Citibank is a global bank headquartered in Sioux Falls, South Dakota with over 219,000 employees operating in 160+ countries. Michael Corbat is the CEO. It has major divisions for global consumer banking, institutional clients, and markets/securities services. In 2016, Citibank reported $69.9 billion in revenue and $14.9 billion in profit. It has over $1.7 trillion in assets under management. Citibank's global consumer banking division serves over 110 million customers worldwide across credit cards, wealth management, and commercial banking. Treasury and trade solutions provides cash management and trade finance services to multinational corporations. The corporate and investment banking division offers mergers/acquis
Citibank is a global bank headquartered in Sioux Falls, South Dakota with over 219,000 employees operating in 160+ countries. Michael Corbat is the CEO. It has major divisions for global consumer banking, institutional clients, and markets/securities services. In 2016, Citibank reported $69.9 billion in revenue and $14.9 billion in profit. It has over $1.7 trillion in assets under management. Citibank's global consumer banking division serves over 110 million customers worldwide across credit cards, wealth management, and commercial banking. Treasury and trade solutions provides cash management and trade finance services to multinational corporations. The corporate and investment banking division offers mergers/acquis
Citibank is a global bank headquartered in Sioux Falls, South Dakota with over 219,000 employees operating in 160+ countries. Michael Corbat is the CEO. It has major divisions for global consumer banking, institutional clients, and markets/securities services. In 2016, Citibank reported $69.9 billion in revenue and $14.9 billion in profit. It has over $1.7 trillion in assets under management. Citibank's global consumer banking division serves over 110 million customers worldwide across credit cards, wealth management, and commercial banking. Treasury and trade solutions provides cash management and trade finance services to multinational corporations. The corporate and investment banking division offers mergers/acquis
Citibank is a global bank headquartered in Sioux Falls, South Dakota with over 219,000 employees operating in 160+ countries. Michael Corbat is the CEO. It has major divisions for global consumer banking, institutional clients, and markets/securities services. In 2016, Citibank reported $69.9 billion in revenue and $14.9 billion in profit. It has over $1.7 trillion in assets under management. Citibank's global consumer banking division serves over 110 million customers worldwide across credit cards, wealth management, and commercial banking. Treasury and trade solutions provides cash management and trade finance services to multinational corporations. The corporate and investment banking division offers mergers/acquis
Headquarters - Sioux Falls, South Dakota, United States
Founded in – 16th June 1812, New York City, US (205 years old) CEO – Michael Corbat (CEO) Industry – Banking, Financial Services Size – Present in more than 160 countries and 219,000 employees Divisions – Global consumer banking (GCB), Institutional Clients Group (ICG) Banking, ICG markets and Securities Services Financials Figures Stock price (4th Oct closing) $ 74.17 (NYSE) Market Capitalization (4th Oct closing) $ 202.8 Billion Revenue (For year 2016) $ 69.9 Billion Profit after tax $ 14.9 Billion Assets under management $ 1,738 Billion Shareholder’s equity $ 225.1 Billion Net Interest Margin (for India, 2017) 5.4% Global Consumer Banking division:
• Citi’s Global Consumer Bank (GCB), a global leader in credit cards, wealth management and commercial banking, serves 110+ million customers in 19 countries worldwide • The Global Consumer Bank operates four business lines — Branded Cards, Retail Services, Retail Banking and Commercial Banking — in three priority markets: Asia, Mexico and the U.S • GCB operated approximately 2,600 branches and generated $7.8 billion in pretax earnings, representing 37 percent of Citicorp's total. In 2016, our GCB business held $300 billion in average deposits, managed $139 billion in average assets and included $280 billion in average loans • As the world's largest credit card issuer, we are an undisputed industry leader, with more than 55 million accounts, $421 billion in annual purchase sales and $140 billion in average receivables across Citi Branded Cards and Citi Retail Services Treasury and Trade Solutions: Description of Business Key Product Lines Treasury and Trade Solutions Cash Management Working Capital Solutions •Receivables •Payments •Cards •Liquidity and Investments •Channel Services Trade Trade Services and Supply •Trade Services Chain Finance •Trade Finance •Export and Agency Finance Multi-Product Offerings Integrated Payables Solutions •Analytics •Payments •Cards •Trade Finance •Channel Services •Supplier Onboarding Treasury and Trade Solutions:
• Our Treasury and Trade Solutions (TTS) business provides integrated cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe • Naveed Sultan, Global Head of Treasury and Trade Solutions, Citi • Offerings include payments, receivables, liquidity management and investment services, working capital solutions, commercial card programs and trade finance Corporate (and Investment) Banking:
• Corporate and Investment Banking division provides comprehensive relationship
coverage to ensure the best possible service and responsiveness to clients • Client teams are organized by industry and country, composed of two parts: (i) Strategic Coverage Officers focus on mergers and acquisitions and equity and related financing solutions, while (ii) Corporate Bankers — in partnership with Citi’s Capital Markets specialists and with support from the Global Subsidiaries Group — deliver corporate banking and finance services to global, regional and local clients Recent News:
• Citibank and Standard Chartered Bank become shareholders of SWIFT India
(http://economictimes.indiatimes.com/articleshow/60841437.cms?utm_source=cont entofinterest&utm_medium=text&utm_campaign=cppst) • Citibank names K Balasubramanian as India corporate banking head (https://www.vccircle.com/citibank-names-k-balasubramanian-as-india-corporate- banking-head/) • Citibank India net profit up 12% in FY17 (http://economictimes.indiatimes.com/markets/stocks/news/citibank-india-net- profit-up-12-in-fy17/articleshow/59441662.cms) • Citibank launches voice password in India (http://economictimes.indiatimes.com/articleshow/56447386.cms?utm_source=cont entofinterest&utm_medium=text&utm_campaign=cppst)
