Citigroup Inc.

Citigroup Inc. (Citi) Overview

Headquarters: New York City, USA
CEO: Jane Fraser (as of 2024)
Founded: 1812 (as City Bank of New York)
Industry: Banking, Financial Services, Investment Banking
Stock Symbol: C (NYSE)


Key Facts About Citigroup

  • One of the Largest U.S. Banks: Over $2.4 trillion in assets, ranking among the top financial institutions.
  • Global Presence: Operates in more than 95 countries, making it one of the most internationally focused U.S. banks.
  • Diverse Services: Offers retail banking, corporate banking, credit cards, wealth management, and investment banking.
  • Strong Credit Card Business: Manages some of the largest credit card partnerships, including Costco, American Airlines, and AT&T.
  • Digital Transformation: Expanding digital banking services and AI-driven financial solutions.

Major Business Divisions

  1. Personal Banking & Wealth Management (PBWM): Consumer banking, credit cards, and wealth management services.
  2. Institutional Clients Group (ICG): Corporate and investment banking, capital markets, and risk management.
  3. Markets & Securities Services: Trading in equities, fixed income, commodities, and currencies.
  4. Legacy Franchises: Managing businesses Citi is exiting, including consumer banking in certain international markets.

Recent Developments & Achievements

  • CEO Jane Fraser’s Restructuring Plan: Citi is undergoing a major reorganization to improve efficiency and profitability.
  • Exiting Non-Core Markets: Scaling back consumer banking operations in some international markets to focus on institutional clients.
  • Sustainability Goals: Committed to achieving net-zero emissions by 2050 and financing $1 trillion in sustainable investments.
  • Stock Performance: Citi remains a key player in global finance, with strong institutional banking operations.

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