Citigroupis an American multinational investment Company and financial servicescorporation headquartered in New York City. Was formed by the merger of bankinggiant Citicorp and financial conglomerate Travelers Group in 1998. Citi groupowns CitiCorp, the holding company for CitiBank and as well as severalInternational Subsidiaries Such as Citigroup Investments.
Citigroup is the third largest banking institution in the United States;alongside JPMorgan Chase, Bank of America, and Wells Fargo, we are one of theBig Four banking institutions of the United States. We are considered asystemically important bank by the Financial Stability Board and is commonlycited as being too big to fail. We are one of the eight global investment banksin the Bulge Bracket.
Citigroup is ranked 33rd on the Fortune 500 as of 2021. Citigroup hasapproximately 200 million customer accounts and does business in more than 160countries. we currently have about 223,400 employees, although we had over357,000 employees before the financial crisis of 2007–2008, when it was bailedout by a massive stimulus package from the U.S. government.
In 2020 we where one of the largest securities services providers, having over$2.36 (~$2.46 trillion in 2021) trillion in assets under custody (AUC).
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