Citigroup Inc · New York, NY United States
Company Description
Phone: 212-559-1000
Toll Free: 800-285-3000
Rankings
- #358 in FT Global 500
- #12 in FORTUNE 500
- S&P 500
More Companies in: New York, New York
More Companies in These Related Industries: Life Insurance, Securities Brokers, Surety Insurance, Commercial Banking, Consumer Lending
View Citigroup Inc Locations On A US Map
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This link will open in a new window This is the Citi. One of the largest financial services firms known to man, Citigroup (also known as Citi) has some 200 million customer accounts and does business in more than 100 countries. Citigroup offers deposits and loans (mainly through Citibank ), investment banking, brokerage, wealth management, alternative investments, and other financial services. Reeling from $90 billion in writedowns and losses on mortgage-related securities and other investments, Citigroup announced plans in early 2009 to split itself in two. The major reorganization will hive off its money-losing assets from its banking divisions. To read the full description, subscribe now.
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Key Citigroup Inc Financials
| Company Type | Public Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $52,793.0 |
| 2008 Employees | 326,900 |
Citigroup Inc Executives
114 executives listed for Citigroup Inc's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman | Richard Parsons | |
| Vice Chairman | Lewis Kaden | |
| Senior Vice Chairman; Senior International Officer, Citi | William Rhodes |
Competition
Competitive Landscape for Citigroup Inc
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 Citigroup Inc Competitors
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