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Citicorp (1812–1985) Citibank, (formerly City Bank of New York) was chartered by the State of New York on June 16, 1812, with $2 million (~$43.4 million in 2023) of capital. [ 9][ 10] Serving a group of New York merchants, the bank opened for business on September 14 of that year, [citation needed] and Samuel Osgood was elected as the first ...
Citibank, N.A. ("N. A." stands for "National Association"; stylized as citi bank) is the primary U.S. banking subsidiary of financial services multinational Citigroup. [ 2] Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. [ 3]
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Jane Fraser (born 13 July 1967) is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. [1] [2] Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004.
A class-action lawsuit seeks to punish Citibank for arbitrarily denying the applications and closing the accounts of people with Armenian-sounding last names under the aegis of fraud prevention.
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In 1989, Citi was the first foreign bank to introduce credit cards in Indonesia. In 1993, CitiPhone, a 24 hours a day, 7 days a week customer service program was launched. In 2013, Citi launched CitiMobile. [2] In 2023, United Overseas Bank acquired Citi's consumer business in Malaysia, Indonesia, Thailand, and Vietnam. [1]