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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.
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 CEO Jane Fraser is maintaining a hybrid work policy despite a broader industry trend toward stricter return-to-office (RTO) mandates, reportedly positioning the bank's flexibility as a ...
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.
Citigroup Number of jobs cut since recession began: 73,056 In October 2008, a desperate Vikram Pandit, CEO of Citi, said the financial firm had no alternative than to cut 50,000 jobs as part of a ...
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 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.
Mason joined Citigroup in 2001 and has held a number of executive positions at the firm, including chief financial officer of Citi’s Institutional Clients Group, chief executive officer of Citi Private Bank, chief executive officer of Citi Holdings, and chief financial officer and head of strategy and M&A for Citi’s Global Wealth Management Division. [4]
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