Citigroup

Citigroup Inc.
	The headquarters of Citigroup in Lower Manhattan
Company type	Public
Traded as	NYSE: C; S&P 100 component; S&P 500 component;
ISIN	US1729674242
Industry	Financial services
Predecessors	City Bank of New York (1812); First National Bank of New York (1863); The Travelers Companies (1853);
Founded	October 8, 1998
Founders	George Fisher Baker (First National Bank of New York); James G. Batterson (The Travelers Companies); Samuel Osgood (City Bank of New York);
Headquarters	388 Greenwich Street, New York City, New York, United States
Area served	Worldwide
Key people	John C. Dugan (chairman); Jane Fraser (CEO and president); Mark Mason (CFO);
Products	Asset management; banking; credit cards; equities trading; securities services; insurance; investment management; mortgage loans; mutual funds; private equity; risk management; wealth management;
Revenue	US$75.34 billion (2022)
Operating income	US$18.81 billion (2022)
Net income	US$14.85 billion (2022)
AUM	US$759 billion (March 31, 2023)
Total assets	US$2.3 trillion (March 31, 2023)
Total equity	US$201.2 billion (2022)
Number of employees	c. 240,000 (2022)
Subsidiaries	List of subsidiaries Bank Handlowy (Poland) ; Citibank Argentina ; Citibank Australia ; Citibank (United States) ; Citibank Bahrain ; Citibank China ; Citibank Europe ; Citi Private Bank ; Citibank (Hong Kong) ; Citibank India ; Citigroup Global Markets Japan ; Citibank Indonesia ; Citibank Korea ; Citibank Malaysia ; Citibank Russia ; Citibank Singapore ; Citibank Uganda ; Citibank United Arab Emirates ; Citi Private Bank ; Citi Global Wealth Management ; Grupo Financiero Banamex ; Beymen ; Salomon Brothers ; Nikko Cordial ; Acciones y Valores de México (Acciones y Valores Banamex, Casa de Bolsa Integrante del Grupo Financiero Banamex) ; Discover Student Loans ; Yield Book ; Citigroup Global Markets Inc ; Metalmark Capital ; Lava Trading ;
Capital ratio	Tier 1 14.8% (2022)
Website	citigroup.com
	Footnotes / references;

Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation incorporated in Delaware and headquartered 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.

Citigroup is the third largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States. It is considered a systemically important bank by the Financial Stability Board and is commonly cited as being too big to fail. It is one of the eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500. and was ranked #24 in Forbes Global 2000 in 2023.

Citigroup operates with two major divisions: Institutional Clients Group (ICG), which offers investment banking and corporate banking services as well as treasury and trade solutions (TTS) and securities services such as custodian banking; and Personal Banking and Wealth Management (PBWM), which includes Citibank, a retail bank, the third largest issuer of credit cards, as well as its wealth management department. The company also operates banking subsidiaries in several countries; however, it is in the process of exiting most of its international operations. But City plans to launch an investment banking unit in China within 12 to 18 months in 2024. The company has already hired a CEO, CFO and compliance director in January, and will hire 30 more employees by the end of the year.

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