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CitibankWikipedia

Citibank
FromWikipedia,thefreeencyclopedia

Citibankistheconsumerdivisionoffinancialservices
multinationalCitigroup.Citibankwasfoundedin1812asthe
CityBankofNewYork,laterFirstNationalCityBankofNew
York.TheUnitedStatesisthelargestsinglemarketwith
approximately26%ofbranches,generating51%of
revenues.Citibank's983NorthAmericanbranchesare
concentratedinmajormetropolitanareasincludingNew
YorkCity,Chicago,LosAngeles,SanFrancisco,
Washington,D.C.,andMiami.LatinAmericamarketsmake
up25%ofrevenues,Asia20%,andEurope/MiddleEast/
Africa4%.[1]
Inadditiontostandardbankingtransactions,Citibank
marketsinsurance,creditcards,andinvestmentproducts.
Theironlineservicesdivisionisamongthemostsuccessful
inthefield,[2]claimingabout15millionusers.

CitibankNationalAssociation

Citibanklogousedsince1999
Type

Publiccompany

Founded

June16,1812

Headquarters

NewYorkCity,UnitedStates

Parent

Citigroup

Website

https://citi.com

Asaresultoftheglobalfinancialcrisisof20082009andhugelossesinthevalueofitssubprimemortgage
assets,CitibankwasbailedoutbyaidfromtheU.S.government.OnNovember23,2008,inadditiontoinitial
aidof$25billion,afurther$25billionwasinvestedinthecorporationtogetherwithguaranteesforriskyassets
amountingto$306billion.[3]Sincethistime,Citibankhasrepaiditsgovernmentloansinfull,[4]resultingina
netprofitfortheU.S.government.

Contents
1 History
1.1 Automatedbankingcard
1.2 Creditcardbusiness
1.3 Earlytechnologyadoption
1.3.1 Automatictellermachines
1.3.2 Onlinebanking
1.4 Nationwideexpansion
1.5 CitiField
1.6 20082009lossesandcostcuttingmeasures
1.7 2010topresent
2 Historicaldata
3 Subsidiaries
3.1 Jointventures
4 Internationalsubsidiaries
4.1 LatinAmerica
5 Sponsorship
6 Keypeople
7 Inmedia
8 Seealso
9 References
10 Furtherreading
11 Externallinks

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History
TheCityBankofNewYorkwasfoundedonJune16,1812.Thefirst
presidentoftheCityBankwasthestatesmanandretiredColonel,
SamuelOsgood.[5]Ownershipandmanagementofthebankwastaken
overbyMosesTaylor,aprotgofJohnJacobAstorandoneofthe
giantsofthebusinessworldinthe19thcentury.DuringTaylor's
ascendancy,thebankfunctionedlargelyasatreasuryandfinancecenter
forTaylor'sownextensivebusinessempire.[6]
In1863,thebankjoinedtheU.S.'snewnationalbankingsystemand
becameTheNationalCityBankofNewYork.By1868,itwasoneof
thelargestbanksintheUnitedStates,andin1897,itbecamethefirst
majorU.S.banktoestablishaforeigndepartment.

Viewofthenortheastcornerof
WilliamandWallstreets.Thehouse
tothefarrightbecameCityBankof
NewYork'sfirsthomeat38Wall
Street,laterrenumberedas52.
(PaintingbyArchibaldRobertson,c.
1798)

