Citigroup

Company Background: Citigroup Inc. is todays pre-eminent financial services company, with any(prenominal) 200 million customer accounts in more than speed of light countries. Major brand names under Citigroups trademark release umbrella include Citi Cards, CitiFinancial, CitiMortgage, CitiInsurance, Primerica, Diners Club, The Citigroup Private Bank, and CitiCapital. According to Forbes Global 2000, it is the grounds biggest company and the most profitable financial services firm. Its defining was announced on April 7, 1998 through a merger of Citicorp and Travelers assembly. It was the introductory US Company to combine banking with insurance underwriting since the Great Depression. blood line line Divisions Citigroup is organized into three major business groups ? Global Consumer, bodily and Investment Banking, and Global Wealth Management. In addition to 2 stand-alone businesses, Citigroup Asset Management and Citigroup Alternative Investments. The Global Consumer Group is comprised of three sub-divisions, Cards (credit cards), Consumer pay, and Retail Banking. The credit card business on average delivers about 40% of the get of this group. Citigroup is the largest provider of credit cards in the world, a position huge held by Citicorp, and increased by many acquisitions of card portfolios.

The Consumer Finance Division (called Citi-financial) accounts for about 20% of the consumer groups profits. Citibank is about the fifth largest retail bank in the United States, and it has branches in countries throughout the world. The biggest part of retail banking however is Banamex, the largest bank in Mexico, which Citigroup owns. overall the Global Consumer group contributes more than half of all the profits for Citigroup. The Global Corporate and Investment bank consists of two subdivisions, neat markets & banking, and global transaction services. This division essentially handles large merged cash management, lending, and Investment Banking. Citigroups investment bank... If you want to get a full essay, order it on our website: Orderessay

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