Profile: Citigroup Inc (C.N)
Citigroup Inc. (Citi), incorporated on March 8, 1988, is a financial services holding company. The Company's businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Company operates through two segments: Citicorp and Citi Holdings.
Citicorp is the Company's global bank for consumers and businesses and represents its core franchises. Citicorp is focused on providing products and services to customers and leveraging the Company's global network, including various economies. Citicorp is present in approximately 100 countries, and offers services in over 160 countries and jurisdictions. Citicorp consists of the operating businesses: Global Consumer Banking, which consists of consumer banking in North America; Europe, the Middle East and Africa (EMEA); Latin America, and Asia, and Institutional Clients Group, which includes Banking and Markets and securities services. Citicorp also includes Corporate/Other.
Global Consumer Banking (GCB) consists of Citi's geographical consumer banking businesses that provide traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services. GCB is a diversified business with approximately 2,994 branches in over 24 countries across the world. North America GCB provides traditional retail banking, including commercial banking, and its Citi-branded cards and Citi retail services card products to retail customers and small to mid-size businesses, as applicable, in the United States. North America GCB's United States cards product portfolio includes its portfolio, including the Citi Double Cash, Thank You and Value cards, and co-branded cards, including, among others, American Airlines and Hilton Worldwide within Citi-branded cards, as well as its co-brand and private label relationships within Citi retail services. North America GCB has approximately 780 retail bank branches, which concentrates in over six key metropolitan areas of New York, Chicago, Miami, Washington, D.C., Los Angeles and San Francisco.
EMEA GCB provides traditional retail banking, including commercial banking, and Citi-branded card products to retail customers and small to mid-size businesses, primarily in Poland, Russia and the United Arab Emirates. Asia GCB provides traditional retail banking, including commercial banking, and its Citi-branded card products to retail customers and small to mid-size businesses, with presence in Korea, Singapore, Hong Kong, Australia, India, Taiwan, Malaysia, Thailand, Indonesia and the Philippines. Asia GCB business has approximately 520 retail branches. Latin America GCB provides traditional retail banking, including commercial banking, and its Citi-branded card products to retail customers and small to mid-size businesses, as applicable with the its presence in Mexico. Latin America GCB includes branch networks in Brazil, Argentina, Colombia and Venezuela, as well as Banco Nacional de Mexico, or Banco Nacional de Mexico (Banamex). Latin America GCB had approximately 1,694 retail branches (over 1,492 through Banamex in Mexico).
Institutional Clients Group (ICG) provides corporate, institutional, public sector and high-net-worth clients across the world with a range of wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance and securities services. ICG transacts with clients in both cash instruments and derivatives, including fixed income, foreign currency, equity and commodity products. Corporate/Other includes certain unallocated costs of global staff functions (including finance, risk, human resources, legal and compliance), other corporate expenses and unallocated global operations and technology expenses, Corporate Treasury and discontinued operations.
Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. Citi's consumer businesses in Argentina, Brazil and Colombia will be reported as part of Citi Holdings.
388 Greenwich St
NEW YORK NY 10013-2375