Citigroup bank new york

Citigroup Bank, also known as Citibank, is a major American multinational bank and financial services corporation headquartered in New York City. Here are some key facts about Citigroup Bank:

History: Citigroup was formed in 1998 through the merger of Citibank and Travelers Group. Citibank was founded in 1812 as the City Bank of New York, and it has a long history of providing banking services to individuals, businesses, and governments.

Headquarters: Citigroup's global headquarters is located at 388 Greenwich Street, New York, NY 10013, in the Tribeca neighborhood of Lower Manhattan.

Services: Citigroup offers a wide range of financial services, including:

  1. Consumer banking: personal checking and savings accounts, credit cards, mortgages, and personal loans.
  2. Corporate banking: commercial lending, cash management, and trade finance services for businesses.
  3. Investment banking: mergers and acquisitions, equity and debt capital markets, and advisory services.
  4. Wealth management: investment advice, portfolio management, and retirement planning services.
  5. Credit cards: Citibank issues a range of credit cards, including cashback, rewards, and travel cards.

Subsidiaries: Citigroup has several subsidiaries, including:

  1. Citibank, N.A.: a national bank that provides consumer and commercial banking services.
  2. Citigroup Global Markets Inc.: a broker-dealer that provides investment banking and securities services.
  3. Citigroup Capital Markets Inc.: a broker-dealer that provides capital markets services.
  4. Citigroup Alternative Investments: a subsidiary that provides alternative investment products and services.

Global presence: Citigroup has operations in over 160 countries and jurisdictions, with a significant presence in the Americas, Europe, Asia, Africa, and the Middle East.

Employees: Citigroup has a global workforce of over 200,000 employees, with a significant presence in New York City.

Revenue: Citigroup reported net income of $18.9 billion in 2020, with total revenue of $163.4 billion.

Regulatory issues: Citigroup has faced several regulatory issues over the years, including a major crisis in 2008-2009 related to subprime mortgage lending and a subsequent settlement with the US government. The bank has also faced criticism for its role in the 2011 Occupy Wall Street protests and its handling of customer data.