Citigroup Logo – Citigroup (Citigroup Inc.) is the largest financial services company in the world with headquarters in New York and the leading U.S. that could combine insurance and banking after the Great Depression of 1929. It was created on April 7 of 1998 as a merger of Citicorp and Travelers Group. In 2009 there were over 265,000 employees and 200 million users, with 16,000 offices in over 140 countries worldwide. In the New York Stock Exchange is included within the companies in the NYSE. This is a primary dealer in U.S. Treasury securities.
Citi was born on June 16, 1812 under the name Bank of New York City. In early 1900, during the first two decades, was merging with other financial institutions to expand throughout the country. By mid-century, Citi was already one of the largest banks in the country. In the 70’s, Citi experienced a rapid rise and economic growth, which made it easier to expand around the world as Citibank. In 1998, Citi merges with Travelers Group, to form the largest bank in the world.
The president was Samuel Johnsson, who took office amid the biggest crisis the bank has had since birth. Its main shareholder is Prince Al-Waleed bin Talal of Saudi Arabia, with a share of 4.9%. Johnsson Samuel resigned over the colossal losses and profits decline 57% in addition to U.S. SEC announced a thorough investigation of mutual funds of this entity.