WhentheFederalReserveActallowedit,[7]NationalCityBankbecame
thefirstU.S.nationalbanktoopenanoverseasbankingofficewhenit
openedabranchinBuenosAires,Argentina,in1914.ManyofCiti's
presentinternationalofficesareolderofficesinLondon,Shanghai,
Calcutta,andelsewherewereopenedin1901and1902bytheInternationalBankingCorporation(IBC),a
companycharteredtoconductbankingbusinessoutsidetheU.S.,whichwasforbiddentoU.S.nationalbanks.
In1918,IBCbecameawhollyownedsubsidiaryandwassubsequentlymergedintothebank.By1919,the
bankhadbecomethefirstU.S.banktohave$1billioninassets.[8]
CharlesE.Mitchellwaselectedpresidentin1921andin1929wasmadechairman,apositionhehelduntil
1933.UnderMitchellthebankexpandedrapidlyandby1930had100branchesin23countriesoutsidethe
UnitedStates.ThepoliciespursuedbythebankunderMitchell'sleadershipareseenbyhistoricaleconomistsas
oneoftheprimecausesofthestockmarketcrashof1929,whichledultimatelytotheGreatDepression.In
1933aSenatecommittee,thePecoraCommission,investigatedMitchellforhispartintensofmillionsof
dollarsinlosses,excessivepay,andtaxavoidance.SenatorCarterGlasssaidofhim:"Mitchell,morethanany
50men,isresponsibleforthisstockcrash."[9]
OnDecember24,1927,itsheadquartersinBuenosAires,Argentina,wereblownupbytheItaliananarchist
SeverinoDiGiovanni,intheframeoftheinternationalcampaignsupportingSaccoandVanzetti.[10][11]
In1952,JamesStillmanRockefellerwaselectedpresidentandthenchairmanin1959,servinguntil1967.
StillmanwasadirectdescendantoftheRockefellerfamilythroughtheWilliamRockefeller(thebrotherofJohn
D.)branch.In1960,hissecondcousin,DavidRockefeller,becamepresidentofChaseManhattanBank,
NationalCity'slongtimeNewYorkrivalfordominanceinthebankingindustryintheUnitedStates.
FollowingitsmergerwiththeFirstNationalBankin1955,thebankchangeditsnametoTheFirstNational
CityBankofNewYork,thenshortenedittoFirstNationalCityBankin1962.
Thecompanyorganicallyenteredtheleasingandcreditcardsectors,anditsintroductionofUSdollar
denominatedcertificatesofdepositinLondonmarkedthefirstnewnegotiableinstrumentinthemarketsince
1888.LatertobecomepartofMasterCard,thebankintroduceditsFirstNationalCityChargeServicecredit
cardpopularlyknownasthe"EverythingCard"in1967.[12]
In1976,undertheleadershipofCEOWalterB.Wriston,FirstNationalCityBank(anditsholdingcompany
FirstNationalCityCorporation)wasrenamedCitibank,N.A.(andCiticorp,respectively).Bythattime,the
bankhadcreateditsown"onebankholdingcompany"andhadbecomeawhollyownedsubsidiaryofthat
company,Citicorp(allshareholdersofthebankhadbecomeshareholdersofthenewcorporation,which
becamethebank'ssoleowner).
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ThenamechangealsohelpedtoavoidconfusioninOhiowithClevelandbasedNationalCityBank,thoughthe
twowouldneverhaveanysignificantoverlappingareasexceptforCiticreditcardsbeingissuedinthelatter
NationalCityterritory.(Inaddition,atthetimeofthenamechangetoCiticorp,NationalCityofOhiowas
mostlyaClevelandareabankandhadnotgoneonitsacquisitionspreethatitwouldlatergooninthe1990s
and2000s.)AnypossiblenameconfusionhadCitinotchangeditsnamefromNationalCityeventuallybecame
completelymootwhenPNCFinancialServicesacquiredtheNationalCityofOhioin2008asaresultofthe
subprimemortgagecrisis.

Automatedbankingcard
Shortlyafterward,thebanklaunchedtheCiticard,whichallowedcustomerstoperformalltransactionswithout
apassbook.Branchesalsohadterminalswithsimpleonelinedisplaysthatallowedcustomerstogetbasic
accountinformationwithoutabankteller.Whenautomatictellermachines(ATMs)werelaterintroduced,
customerscouldusetheirexistingCiticard.

