FACTBOX - Citigroup at a glance

Mon Nov 5, 2007 6:18am EST
 
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(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...

 

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