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Citigroup | Corporate Bonds, News, Rates, Quote & Bond

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Corporate Bond News :Citigroup

 

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Citigroup Inc. (branded Citi), is a major American financial services company based in New York, NY. Citigroup was formed from one of the world’s largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, 1998. Citigroup Inc. has the world’s largest financial services network, spanning 140 countries with approximately 12,000 offices worldwide. The company employs approximately 300,000 staff around the world, and holds over 200 million customer accounts in more than 140 countries. It is the world’s largest bank by revenues as of 2008. It is a primary dealer in US Treasury securities[3]. Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive bailout by the U.S. government.[4] Its largest shareholders include funds from the Middle East and Singapore.[5] On February 27, 2009 Citigroup announced that the United States government would be taking a 36% equity stake in the company by converting $25 billion in emergency aid into common shares.

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Citigroup Inc.
Type Public (NYSE: C, TYO: 8710, BVPASA: CIT)
Founded New York City, New York, United States (1812)
Headquarters New York City, New York, United States
Key people Richard D. Parsons (Chairman)
Vikram Pandit (CEO)
John Gerspach (CFO)
Industry Financial services
Products Consumer Banking
Corporate Banking
Investment Banking
Global Wealth Management
Investment Research
Private Equity
Revenue US$ 52.793 billion (2008)[1]
Operating income US$ −20.36 billion (2008)[1]
Net income US$ −27.68 billion (2008)[1]
Total assets US$ 1.93 trillion (2008)[1]
Total equity US$ 141.630 billion (2008)[1]
Employees 309,000 (2008)[1]
Website http://www.citigroup.com/


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