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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 National Association, United Arab Emirates (Arabic: سيتي بنك) commonly known as Citibank U.A.E., [4] is a franchise subsidiary of Citigroup, [5] a multinational financial services corporation headquartered in New York City, United States. Citi U.A.E. is connected by a network spanning 98 markets across the world.
Citi Private Bank is the private banking division of Citibank; it provides banking services to high-net-worth individuals, family offices, law firms, and other institutions.
In 2005, Federated Department Stores, now Macy's, Inc., sold its consumer credit portfolio to Citigroup, which reissued its cards under the name Department Stores National Bank (DSNB). [44] [45] As of 2013, Citibank employed 2,900 people in Sioux Falls, South Dakota, and contributed to the state holding more bank assets than any other state. [46]
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 ]
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.
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 ...
Citibank Singapore Limited is a division of Citibank N.A. of the United States and incorporated in Singapore on 28 June 2004. Its parent was awarded Qualifying Full Bank (QFB) status on 20 October 1999, and this status was transferred to the Singapore division on the day of its incorporation. [5]