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Citigroup

From Simple English Wikipedia, the free encyclopedia

Citigroup Inc. or Citi (stylized as citi) is the world's largest financial services company headquartered in New York and the first American company that was able to combine insurance and banking after the Great Depression of 1929.

Citigroup Inc.
Company typePublic
ISINUS1729674242
IndustryFinancial services
Predecessors
FoundedOctober 8, 1998; 26 years ago (1998-10-08)
Headquarters388 Greenwich Street
New York, NY 10013
U.S.
Area served
Worldwide
Key people
Products
RevenueIncrease US$78.46 billion (2023)
Decrease US$12.91 billion (2023)
Decrease US$9.228 billion (2023)
Total assetsDecrease US$2.412 trillion (2023)
Total equity Increase US$205.5 billion (2023)
OwnerBerkshire Hathaway (2.69%)
Number of employees
c. 239,000 (2023)
Subsidiaries
List of subsidiaries
Capital ratioTier 1 15% (2023)
Websitecitigroup.com
Footnotes / references
[1]

Citigroup operates with two major divisions: Institutional Clients Group (ICG), which offers investment banking and corporate banking services, as well as treasury and trade solutions (TTS) and securities services such as custodian banking; and Personal Banking and Wealth Management (PBWM), which includes Citibank, a retail bank, the third largest issuer of credit cards,[2] as well as its wealth management business.

References

[change | change source]
  1. "US SEC: 2023 Form 10-K Citigroup Inc". U.S. Securities and Exchange Commission. February 23, 2024.
  2. Luthi, Ben (May 2, 2023). "8 Biggest U.S. Credit Card Companies This Year". U.S. News & World Report.