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Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank , and Travelers ; Travelers was spun off from the company in 2002.
Currently, the two buildings comprise the global headquarters of financial services corporation Citigroup. 388 Greenwich stands about ten blocks north of the World Trade Center site and is among TriBeCa's tallest. Like many other office buildings in Manhattan, 388 Greenwich Street contains a fitness center, full-service dining facilities, a ...
In April 1998, the Travelers Group merged with Citicorp to form Citigroup. [14] However, the synergies between the banking and insurance arms of the company did not work as well as planned, so Citigroup spun off Travelers Property and Casualty into a subsidiary company in 2002, [18] although it kept the red umbrella logo.
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price.. About 20,000 employees will be let go over the “medium term,” New ...
Citigroup then leased its headquarters from Boston Properties through 2017. After the September 11 attacks damaged much of their headquarters at Brookfield Place , Lehman Brothers leased 400,000 square feet (37,000 m 2 ) in the building until their 2008 bankruptcy . [ 4 ]
The Citigroup Center (formerly Citicorp Center and also known by its address, 601 Lexington Avenue) is an office skyscraper in the Midtown Manhattan neighborhood of New York City. Built in 1977 for Citibank , it is 915 feet (279 m) tall and has 1.3 million square feet (120,000 m 2 ) of office space across 59 floors.
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Citibank (Hong Kong)'s address of the principal place of business is Citi Tower, One Bay East, No. 83 Hoi Bun Road, Kwun Tong, Kowloon. [2] However, Citibank, N.A. Hong Kong branch office is located on the 50th floor of Champion Tower, 3 Garden Road, Central, Hong Kong which doesn't operate retail banking.