Creditcardbusiness
Inthe1960sthebankenteredintothecreditcardbusiness.In1965,FirstNationalCityBankboughtCarte
BlanchefromHiltonHotels.Threeyearslater,thebank(underpressurefromtheU.S.government)soldthis
division.By1968,thecompanycreateditsowncreditcard.Thecard,knownas"TheEverythingCard",was
promotedasakindofEastCoastversionoftheBankAmericard.By1969,FirstNationalCityBankdecided
thattheEverythingCardwastoocostlytopromoteasanindependentbrandandjoinedMasterCharge(now
MasterCard).Citibankunsuccessfullytriedagainin19771987tocreateaseparatecreditcardbrand,the
ChoiceCard.
JohnS.ReedwasselectedCEOin1984,andCitibecameafoundingmemberoftheCHAPSclearinghousein
London.Underhisleadership,thenext14yearswouldseeCitibankbecomethelargestbankintheUnited
States,thelargestissuerofcreditcardsandchargecardsintheworld,andexpanditsglobalreachtoover90
countries.[12]
Asthebank'sexpansioncontinued,theNarreWarrenCarolineSpringscreditcardcompanywaspurchasedin
1981.In1981,CitibankcharteredaSouthDakotasubsidiarytotakeadvantageofnewlawsthatraisedthe
state'smaximumpermissibleinterestrateonloansto25percent(thenthehighestinthenation).Inmanyother
states,usurylawspreventedbanksfromcharginginterestthatalignedwiththeextremelyhighcostsoflending
moneyinthelate1970sandearly1980s,makingconsumerlendingunprofitable.Currently,thereisno
maximuminterestrateorusuryrestrictionunderSouthDakotalawwhenawrittenagreementisformed.[13]

Earlytechnologyadoption
Automatictellermachines
Inthe1970sCitibankwasoneofthefirstU.S.bankstointroduceautomatictellermachines,inordertogive
24houraccesstoaccounts.CustomerscouldusetheirexistingCiticardinthismachinetowithdrawcashand
makedeposits.InApril2006,Citibankstruckadealwith7EleventoputitsATMsinmorethan6,700
conveniencestoresintheUnitedStates.
Onlinebanking
Citibank.comwasregisteredin1991,[14]existingontheinternetyearsbeforetheworldwidewebwaslaunched.
Atthetime,itwasusedforemailandotherinternetinteractions,butasearlyas1984,Citibankpioneeredonline
accesstoaccountsusing300bauddialuponly[15]Atfirstaccesswasthroughproprietarysoftwaredistributed

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ona5.25inchfloppy.Followingthecreationoftheworldwideweb,Citibankofferedbrowserbasedaccessas
well.ThismakesCitibankoneofthelongesttermcommercial/financialresidentsofboththeinternetandthe
worldwideweb.

Nationwideexpansion
Citibank'smajorpresenceinCaliforniaisfairlyrecent.Thebankhad
onlyahandfulofbranchesinthatstatebeforeacquiringtheassetsof
CaliforniaFederalBankin2002withCiticorp'spurchaseofGolden
StateBancorpwhichhadearliermergedwithFirstNationwide
MortgageCorp.
In2001,Citibanksettleda$45millionclassactionlawsuitfor
improperlyassessinglatefees.FollowingthisCitibanklobbiedthe
UnitedStatesCongresstopasslegislationthatwouldlimitclassaction
lawsuitsto$5millionunlesstheywereinitiatedonafederallevel.Some
consumeradvocatewebsitesreportthatCitibankisstillimproperly
assessinglatefees.
InAugust2004,CitibankenteredtheTexasmarketwiththepurchaseof
FirstAmericanBankofBryan,Texas.ThedealestablishedCiti'sretail
bankingpresenceinTexas,givingCitibankover100branches,
$3.5billioninassetsandapproximately120,000newcustomersinthe
state.FirstAmericanBankwasrenamedCitibankTexasafterthetake
overwascompletedonMarch31,2005.

