Banks - Citigroup

Citigroup Inc. (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 with the financial conglomerate Travelers Group in 1998. Citigroup Inc. has the world's largest financial services network, spanning 130 countries with approximately 16,000 offices worldwide. The company employs over 300,000 staff around the world, and holds over 200 million customer accounts in more than 130 countries. It is the world's largest bank by total customers & worldwide branch network as of 2009. It is a primary dealer in US Treasury securities. 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. Its largest shareholders include funds from the Middle East and Singapore. 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.

Key people
Richard D. Parsons (Chairman)
Vikram Pandit (CEO)
John Gerspach (CFO)


Key Statistics
Market Cap: 25.39B
Revenue (ttm): 34.69B