* City Bank of New York opened for business in New York City on June 16, 1812 with $2 million in capital. Today, Citigroup is New York City’s second largest private employer.
* Citicorp merged with financier Sanford Weill’s Travelers Group — itself a combination of insurer Travelers, brokerages Salomon Brothers and Smith Barney and financial planner Primerica — in 1998.
* Citigroup has 200 million customers in more than 100 countries across six continents. It is the world’s largest provider of credit cards.
* Citigroup was the world’s largest bank by market value as recently as 2007, when it was worth more than $250 billion. At Friday’s close it was worth just $20.5 billion, making it smaller than each of Canada’s top three banks.
* Citigroup had been the top U.S. bank by assets until it was overtaken by JP Morgan Chase & Co in October. Citigroup ended September with $2.05 trillion in assets, compared with $2.25 trillion at JP Morgan
Popularity: 2% [?]