Citibankfootprint

ManhattanChinatownCitibank
branch(NewYorkCity)

In2006,CitibankenteredthePhiladelphiamarket,opening23branches
inthemetropolitanarea.Afterearlysuccess,thebankdecidedtocutthe
Philadelphialocationsfor"efficiencydriven"reasonsin2013.[16]
In2008,CitibankwascrownedDealoftheYearSecuritisationDealof
theYearatthe2008ALBJapanLawAwards.[17]
In2011,Citigroupannouncedplanstoexpandintothemetropolitan
areasofAtlantaandSeattle.However,todate,theseplanshavenot
cometofruition.Citihasnotconfirmednordeniedwhethertheseplans
werescrappedorarestillintheworks.

CitibankbranchonMichiganAvenue,
Chicago

In2015,CitibankannounceditwasexitingTexasandMassachusetts.
Citibankhasthebulkofits756branchesinCalifornia(317)andNewYork(245),withtheremainderin13
otherstates.[18]

CitiField
ItwasannouncedonNovember13,2006,thatCitibankwouldbethecorporatesponsorofthenewstadiumfor
theNewYorkMets.Thestadium,CitiField,openedin2009.

20082009lossesandcostcuttingmeasures
Citireportedlosing$811billionseveraldaysafterMerrillLynchannouncedthatittoohadbeenlosingbillions
fromthesubprimemortgagecrisisintheUnitedStates.
OnApril11,2007,theparentCitiannouncedstaffcutsandrelocations.[19]
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OnNovember4,2007,CharlesPrincequitasthechairmanandchiefexecutiveofCitigroup,followingcrisis
meetingswiththeboardinNewYorkinthewakeofbillionsofdollarsinlossesrelatedtosubprimelending.[20]
FormerUnitedStatesSecretaryoftheTreasuryRobertRubintookoverthechairmanship,subsequentlyhiring
VikramPanditaschiefexecutive.
InJanuary2008CitibanksolditsbranchesinPuertoRicotoPopular,Inc.
InAugust2008,afterathreeyearinvestigationbyCalifornia'sAttorneyGeneralCitibankwasorderedtorepay
the$14million(closeto$18millionincludinginterestandpenalties)thatwasremovedfrom53,000customers
accountsoveran11yearperiodfrom1992to2003.Themoneywastakenunderanelectronic"account
sweepingprogram"whereanypositivebalancesfromoverpaymentsordoublepaymentswereremoved
withoutnoticetothecustomers.[21]
OnNovember23,2008,Citigroupwasforcedtoseekfederalfinancingtoavoidacollapsesimilartothose
sufferedbyitscompetitorsBearStearnsandAIG.TheU.S.governmentprovided$25billionandguaranteesto
riskyassetstoCitigroupinexchangeforstock.Thiswasoneofaseriesofcompaniesreceivingfinancialaid
fromthegovernmentthatbeganwithBearStearnsandpeakedwiththecollapseofLehman,AIG,andthe
GSE's,andthestartoftheTARPprogram.
OnJanuary16,2009,Citigroupannouncedthatitwassplittingintotwobusinesses.Citicorpwillcontinuewith
thetraditionalbankingbusinesswhileCitiHoldingsInc.operatesnoncorebusinessessuchasbrokerage,asset
management,andlocalconsumerfinanceaswellasmanagingasetofhigherriskassets.Thesplitwas
presentedasallowingCitibanktoconcentrateonitscorebankingbusiness.[22]

2010topresent
OnOctober19,2011,Citigroupagreedto$285millioncivilfraudpenalty.[23]
In2013,CitibankwasawardedGlobalBankoftheYearinTheBanker'sannualawards.[24]
In2015,CitigroupInc.'sconsumerbankwasorderedtopay$770millioninrelieftoborrowersforillegalcredit
cardpractices.TheU.S.ConsumerFinancialProtectionBureausaidthatabout7millioncustomeraccounts
wereaffectedbyCitibank's"deceptivemarketing"practices,whichincludedmisrepresentingcostsandfeesand
chargingcustomersforservicestheydidnotreceive.[25]

Historicaldata

Asset/LiabilityRatio

NetIncome

[26]

CitiBankwasthethirdlargestbankattheendof2008asanindividualbank.

