Citigroup, Inc. is a global diversified financial services holding company that provides consumers, corporations, governments and institutions a broad range of financial goods and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management. Citigroup operates via two primary business segments: Citicorp, consisting of its Regional Consumer Banking and Institutional Clients Group; and Citi Holdings, consisting of its Brokerage and Asset Management, Local Consumer Lending and Special Asset Pool. The third segment is Corporate/Other. By reorganizing into three business segments, Citi can enhance the capabilities and performance of its core assets, through Citicorp, and tighten its focus on risk management and reduce and realize value from its non-core assets, through Citi Holdings.The company currently has about 200 million customer accounts and operates in more than 140 countries. Source: SEC Filings

 

Tag:

Citigroup

Latest Headlines

Latest Headlines

Citigroup scales back use of Bloomberg chat

So just how addicted to Bloomberg terminals are Wall Street traders? We may be about to get an indication.

Mid-East bank is world's strongest

If you were asked to name the world's strongest bank, you wouldn't likely pick a U.S. bank right now. Nor would you pick a European bank. You might pick one of the Canadian banks or Asian banks, which continue to appear quite strong.

Citigroup touts OLA progress

The "too big to fail" controversy continues to rage, with the dramatic events in Cyprus raising the issue of "bail in" all over again.

Citigroup wins "say-on-pay" debate

Citigroup suffered a major defeat last year when shareholders voted a thumbs down on compensation committee's executive pay plan. More than 40 percent of shareholders voted no.

Citigroup beat estimates, investment banking strong

Citigroup beat expectations for the first quarter, posting earnings of $1.23 per share versus expectations of about $1.17 per share.

Citigroup again hit for AML violations

Citigroup has become an all too familiar target of regulators when it comes to money laundering lapses.

Blackstone offers "regulatory capital trade"

Financial engineering using derivatives may have taken some lumps in the court of public and regulatory opinion since the financial crisis. But the creativity is not about to cease.

Bank VC units seek new technologies

Large companies interested in acquiring new technologies have long run their own venture capital firms. Intel stands as a great example of corporate VC. The chip giant has stood behind its Intel Capital unit through thick and thin. Other prominent examples include Google, Citrix, Nike and others.

Citigroup might withdraw from more countries

Former Citigroup Vikram Pandit's strategy depended in large part on the bank's push to invest in other countries, making Citigroup a truly global bank seamlessly servicing the unique needs multinational corporations.

Citigroup could be the next Bank of America

It's hard to believe, but Bank of America had a stellar 2012 in terms of stock price appreciation. The stock nearly doubled, which is quite an achievement.