FACTBOX - Citigroup at a glance

Mon Nov 5, 2007 6:18am EST
 
[-] Text [+]

(Reuters) - Citigroup Inc Chairman and Chief Executive Charles Prince resigned on Sunday, following mounting losses from subprime mortgages and other debt.

The following are selected facts about Citigroup:

COMPANY:

Founded: 1812, as City Bank of New York, with $2 million of capital

Created: 1998, from the merger of Travelers Group and Citicorp

Headquarters: New York City

Chairman: Robert Rubin

Acting Chief Executive: Sir Win Bischoff.

Size: Largest U.S. bank by assets, second-largest U.S. bank by market value.

Major business lines: (1) Global consumer, including retail branches, credit cards and mortgages; (2) Institutional clients, comprising commercial and investment banking, trading, transaction services and alternative investments, among other areas; (3) Global wealth management, including the Smith Barney brokerage, private banking and research.

Employees: About 327,000 in April, ahead of announcement of 17,000 planned job cuts, plus an additional 9,500 jobs being moved to less expensive locations.

Number of countries where operating: More than 100.

U.S. network as of September 30: 1,015 Citibank branches, 2,467 CitiFinancial branches; 803 Smith Barney brokerage offices.

International branch network as of September 30: 3,134

Assets as of September 30: $2.35 trillion

Market value, based on shares reported in U.S. Securities and Exchange Commission filings: $188 billion, compared with Bank of America Corp's $200 billion; JPMorgan Chase & Co's $146 billion, and Goldman Sachs Group Inc's, $91 billion.  Continued...

 

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Shrimps boats are seen at the coastal area of Bayou La Batre, Alabama November 10, 2009.  REUTERS/Carlos Barria
Shrimpers struggle

Fishermen like Steve Patronas struggle to make a living, but high costs, low prices for their catches and competition from countries like Vietnam or China are putting many of them out of business and choking off their way of life.  Blog | Video