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Subsidiaries
AccordingtotheCitigroupwebsite,untilOctober2006,Citibankranthefollowingsubsidiaries:
Citibank,N.A.(NationalAssociation)The"original"Citibank,primarilydoingbusinessinNewYork
StateandthetristateNewYorkmetropolitanarea.Alsotheparentcompanyoftheothersubsidiaries.[27]
CitibankCanadaOneofCanada'slongestservingforeignbanks,currentlywith3,400employeesfrom
coasttocoast.
CitibankTexas,N.A.TheformerFirstAmericanbank.[27]
Citibank(West),F.S.B.TheformerCiticorpSavings(asavingsandloanoperatinginCalifornia),as
wellastheformerCaliforniaFederalBankandGoldenStateBank.[27]
Citibank,F.S.B.TheprimaryCitibanksubsidiaryservingallotherstates,basedinChicago.[27]
CitibankBanamexUSAFormallyCaliforniaCommerceBank,Banamex'sU.S.bankingdivision.
Citibank(SouthDakota),N.A.AcreditcardandlendingonlybankbasedinSiouxFalls,SouthDakota,
includingtheformerAssociatesNationalBank.
UniversalFinancialCorp.Acreditcardbank,purchasedin1997,thatmanagestheAT&TUniversal
Card.
OnOctober1,2006,amassiverestructuringdesignedtostreamlinethevariousCitibankbankingcharters
occurred.Citibank,N.A.absorbedthefollowingdivisions,withitsheadquartersforFDICpurposesbeingits
ParadiseRoadLasVegas,Nevadabranch.
Citibank,FSB
Citibank(West),FSB
Citibank,Texas,N.A.
CitibankDelaware
CitibankBanamexUSA
CiticorpTrust,N.A.(California)
ThefollowingdivisionswereconsolidatedintoCitibank(SouthDakota),N.A.,withitsheadquartersforFDIC
purposesbeinginSiouxFalls,SouthDakota.
Citibank,Nevada,N.A.
CitibankUSA,N.A.
UniversalFinancialCorp.
CitibankSouthDakota,FSB
OnMarch29,2011,Citibank,N.A.andCitibank(SouthDakota),N.A.announcedtheirintentionstofurther
consolidatetheirbankingchartersbyannouncingamerger[28]whichwasfinalizedonJuly1,2011.[29]The
survivingFDICcharterwasthatofCitibank,N.A.which,aspartofthemerger,moveditsheadquarterstothat
ofCitibank(SouthDakota),N.A.'sinSiouxFalls.
In2005,Macy's,Inc.underitsformercorporatenameFederatedDepartmentStores,solditsconsumercredit
portfoliotoCitigroup,reissuingitscardsundertheFederatedCitigroupAlliancenameDepartmentStores
NationalBank(DSNB)andallowingFederatedtocontinueservicingthecreditaccountsfromitsFinancial,
AdministrativeandCreditServicesGroup(FACSGroupInc.).ThecardsinvolvedareMacy'sand
Bloomingdale's.
Citibank'sprivatelabelcreditcarddivision,CitiRetailServices,issuesstoreissuedcreditcardforsuch
companiesas:Sears,ConocoPhillips,ExxonMobil,TheHomeDepot,Staples,ShellOil,andothers.Asof
September9,2013,CitibankalsopurchasedtheportfolioforBestBuyfromCapitalOne[30]
TheGermanbranch,theCitibankPrivatkundenAG&Co.KGaAwassoldinJuly2008totheFrenchCrdit
MutuelGroup.OnFebruary22,2010itwasrenamedtoTargobank.

