Citi
Citigroup Inc., also known as "Citi," is an American global investment bank and financial services company with its headquarters in New York City. Economic juggernaut Travelers Group and banking behemoth Citicorp merged to form the company in 1998; Travelers was later split off in 2002. Citibank's holding company, Citicorp, and a number of foreign subsidiaries are owned by Citigroup. Citigroup is a Delaware-based corporation.
Together with JPMorgan Chase, Bank of America, and Wells Fargo, Citigroup is one of the country's Big Four American banks and the third-largest financial institution. The Financial Stability Board classifies it as a systemically important bank, and it is frequently referred to as being "too large to fail."
Together with JPMorgan Chase, Bank of America, and Wells Fargo, Citigroup is one of the country's Big Four American banks and the third-largest financial institution. The Financial Stability Board classifies it as a systemically important bank, and it is frequently referred to as being "too large to fail." It belongs to the Bulge Bracket's eight international investment banks.
Citigroup's market capitalization as of March 2023 is $88.01 billion. By market cap, Citigroup is now the 154th most valuable corporation in the world. Citigroup's most recent financial reports indicate that the company's current revenue (TTM) is $75.30 Billion. The company's revenue in 2021, which was $72.22 billion, was lower than its revenue in 2020, which was $75.76 billion.
Founded: October 8, 1998
Headquarters: 388–390 Greenwich St., New York City, New York, U.S.
Website: citigroup.com