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Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company in New York City. The company was formed by the merger of Citicorp, the bank holding company for Citibank , and Travelers in 1998; Travelers was spun off from the company in 2002.
1965: The bank enters the credit card business. 1968: A one-bank holding company, First National City Corporation (FNCC), is created and becomes the parent of the bank. 1974: The name of the holding company is changed to Citicorp. 1976: First National City Bank is renamed Citibank, N.A.
Our beginnings. 1812. A new bank born in New York. In 1811, a group of merchants takes the first steps towards setting up a new bank to help New York compete with rivals Philadelphia, Boston, and Baltimore Read More. 1812. Bank wins depository status.
Following the financial panic of 1837, the bank came under the control of Moses Taylor, a merchant and industrialist who essentially turned it into his own personal bank. 1843 Moses Taylor became a director in 1843, and there had always been a high level of cooperation between the companies.
The fire-sale would foreshadow a coming decade of Citigroup disentangling community banking and overseas consumer lending amidst a humbling retreat to financial basics. Citigroup's landmark mergers, from 1998's $140B Travelers deal to the 2009 Smith Barney and Morgan Stanley brokerage merger.
Jane Fraser made history when she was named CEO of Citigroup in 2020, becoming the first woman to lead a major Wall Street bank. Fraser took office in February 2021, succeeding Michael Corbat.
Nov 24, 2020 · Low-Carbon Transition: Citi aims to finance and facilitate an additional $250 billion in low-carbon solutions, in addition to the $164 billion the bank counted toward its $100 Billion Environmental Finance Goal (2014-2019). This new goal includes financing and facilitating activities in renewable energy, clean technology, water quality and ...
.webp&q=How%20did%20Citigroup%20transition%20into%20becoming%20a%20bank?&ck=20B27D3A65F8EDBDDA8CA7B62934D31E&idpp=rc&idpview=singleimage&form=rc2idp "How did Citigroup transition into becoming a bank?1")