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Jointventures
MobileMoneyVentures,ajointventurewithSKTelecom

Internationalsubsidiaries
CitibankAlgeria
CitibankArgentina
CitibankAustralia
CitibankBangladesh
CitibankBulgaria
CitibankCanada
CitibankChina
Citibank(Colombia)
CitibankCzechRepublic
Citibank(DemocraticRepublicofCongo)
Citibank(DominicanRepublic)
CitibankEcuador
Citibank(Egypt)
Citibank(HongKong)
CitibankHungary
CitibankIndia
CitibankIndonesia
CitibankJamaica
CitibankJapan
CitibankJordan
CitibankKazakhstan
CitibankKenya
CitibankKorea
CitibankMalaysia
CitibankNewZealand
CitibankNigeria
CitibankPakistan
CitibankPhilippines
CitiHandlowy(Poland)
CitibankPortugal
CitibankRomania
CitibankRussia
Samba(CitibankforSaudiArabia)
CitibankInternationalPersonalBankSingapore/CitibankIPBSingapore
CitibankSingapore
CitibusinessSingapore
CitibankSlovakia
CitibankTaiwan
CitibankThailand
CitibankTrinidadandTobago
CitibankTunisia
CitibankTurkey
CitibankUnitedKingdom
CitibankUganda
CitibankUAE
CitibankUkraine
CitibankVietnam

LatinAmerica
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CitibankArgentina
CitibankBancodeCuscatlan
CitibankBrasil
CitibankChile(BoughtoutbyBancodeChile)
CitibankColombia,Cititrust,Citivalores
CitibankCostaRica
CitibankEcuador
CitibankGuatemala
Citibank(Honduras)
Citibanamex(whichownstheCaliforniaBankofCommerce)
CitibankNicaraguaBancoUno
CitibankPanamaBancoUno
CitibankParaguay
CitibankPeru
CitibankElSalvadorBancoUno
CitibankUruguay
CitibankVenezuela

Sponsorship
CitibanksponsorstheCitiFieldinNewYorkaswellasthe500ATPTournamentinWashingtonD.C.
CitibankbecameamajorsponsoroftheSydneySwansin2005,whoplayintheAFL.
Inthelate1970s,FirstNationalCitywasheavilyinvolvedinIndyCarracing,sponsoringmajordriverslike
JohnnyRutherford[31]andAlUnser,Sr.Unserwonthe1978Indianapolis500inFirstNationalCityTravelers
Checkslivery.

Keypeople
(LUZMARINACAICEDO)(Curvita)Chairman,Citigroup
(MichaelCorbat)CEO,Citigroup

Inmedia
ReferredtoinRockbandCake's"ShortSkirt/LongJacket"songonthealbumComfortEagle,"...at
Citibankwewillmeetaccidentally..."
PoliticalcartoonistMichelKichkasatirizedCitibankinhis1982poster"AndILoveNewYork."The
letteringabovetheentrancetoaNewYorkCitybranchread"Citibang."Meanwhile,astockingwearing
bankrobberexitsandfiresshotsatNYPDofficersrespondingtotherobbery.[32]

Seealso
Citigold
CitigroupCenter
ListofchairmenofCitigroup
SanfordI.Weill

References
1."CitigroupSEC10KFiling,Q42013"(PDF).Citigroup.20140303.Retrieved20161005.
2."CitibankOnlineBanking".OnlineBankWatch.Retrieved20121120.

