Citigroup Inc., commonly known as Citi, is one of the largest and most prominent global financial services companies. Headquartered in New York City, Citi operates in over 160 countries, offering a broad range of financial products and services to individuals, businesses, governments, and institutions. Key aspects of Citigroup include:
Core Businesses:
-
Global Consumer Banking (GCB):
- Retail banking services, including credit cards, savings accounts, personal loans, and mortgages.
- Operates in major regions like North America, Asia, Latin America, and Europe.
-
Institutional Clients Group (ICG):
- Investment banking, treasury and trade solutions, markets and securities services, and corporate lending.
- Serves multinational corporations, financial institutions, and public-sector organizations.
-
Wealth Management:
- Offers financial advisory services, portfolio management, and investment products to high-net-worth individuals and families.
- Includes Citi Private Bank and Citigold services.
-
Treasury and Trade Solutions (TTS):
- Focuses on cash management and cross-border payments for businesses and governments.
-
Citi Cards:
- One of the world’s largest credit card issuers, offering a variety of credit card products.
Key Facts:
- History: Founded in 1812 as the City Bank of New York, it became Citigroup in 1998 after merging with Travelers Group.
- Global Reach: With operations in nearly every region of the world, Citi is known for its extensive international presence.
- Leadership: Jane Fraser became CEO in 2021, the first woman to lead a major Wall Street bank.
- Technology Focus: Citi is heavily investing in digital banking and financial technology to enhance its offerings and compete in the evolving global financial landscape.
Citi is recognized for its deep global footprint and is particularly known for its expertise in international transactions and services.