Citibank · New York, NY United States
Company Description
View Citibank Locations On A US Map
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This link will open in a new window Citibank represents the consumer banking operations of financial services giant Citigroup . The unit has more than 1,000 branches in about a dozen US states; California and Texas are its primary markets, but the bank also has a significant presence in and around New York, Chicago, Miami, and Washington, DC. In addition, it operates about 300 additional offices in more than 50 countries. The bank provides standard banking fare such as deposit accounts, credit cards, and loans to consumers and small businesses, and utilizes its parent's breadth of financial services by also offering insurance and investment products. To read the full description, subscribe now.
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Key Citibank Financials
| Company Type | Business Segment Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $69,267.0 |
| 2008 Employees | 176,003 |
Citibank Executives
27 executives listed for Citibank's New York, NY location.
| Title | Name & Bio | Contact |
| Vice Chairman Citibank, N.A. | Alan MacDonald | Network |
| CEO | Eugene McQuade | Network |
| CFO and Director | Gary Crittenden | Network |
Competition
Competitive Landscape for Citibank
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Citibank Competitors
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