TKGI FINANCE

America's Top 20 Bank Holding Companies

Citigroup Inc.



Citigroup Is ranked number three in the Top 50 Bank Holding Companies by the United States Federal Reserve System's National Information Center. The total assets listed by that agency were $1,944,423,000. Citigroup was also listed as number 14 by Fortune 500 for 2011. Global Finance Magazine named it the 2011 World's Best Internet Bank. The list of global awards spans North America, Asia, Australia, Central and Eastern Europe, Latin America, the Middle East and Africa.

History of Citigroup

Although it did not become Citigroup until late in 1998 when Citicorp merged with Travelers Group, the history begins in 1812. That was the year that City Bank of New York was chartered in New York State. Changing its name to the National City Bank of New York, it later became the largest American bank. During the following decades it became first in several areas:

  • compound interest
  • unsecured personal loans
  • checking accounts
  • certificates of deposit
  • first overseas branch - Buenos Aires - for a U.S. bank

By 1918, the assets reached $1 billion. The corporation officially became Citicorp in 1976 and later it created 24-hour ATMs. John S. Reed, as CEO, was instrumental in making it the largest U.S. bank as it went global in over 90 countries.

Reorganizing in 2009, the corporation split its operations into two separate groups. It remained one company with two major operations. Citicorp would handle most banking functions and Citi Holdings would handle the brokerage and asset end. The corporation presently serves 200 million clients in 100 countries worldwide.

Corporate Headquarters

Citigroup Inc. has its main corporate headquarters at 399 Park Avenue, New York 10043.

Major Corporate Locations

The following are just a few of the corporate locations worldwide:

1. Citibank Canada and Citi Cards Canada

Citibank Canada is located at Citigroup Place, 123 Front Street W, Suite 1100, Toronto, Ontario M5J 2M3. It oversees all the banking functions out of Toronto for Canada. Citi Cards Canada is located at 5900 Hurontario Street, Mississauga, Ontario L5R 0B8. It oversees all the credit card functions throughout Canada. Citi has been serving Canada for over 50 years. People enjoy firms they can count on to remain in their area. The fact that Citi employs over 3,800 financial services professionals across the country makes it attractive also.

2. One Citibank, N.A. in India

Citibank, N.A. is located in the Citi Centre, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. There are also corporate offices in Delhi, Bangalore, Chennai, Kolkata, Pune, Hyderabad, Ahmedabad and Vadodara. India has become a very international society over the last few decades. Having access to a corporation that offers multinational coverage has become vital to their economy.

3. Citigroup in Australia

Citigroup is located at Citigroup Centre 2 Park Street, Sydney NSW, Australia 2000. Australia enjoys a very multicultural population with peoples from all nations coming there to live. It is important to have a multinational bank in which to do business. Citi serves over 1 million consumers and over 900 corporate customers in this country.