Citigroup Inc. is a major American financial services company based in New York City, formed from the merger of Citicorp and Travelers Group on April 7, 1998. According to Forbes Global 2000 in March 2007, it is tied for the world's largest company, with total assets of US $2.02 trillion. The company employs just under 300,000 staff around the world, and holds over 200 million customer accounts in more than 100 countries. It is a primary dealer in US Treasury securities and its stock is a component of the Dow Jones Industrial Average. The Group provides services for consumers, corporations and governments, its brands include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex and Nikko.
20.01.2010 Citigroup today reported a full year 2009 net loss of $1.6 billion. Managed revenues were $91.1 billion for the year. The fourth quarter 2009 net loss was $7.6 billion. More
12.05.2009 The Group announced that it will expand its previously disclosed public exchange offers by $5.5 billion. This increase reflects the results of the U.S. government's Supervisory Capital Assessment Program (SCAP). More
Business and Financial News
Best Banks in Central and Eastern Europe for 2009 - 14.05.2010 The following are the «Best Banks in Central and Eastern Europe for 2009» according to rankings published by Global Finance magazine: Source: Global Finance
Big banks slashed small business credit lines - 13.05.2010 The biggest Wall Street banks slashed their small business loan portfolios by 9% between 2008 and 2009, more than double the rate at which they cut their overall lending, according to a government report released Thursday. Source: CNN Money
European Union agrees on €750bn bailout fund for eurozone - 10.05.2010 Crisis-hit Europe on Monday announced a monster rescue package running to 750 billion euros between euro countries and the IMF, sending the euro surging in Asian trade. Leaders hope an unprecedented international intervention, worth just shy of one trillion dollars, will represent a game-changing European financial war chest, which will also be backed by European Central Bank action to nudge debt and currency markets. Source: Financial News
Debt crisis may hurt banks outside Greece - 06.05.2010 Credit ratings agency Moody's Investor Service said the banking systems in Portugal, Italy, Spain, Ireland and Britain could all be hurt by a widening debt crisis. Source: Associated Press
Bank of Russia cuts discount rate - a historic low for Russia - 04.05.2010 The Bank of Russia slashed its discount rate by another 0.25 percent from April 30. Starting tomorrow, the rate will be 8 percent per annum - a historic low for Russia. Source: RBC
Citigroup Inc. is a major American financial services company based in New York City, formed from the merger of Citicorp and Travelers Group on April 7, 1998. According to Forbes Global 2000 in March 2007, it is tied for the world's largest company, with total assets of US $2.02 trillion. The company employs just under 300,000 staff around the world, and holds over 200 million customer accounts in more than 100 countries. It is a primary dealer in US Treasury securities and its stock is a component of the Dow Jones Industrial Average. The Group provides services for consumers, corporations and governments, its brands include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex and Nikko.
1-800-374-9700