Citigroup

Citigroup Inc.

The headquarters of Citigroup in Lower Manhattan
Company type	Public
Traded as	NYSE: C S&P 100 component S&P 500 component
ISIN	US1729674242
Industry	Financial services
Predecessors	City Bank of New York (1812) First National Bank of New York (1863) The Travelers Companies (1853)
Founded	October 8, 1998; 26 years ago (1998-10-08)
Headquarters	388 Greenwich Street New York, NY 10013 U.S.
Area served	Worldwide
Key people	John C. Dugan (Chairman) Viswas Raghavan (Executive Vice Chairman) Jane Fraser (CEO) Mark Mason (CFO)
Products	Asset management Banking Commodities Credit cards Equities trading Insurance Investment management Mortgage loans Mutual funds Exchange-traded funds Index funds Private equity Risk management Wealth management
Revenue	US$78.46 billion (2023)
Operating income	US$12.91 billion (2023)
Net income	US$9.228 billion (2023)
Total assets	US$2.412 trillion (2023)
Total equity	US$205.5 billion (2023)
Owner	Berkshire Hathaway (2.69%)
Number of employees	c. 239,000 (2023)
Subsidiaries	List of subsidiaries Bank Handlowy (Poland) Citibank Argentina Citibank Australia Citibank (United States) Citibank Bahrain Citibank China Citibank Europe Citi Private Bank Citibank (Hong Kong) Citibank India Citigroup Global Markets Japan Citibank Indonesia Citibank Korea Citibank Malaysia Citibank Russia Citibank Singapore Citibank Uganda Citibank United Arab Emirates Citi Private Bank Citi Global Wealth Management Grupo Financiero Banamex Beymen Salomon Brothers Nikko Cordial Acciones y Valores de México (Acciones y Valores Banamex, Casa de Bolsa Integrante del Grupo Financiero Banamex) Discover Student Loans Yield Book Citigroup Global Markets Inc Metalmark Capital Lava Trading
Capital ratio	Tier 1 15% (2023)
Website	citigroup.com
Footnotes / references [1]

Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.^[2][3]

Citigroup is the third-largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States.^[4] It is considered a systemically important bank by the Financial Stability Board, and is commonly cited as being "too big to fail". It is one of the eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500,^[5] and was ranked #24 in Forbes Global 2000 in 2023.^[6]

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,^[7] as well as its wealth management business.