Ruby Falcon June 7th, 2012

Bank Research Project

INDEX

‣History ‣Organization ‣Services ‣Mission ‣Locations ‣Finances ‣Problems ‣Interesting Facts

2

History of

• Founded in 1812 as the City Bank of New York • Managed by Moses Taylor • In 1863, City Bank became the National City Bank of New York. • By 1868, it was one of the largest banks in the USA. • The name was shorten later on to Citi Bank. • In order to avoid confusion with other National City Banks such as Ohio’s National City Bank

Organization of Citi Bank

• Citi is organized in two major separate segments

CitiCorp

This includes •Retail Banking, Local Commercial Banking and Citi Personal Wealth Management •Citi-Branded Cards •Citi Retail Services •Asset Management

Citi Holdings
This includes •Brokerage and Asset Management •Local Consumer Lending •Special Asset Pool

Services
• Full Service Bank
• Free online banking • 24/7 Customer Support

• “Citi” Text Banking

• Global Transfers

• Account Alerts

• Checking Accounts

• Online Check Images

• Saving Accounts

• AND OTHER SERVICES

Mission Statement

Said by CEO Vikram Pandit on January 7th, 2011

Locations
•Citibank was the first GLOBAL
bank •There are over 1,300 branches •Employing 200,245 people

Finances

Problems
• 2007-2010 • Citi lost $8-11 billion • staff was cut and there were many relocations

Interesting Facts
• Citi Bank serves approximately 200 million client accounts and operate in more than 160 countries. • Citi pays its CEO, Vikram Pandit, $4,567 an hour and pays its tellers $12 an hour.

• meaning it pays its CEO the equivalent of 380 workers pay.

serve approximately 200 million client accounts and operate in more than 160 countries.

Work Cited
• “Citibank” Wikipedia, The Free Encyclopedia. Wikimedia Foundation, Inc. Web. • "Citibank Online." Citibank.com. Web. • Pandit, Vikram. “Citi Mission Statement and Principles.” Citibank.com Web.

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