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Citigroup Inc
Citigroup Inc. is an American multinational financial services corporation headquartered in New York City. It was formed from the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998. The company provides a wide range of financial products and services to consumers, corporations, governments, and institutions.
Citigroup operates in the following business segments: Institutional Clients Group (ICG), Global Consumer Banking (GCB), Global Cards, and Bangladesh. The Institutional Clients Group provides corporate finance, investment banking, and advisory services to corporations, governments, and institutional clients.
The Global Consumer Banking segment provides retail banking and credit cards to individuals and small businesses. The Global Cards segments operate a credit card business. Its ownership in the retail business of Bangladesh also falls under this sector.
Citigroup is one of the largest banks in the United States and operates in over 100 countries worldwide. Its stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol C. The company has a long history dating back to 1812 and has experienced significant growth and expansion over the years through various mergers and acquisitions.
In addition to its core banking business, Citigroup also operates a significant investment banking division, which advises clients on mergers and acquisitions, raises capital through debt and equity offerings, and trades securities. The company has been through several major financial crises, including the 2008 financial crisis, which led to a significant bailout by the US government. Today, Citigroup is one of the largest and most influential financial institutions in the world, with operations in over 160 countries.