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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.
Citibank, N.A. ("N. A." stands for "National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation. [2] Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. [3] The bank has branches in 19 countries.
Jane Fraser (born 13 July 1967) is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. [1] [2] Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004.
A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues.
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 was for decades a top underwriter of state and local government debt, making the bank a major financier of roads, bridges, and airports across the US.Now it wants out of that business ...
The following year of 2003, Weill sold 5.6 million shares of Citigroup stock back to the financial institution itself for nearly $264 million and semi-retired, relinquishing the title of chief executive officer (CEO) to Charles O. ("Chuck") Prince (born 1950), who however only served for the next few years, stepping down himself as both CEO and ...
The following is a list of chairmen and presidents of what is now Citigroup—the person or persons who were ultimately responsible for the company since its founding in 1812. The highest office in the company was the president until 1909, when James J. Stillman became the first chairman.
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