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Headquarters: 399 Park Ave.
New York, NY 10043
Phone: 212-559-1000
Employees: 350,000
CEO: Vikram Pandit
Stock Symbol: C

Website: http://www.citigroup.com

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Citigroup is one of the world's leading financial services companies with 200 million accounts in 100 countries. It operates Citibank, one of the world's leading banks.

Due to financial problems, Citigroup received $20 billion from the U.S. Treasury starting in 2008 under the Troubled Asset Relief Program (TARP) in exchange for preferred stock. Citigroup paid back this money by the end of 2009.

The company reported revenues of $91.1 billion and net loss for 2009 of $1.6 billion.

"We have made enormous progress in 2009," said Vikram Pandit, Chief Executive Officer of Citigroup. "It was our responsibility to get our own house in order. We greatly improved Citi's capital strength, reduced the size and scope of the company, and refocused our business strategy to take advantage of our unmatched global network. We created Citi Holdings to rationalize non-strategic businesses, totally overhauled risk management, cut costs by over $13 billion annually, reduced headcount by 100,000, and reduced assets by $500 billion from peak levels."

Citi is made up of two businesses, Citicorp and Citi Holdings.

Citicorp

Citicorp is a global bank serving businesses and consumers. It will include "core" Citi properties and have a presence in high-growth emerging markets around the world.

Citicorp's Global Institutional Bank is made of:

* Global Transaction Services: an industry-leading business with a global network in about 140 countries.
* Corporate and Investment Bank: world-class relationship banking offering full range of advisory, underwriting, lending and market-making services; now re-focused with a lower risk profile.
* Citi Private Bank: global banking serving high-net-worth individuals, including about 30 percent of the world's billionaires.

Citicorp's Retail Bank consists of:

* Branded card businesses globally.
* Regional consumer and commercial banking franchises in the U.S., Asia, Latin America, Central and Eastern Europe, and the Middle East.

Citi Holdings

* Brokerage and asset management: including the 49 percent stake in Morgan Stanley Smith Barney and Primerica Financial Services.
* Local consumer finance: including CitiFinancial and CitiMortgage in the U.S., and consumer finance operations in Western Europe, Japan, India, Mexico, Brazil, Thailand and Hong Kong.
* Special asset pool: manage the assets covered by the loss-sharing agreement with the U.S. government parties in the ring-fenced portfolio; and other non-strategic assets.

History

On June 16, 1812, New York State charters City Bank of New York with $2 million in capital. It opened for business on Sept. 14,1812 to serve a group of merchants. In 1865, City Bank joins the new U.S. national banking system and becomes The National City Bank of New York. By 1894, City Bank was the largest bank in the country. The bank would introduce traveler's checks in 1901 and moved to larger quarters at 55 Wall Street, its headquarters until 1961. The company would move into its current location at 399 Park Ave. in 1961.

In 1955, the bank changed its name to The First National City Bank of New York. The company would become Citibank, N.A. (for National Association) in 1976.

In 1998, the company would merge with Travelers Group to become Citigroup.

Other divisions of Citigroup include: Smith Barney, founded in 1873; Banamex, formed in 1884 as a result of the merger of Banco Nacional Mexicano and Banco Mercantil Mexicano; and Salomon Brothers, which dates back to 1910 and later merged with Smith Barney, a subsidiary of Travelers Group at the time.

In January 2005, Citigroup announced that MetLife would buy the Traveler's Life Insurance business for $11.5 billion.

In 2005, the company completed the sale of its Asset Management business to Legg Mason, in exchange for Legg Mason's broker-dealer business and other consideration.

Benefits

In the U.S., employees receive comprehensive medical, dental and vision-care coverage, flexible spending accounts, life insurance and disability coverage.

It also offers a 401(k) Plan, Employee Stock Purchase Plan, Pension Plan and other select stock and stock option programs.
From : http://nyjobsource.com