Search results
Results from the WOW.Com Content Network
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]
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.
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 ...
In 2013, things at Citigroup , were solid, but it turns out, one business could be the key to its success moving forward. Citigroup's bottom line jumped 15% in 2013, despite income This is important.
Although the Salomon name carried on as Salomon Smith Barney, the investment banking operations of Citigroup, the division was renamed on 7 April 2003 to "Citigroup Global Markets Inc." [37] As of 2020, Citigroup no longer owns the Salomon Brothers trademark, according to the records provided by the United States Patent and Trademark Office ...
Berkshire took a new stake in Citigroup (NYSE: C) in 2022 and the stock currently makes up 1.5% of Berkshire's portfolio. Citigroup has far and away been the worst-performing large U.S. bank stock ...