Citigroup is one of the world's largest diversified financial services firms, and generated revenues of over $81 billion in 2007. The firm's principal businesses include: Global Consumer Group, Corporate and Investment Banking, Global Wealth Management, and Alternative Investments. Citigroup makes money by underwriting debt and equity issues, meaning that Citigroup helps other companies issue bonds or stocks to raise money. The firm also provides wealth management advice to wealthy clients in addition to providing mortgages, credit cards, and other financial services through its commercial banking division. The firm had over $2.1 trillion in assets as of December 30, 2007, serves clients through 2,900 retail branch locations and 1,800 consumer finance locations, and employs 332,000 people in 50 different countries. Citigroup maintains 4 main business lines, each with a global emphasis: 1. Consumer Banking, 2. Corporate & Investment Banking, 3. Wealth Management, and 4. Alternative Investments. Corporate & Investment Bank Global Banking offers financial advice to companies raising capital or involved in mergers and acquisitions. As a global enterprise, Citi is known for leading very large transactions. The strength of the company's balance sheet allow it to bid aggressively for business by offering potential customers financing as an added incentive for doing business with them. Global Capital Markets provides sales, trading, and research services. Like the Corporate & Investment Bank, the company's focus is on large transactions for companies and high-net worth retail investors. To provide clients with a global reach, the firm frequently relies on its strength in local areas of expertise. This network has attracted enough clients to make Citi the second largest brokerage system in the U.S. The global emphasis enables Citi to be a part of most major transactions Transaction Services provides clients with cash management and treasury services. As a corporate banking function, Citi provides custody services, ensuring that substantial amounts of capital are transferred to the appropriate recipients. The firm is known for having clients who hold global accounts under multiple asset classes whose reporting must be streamlined into one processing system. Wealth Management The Citigroup Private Bank provides high-net worth clients with trust maintenance and advisory services--including managing relationships with clients and referring them to other divisions/product offerings of Citi. The Private Bank maintains a network of 470 professionals and 290 specialists in over 30 countries. Smith Barney is the traditional private wealth management unit of Citigroup. The division's clients are high-net worth individuals and institutions. The latter includes governments, private firms, companies, and foundations. International in its reach, the Smith Barney network has over 13,000 financial advisors in over 600 offices. Smith Barney is responsible for more than $1.2 trillion in client assets. Citigroup Investment Research is founded on over 390 research professionals across 22 geographies. The research team covers 3,100 companies, representing 90 percent of all the companies featured in the major international benchmarks. Other specialists provide macroeconomic and other quantitative analyses of markets and sector trends. The goal of this arm is to assist clients in making investment decisions through careful and insightful analysis and examination. Alternative Investments Founded in 2005, this arm represents Citi's endeavor to enter the booming market for assets not highly traded in the public capital markets.
Company Name :
Citigroup
399 Park Avenue, New York, New York, United States, 10043
Citigroup is one of the world's largest diversified financial services firms, and generated revenues of over $81 billion in 2007. The firm's principal businesses include: Global Consumer Group, Corporate and Investment Banking, Global Wealth Manageme....
New York – Citi today announced that Lead Director and Chair of the
Board's Nomination and Governance Committee, Richard D. Parsons, will
succeed Sir Win Bi ...
NEW YORK – The Board of Directors of Citigroup (NYSE: C) today
declared a quarterly dividend on the company's common stock of one cent
per share, payable on ...
