plc (Scottish Gaelic: [1]) is one of the retail banking subsidiaries of Royal Bank of Scotland Group plc, which together with NatWest, provides branch banking facilities in the United Kingdom. ... RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada (RBC). Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC: Canada: RBC Dominion Securities Inc Europe: RBC Europe Limited US: RBC Capital Markets Corp and RBC Dain Rauscher Inc RBC Capital... Société Générale (Euronext: GLE) is one of the main European financial services companies and also maintains extensive activities in others parts of the world. ... Thomas Weisel Partners Group, Inc. ... The UBS Tower in Chicago (photo by Krzysztof Makara) UBS AG (NYSE: UBS; SWX: UBSN; TYO: 8657) is a diversified global financial services company, with its main headquarters in Basel & Zürich, Switzerland. ... For Moravian settlements in North Carolina, see Wachovia, North Carolina. ... This article does not cite any references or sources. ... A bank holding company is a company that owns two or more banks. ... Associated Banc-Corp is a bank holding company headquartered in Green Bay, Wisconsin. ... Bank of the West is the fifth-largest general services bank headquartered in California. ... Bank of America (NYSE: BAC TYO: 8648) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ... The Bank of New York Mellon Corporation (NYSE: BK), is a global financial services company formed on 2 July 2007 as result of the merger of The Bank of New York and Mellon Financial Corporation. ... BBVA headoffice building in Bilbao. ... The BB&T Corporation (NYSE: BBT) is one of Americas largest banks, offering full-service commercial and retail banking services along with other financial services like insurance, investments, retail brokerage, mortgage, corporate finance, consumer finance, payment services, international banking, leasing, and trust. ... BOK Tower BOK Financial Corporation (BOKF) NASDAQ: BOKF, based in Tulsa, Oklahoma, is a financial services company in the West South Central States region of the United States. ... Capital One Financial Corp. ... Citizens Financial Group, Inc. ... City National Bank, headquartered in Beverly Hills, California, is owned by City National Corporation (NYSE: CYN) with total assets of $15. ... Colonial Bancgroup Inc. ... Comerica Incorporated NYSE: CMA is a financial services company headquartered in Dallas, Texas. ... Commerce Bancorp is a Cherry Hill, New Jersey based bank holding company that offers banking, insurance, brokerage, and investment banking services in New Jersey, Pennsylvania, New York, Delaware, and Connecticut. ... This article is about the bank headquartered in Kansas City, Missouri. ... Fifth Third Bank (5/3 Bank) is a U.S. regional banking corporation, headquartered in Cincinnati, Ohio. ... First BanCorp is a financial holding company located in San Juan, Puerto Rico which offers a full range of financial services in Puerto Rico, US Virgin Islands, the British Virgin Islands, and in the State of Florida through its wholly-owned subsidiaries. ... First Citizens BancShares, Incorporated is a bank holding company headquartered in Raleigh, North Carolina. ... First Horizon National Corporation NYSE: FHN is a large banking company based in Memphis, Tennessee. ... First National of Nebraska is an interstate bank holding company; the largest banks it owns are First National Bank of Omaha, First National of Colorado, First National Bank of Kansas and First National Bank South Dakota. ... Harris Bank was founded by Norman Wait Harris. ... HSBC Holdings PLC (NYSE: HBC), (LSE: HSBA), (HKSE: 005), (Euronext: HSBC), is one of the largest banking groups in the world. ... The Huntington Center and Building in Downtown Columbus Huntington Bancshares Inc. ... JPMorgan Chase (NYSE: JPM) is one of the oldest financial services firms in the world. ... Key Bank is a bank headquartered in the Key Tower in Cleveland, Ohio. ... M&T Bank (NYSE: MTB) is an American bank. ... Marshall & Ilsley Corporation is a Fortune 500 company based in Milwaukee, Wisconsin, and founded in 1847. ... National City Corporation (NYSE: NCC), based in Cleveland, Ohio, is one of the ten largest banks in America in terms of deposits. ... New York Community Bank is the banking division of the pubicly traded company New York Bancorp. ... New York Private Bank & Trust Corporation is a bank holding company headquartered in New York City. ... Northern Trust Corporation NASDAQ: NTRS is a financial services company, headquartered in Chicago, providing fiduciary, banking and investment services for individuals and credit, operating, custody, trust and investment management services for organizations. ... PNC Financial Services (NYSE: PNC) is a U.S.-based financial services corporation, with assets of $92. ... Popular, Inc. ... The Royal Bank of Canada (TSX: RY) (NYSE: RY) is Canadas largest chartered bank. ... Regions Financial Corporation NYSE: RF is a publicly held company based in Birmingham, Alabama, with the corporate headquarters at the Regions Center. ... “STT” redirects here. ... SunTrust Headquarters at SunTrust Plaza in Atlanta, GA. SunTrust Banks, Inc. ... Synovus is a financial services company with over $21 billion in assets. ... Deutsche Bank AG (ISIN: DE0005140008, NYSE: DB) (German for German Bank) is a multinational bank operating worldwide and employing more than 67,400 people (January, 2007). ... TCF Financial Corporation (NYSE: TCB) is a financial services holding company based in Wayzata, Minnesota, USA. The holding company consists of several wholly owned subsidiaries; among them is TCF Bank. ... The companys logo TD Banknorth, formerly Banknorth, is a 100%-owned subsidiary of Toronto-Dominion Bank. ... It has been suggested that Firstar Corporation be merged into this article or section. ... UnionBanCal Corporation (NYSE: UB) is a bank holding company in San Francisco, California. ... The Westernbank logo. ... For Moravian settlements in North Carolina, see Wachovia, North Carolina. ... Webster Bank is a bank based based out of Waterbury, Connecticut. ... An older Wells Fargo branch, located in Berkeley, California Wells Fargos corporate headquarters and main branch Wells Fargo & Co. ... Zions Bancorporation (NASDAQ: ZION) is a member of the S&P 500, a bank holding company headquartered Salt Lake City, Utah. ...

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Citi Private Bank: Welcome (160 words)
Citi has been named the "Best Bank in Singapore" and the "Best Bank in Asia" by Euromoney in their 2007 awards.
"Citi Private Bank" is a business of Citigroup Inc. ("Citigroup"), which provides its clients access to a broad array of products and services available through bank and non-bank affiliates.
In the U.S., brokerage services may be provided by Citigroup Global Markets Inc. ("CGMI"), member SIPC and an affiliate of Citibank, N.A. Outside the U.S., brokerage services may be provided by other Citigroup affiliates.
Citigroup - Home (239 words)
Citigroup is one of the largest financial services companies in the world with around 120 million customers in more than 100 countries.
Citigroup Corporate & Investment Banking is seeking outstanding candidates currently in their final year of study at university to join our Graduate Programs in Equities, Fixed Income and Investment Banking in 2007.
Citigroup Corporate and Investment Banking is seeking outstanding candidates in their penultimate year of study to join our Summer Internship Program in our Sydney office.
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