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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.
Citi was founded in 1812 and currently has the third-largest credit card portfolio in the world. Citi offers personal credit cards, banking and wealth management services and more.
On April 1, 2016, Citigroup became the exclusive issuer of Costco's branded credit cards. [49] [50] The bank's private-label credit card division, Citi Retail Services, issues store-issued credit cards for such companies as: American Airlines, Best Buy, ConocoPhillips, Costco, ExxonMobil, The Home Depot, Sears, Shell Oil, and Staples Inc.
The Choice logo, introduced in 1980, appeared in white on the solid dark blue card, as well as on merchant acceptance signs. Choice was a credit card test marketed by Citibank in the United States, announced in 1977, and first issued in 1978. It was one of the first cards to offer a cash refund program, and no annual fee.
Citigroup’s retail services unit on Friday joined forces with financial services provider Wayfair to issue two new credit cards. One card will be a private labeled Wayfair Credit Card while the ...
At the same time, Citi has fewer other businesses to make up for the revenue hit, analysts said. Citi's shares shortly before the closing bell on Wall Street were down 5.8% at $42.81. Citi said ...