Citigroup Commercials

Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States.
Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers
Group in October 1998. The year 2012 marks Citi's 200th anniversary. It is currently the third largest bank holding company in the United States by assets.



Citigroup has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company currently
employs approximately 260,000 staff around the world, which is down from 267,150 in 2010, according to Forbes. It also holds over 200 million customer
accounts in more than 140 countries. It is one of the primary dealers in US Treasury securities. According to Forbes, at its height Citigroup used
to be the largest company and bank in the world by total assets with 357,000 employees until the global financial crisis of 2008. Today it is ranked 20th
in size under the Fortune 500 list. In comparison, JPMorgan Chase, which is ranked 16th on the Fortune 500, is now the largest bank in U.S. as of 2012.



Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive stimulus package by the U.S. government.
Its largest shareholders include funds from the Middle East and Singapore. On February 27, 2009, Citigroup announced that the United States government would
take a 36% equity stake in the company by converting US$25 billion in emergency aid into common shares with a US Treasury credit line of $45 billion to prevent
the bankruptcy of the largest bank in the world at the time.
Citigroup Official Website







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