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Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, 1998. Citigroup Inc. has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide through a network of about 16,000 home based and international offices. Citigroup is the third largest bank holding company in the US with $2,002,213,000 assets. It’s headquarter is in New York. It has succeeded to establish its branches in different parts of the world. It has spreads in the place like Australia, Bangladesh, Indonesia, Puerto Reco,Jamaica, Zambia(in Africa),Austria, United Arab emirates, Poland and of course in its own country New York. Citi is established in different brands including Citi bank, Citi Financial, CitiMortgage and Smith Barney. Its largest shareholders include funds from the Middle East and Singapore. The citigroup offers insurance,credit card and investment products to its clients. Their online services division is among the most successful in the field, claiming about 15 million users. The citigroup provides the facilities of the automated teller machine,credit cards and automated banking card.Citigroup is one of the Big Four Banks in the United States, along with Bank of America, JP Morgan Chase and Wells Fargo.
Citi group have two major branches. They are Citicorp and Citi Holdings.
a. Citi Corp:It fulfills the banking needs of the institutional clients ,provides the transaction services, securities and fund management, market making solutions, underwriting and corporation loans and so on.
b. Citi Holdings:This branch of citigroup is now engaged in brokerage and asset management.
Citi’s financial experts are pleased to offer the full range of retail banking services, including checking and savings accounts, an online banking channel and a call center available 24/7; the full range of credit and debit cards, including credit cards for small businesses, financial need analysis, individual retirement accounts, investment and private banking services, personal, student and auto loans, mortgage loans, and commercial real estate loans to their individuals clients. Citi Group’s investment banking division provides financial advisory and capital raising services to corporations, financial and state institutions, as well as mergers and acquisitions supervision and advisory, restructuring solutions, and equity management. Citi’s corporate banking business provides cash and foreign exchange management, trade finance and custody clearing and loans to large international corporations. The group’s commercial banking unit caters for the banking needs of small and medium sized enterprises, providing them with a wide range of financial services including working capital management, commercial lending, foreign exchange and currency hedging services, market investments, etc.
Citi group have two major branches. They are Citicorp and Citi Holdings.
a. Citi Corp:It fulfills the banking needs of the institutional clients ,provides the transaction services, securities and fund management, market making solutions, underwriting and corporation loans and so on.
b. Citi Holdings:This branch of citigroup is now engaged in brokerage and asset management.
Citi’s financial experts are pleased to offer the full range of retail banking services, including checking and savings accounts, an online banking channel and a call center available 24/7; the full range of credit and debit cards, including credit cards for small businesses, financial need analysis, individual retirement accounts, investment and private banking services, personal, student and auto loans, mortgage loans, and commercial real estate loans to their individuals clients. Citi Group’s investment banking division provides financial advisory and capital raising services to corporations, financial and state institutions, as well as mergers and acquisitions supervision and advisory, restructuring solutions, and equity management. Citi’s corporate banking business provides cash and foreign exchange management, trade finance and custody clearing and loans to large international corporations. The group’s commercial banking unit caters for the banking needs of small and medium sized enterprises, providing them with a wide range of financial services including working capital management, commercial lending, foreign exchange and currency hedging services, market investments, etc.
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