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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.
The following is a list of chairmen and presidents of what is now Citigroup—the person or persons who were ultimately responsible for the company since its founding in 1812. The highest office in the company was the president until 1909, when James J. Stillman became the first chairman.
In 2014, Citigroup announced it would exit retail banking in 11 markets, primarily in Europe and Central America. [74] In September 2014, it exited the Texas market with the sale of 41 branches to BB&T. [75] In September 2015, the bank announced that it would close its 17 branches in Massachusetts and end sponsorship of a theater in Boston. [76]
News of Citigroup exiting private equity deals may upset some investors, but it shouldn't. Given its precense on the ground in droves of countries across the globe, Citigroup has an advantage that ...
Primerica and its affiliates continued to operate as subsidiaries of Citigroup, although the Travelers insurance business was spun off in 2002. [32] Citigroup attempted to sell Primerica in 2008, [33] having received several bids from life insurance companies and private equity firms interested in buying.
What follows, in turn, is a look at the principal owners of Citigroup's outstanding common stock. A broad overview As you can see in the following chart, the majority of Citigroup's three billion ...
Citigroup is a household name and gets lumped into a class of megabanks that we all seemingly know well But there's one surprising thing that may miss the eye of the casual observer when it comes ...
In April 1998, the Travelers Group merged with Citicorp to form Citigroup. [14] However, the synergies between the banking and insurance arms of the company did not work as well as planned, so Citigroup spun off Travelers Property and Casualty into a subsidiary company in 2002, [18] although it kept the red umbrella logo.