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3."GovernmentunveilsboldplantorescueCitigroup".AssociatedPress.November24,2008.Archivedfromthe
originalonDecember4,2008.RetrievedNovember24,2008.
4.Barr,Colin(March30,2010)."CitirepaiditsTroubledAssetReliefProgramloansinDecember2010".CNN.
RetrievedMarch30,2010.
5.Citigroup(http://www.citigroup.com/citi/#!200)Retrieved20120608
6.Citibank,18121970.byHaroldvanB.Cleveland,TomasF.Huertas,http://www.amazon.com/Citibank18121970
HaroldvanCleveland/dp/0674131762/ref=sr_1_1?ie=UTF8&qid=1423749292&sr=8
1&keywords=Citibank%2C+18121970
7."ExtendingourForeignCommerce".TheIndependent.Jul13,1914.RetrievedAugust14,2012.
8."HistoryofCitibank,N.A.".citigroup.com.Archivedfromtheoriginalon20110604.Retrieved20161015.
9.DamnationofMitchell(http://www.time.com/time/magazine/article/0,9171,7452721,00.html)TimeMagazine1929.
10.Aliano,David(2012).Mussolini'sNationalProjectinArgentina.FairleighDickinsonUniversityPress.p.131.
ISBN9781611475777.RetrievedAugust6,2014.
11.DavidGoldman(July30,2014)."Ratingsagency:Argentinain'selectivedefault' ".TheNews&Observer.
12."AboutCitiCitibank,N.A.".Citigroup.ArchivedfromtheoriginalonApril16,2007.RetrievedMay12,2007.
13.[1](http://legis.state.sd.us/statutes/DisplayStatute.aspx?Type=Statute&Statute=5431.1),SouthDakotaStatutes.
14.$whoiscitibank.com(http://www.whois.com/whois/citibank.com)
15.https://archive.org/details/1984citibankhomebank
16.[2](http://www.bizjournals.com/philadelphia/news/2013/12/17/citibankpullingoutofphiladelphia.html)
17.legalbusinessonline.com.au(http://www.legalbusinessonline.com.au)
18.USBankLocations:CitibankLocations(http://www.usbanklocations.com/citibanklocations.htm).
19."Citigroupjobcutscouldcutcrucialrevenue,too(http://money.cnn.com/2007/04/11/news/companies/citigroup/index.
htm?postversion=2007041108)".CNN.April11,2007.
20.Citigroup'sPrinceStepsDown,RubinNamedChairman(Update3),Bloomberg,November4,2007,retrieved
February9,2015
21.Egelco,Bob(August27,2008)."Citibanksettleswithstate,torepaymillions"(http://www.sfgate.com/cgibin/articl
e.cgi?f=/c/a/2008/08/26/BU3A12ILN1.DTL)SanFranciscoChronicle.RetrievedNovember23,2008.
22."CititoReorganizeintoTwoOperatingUnitstoMaximizeValueofCoreFranchise"(Pressrelease).Citigroup.
January16,2009.RetrievedSeptember20,2010.
23.Citigroupagreesto$285millioncivilfraudpenalty|JayBookman(http://blogs.ajc.com/jaybookmanblog/2011/10/1
9/citigroupagreesto285millioncivilfraudpenalty/).Blogs.ajc.com(20111019).Retrievedon20131206.
24."BankoftheYearAwards2013globalandregionalwinners".TheBanker.November29,2013.Retrieved
December4,2013.
25.Naidu,Richa."Citiorderedtopay$770millionovercreditcardpractices".reuters.com.Reuters.Retrieved21July
2015.
26."MoneyEconomicsTop10BanksProject".
27."HomeSavingsofAmerica".FederalDepositInsuranceCorporation.September16,2010.RetrievedSeptember20,
2010.
28."FilingDetail".RetrievedJuly4,2011.
29."UNITEDSTATESSECURITIESANDEXCHANGECOMMISSIONWashington,D.C.20549".RetrievedJuly4,
2011.
30.CititakesoverBestBuy'screditcardprogramNewYorkBusinessJournal(http://www.bizjournals.com/newyork/ne
ws/2013/09/09/cititakesoverbestbuyscredit.html).Bizjournals.com(20130909).Retrievedon20131206.
31.https://www.pinterest.com/pin/405675878912187678/
32."....AndILoveNewYork".Rogallery.com.Retrieved10November2012.

Furtherreading
Wriston:WalterWriston,Citibank,andtheRiseandFallofAmericanFinancialSupremacy.PhillipL.
Zweig,NewYork:Crown,1996.
Citibank,18121970.HaroldvanB.Cleveland&ThomasF.Huertas(HarvardBusinessHistory
Studies),Boston:HarvardUniversityPress,1985.

Externallinks
Officialwebsite(https://online.citibank.com)

https://en.wikipedia.org/wiki/Citibank

WikimediaCommonshas
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