About Citigroup Inc. (C)

Company Description:

Citigroup Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a broad range of financial products and services. The company's operations are broadly divided into two segments: Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Citigroup was founded in 1812 as the City Bank of New York, later becoming First National City Bank of New York. The company is headquartered in New York, NY, United States.

Main Product(s):

Citigroup offers a wide array of banking and financial services including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Short History of Citigroup Inc.:

• 1812 – Founded as City Bank of New York.
• 1894 – Became the largest bank in the United States.
• 1955 – Merged with First National Bank and changed its name to First National City Bank of New York.
• 1976 – Rebranded as Citibank, N.A.
• 1998 – Merged with Travelers Group to form Citigroup, a large financial services conglomerate.
• 2008 – Faced significant challenges during the financial crisis, resulting in a major government bailout.
• 2021 – Announced a strategic refocus on its core banking operations, divesting some international consumer businesses.