Citigroup
The American global investment bank and financial services company Citigroup Inc., also known as Citi, has its corporate headquarters in New York City. Financial juggernaut Travelers Group and banking behemoth Citicorp merged to form the company in 1998; Travelers was later separated from the corporation in 2002. The holding company for Citibank, Citicorp, as well as a number of foreign subsidiaries are owned by Citigroup. Citigroup is a Delaware-based corporation.
Along with JPMorgan Chase, Bank of America, and Wells Fargo, Citigroup is one of the Big Four American banks and the third-largest financial institution in the country. 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 nine international investment banks. As of 2021, Citigroup is ranked number 33 on the Fortune 500. Citigroup operates in more than 160 countries and has about 200 million customer accounts. Although it had 357,000 workers prior to the financial crisis of 2007–2008, when it was bailed out by a significant stimulus package from the U.S. government, it now has 223,400 employees.
Founders: Sanford Weill (Travelers Group); Samuel Osgood (Citicorp)
Headquarters: 388–390 Greenwich St., New York City, United States
Revenue: US$71.88 billion (2021)
Market cap: $86.42 Billion (2022)
Website: citigroup.com