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Citibank, N.A. ("N. A." stands for "National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation. [2] Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. [3] The bank has branches in 19 countries.
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.
Co-chair of Citigroup after 1998 Sanford I. Weill: 1998: 2006: Co-chair 1998–2000 Charles Prince: 2006: 2007: Operating as Citi in 2007 Robert Rubin: 2007: 2007: November 4 – December 11, 2007 Winfried Bischoff: 2007: 2009: Richard Parsons: 2009: 2012: Michael E. O'Neill: 2012: 2019: Began April 2012; retired on January 1 2019 John Dugan ...
Citigroup was for decades a top underwriter of state and local government debt, making the bank a major financier of roads, bridges, and airports across the US.Now it wants out of that business ...
Walter Bigelow Wriston (August 3, 1919 – January 19, 2005) was a banker and former chairman and CEO of Citicorp.As chief executive of Citibank / Citicorp (later Citigroup) from 1967 to 1984, Wriston was widely regarded as the single most influential commercial banker of his time.
On 6 August 2001, Citigroup Inc. acquired Grupo Financiero Banamex-Accival for US$12.5 billion, which became Grupo Financiero Banamex. [10] This was the largest-ever U.S.-Mexico corporate merger. Grupo Financiero Banamex's operations were integrated with Citibank's relatively small existing Mexico business under the Banamex brand name. [3]
A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues.
He was the president of Citibank (the predecessor to Citigroup) from 1959–1967 and later chairman from 1967 to 1970. He was succeeded by Walter B. Wriston who was president from 1967 to 1970. In 1963, Moore led an early effort by multinational corporations to create the world's first private investment company to promote the economic ...