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Citigroup - Wikipedia

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id="toc-Citicorp_(1812–1985)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Citicorp_(1812–1985)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.1</span> <span>Citicorp (1812–1985)</span> </div> </a> <ul id="toc-Citicorp_(1812–1985)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Travelers_Group_(1986–2007)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Travelers_Group_(1986–2007)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.2</span> <span>Travelers Group (1986–2007)</span> </div> </a> <ul id="toc-Travelers_Group_(1986–2007)-sublist" class="vector-toc-list"> <li id="toc-Ownership_of_Salomon_Brothers_(1997–2003)" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Ownership_of_Salomon_Brothers_(1997–2003)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.2.1</span> <span>Ownership of Salomon Brothers (1997–2003)</span> </div> </a> <ul id="toc-Ownership_of_Salomon_Brothers_(1997–2003)-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Merger_of_Citicorp_and_Travelers_(1998–2001)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Merger_of_Citicorp_and_Travelers_(1998–2001)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.3</span> <span>Merger of Citicorp and Travelers (1998–2001)</span> </div> </a> <ul id="toc-Merger_of_Citicorp_and_Travelers_(1998–2001)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Spin-off_of_Travelers_(2002)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Spin-off_of_Travelers_(2002)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.4</span> <span>Spin-off of Travelers (2002)</span> </div> </a> <ul id="toc-Spin-off_of_Travelers_(2002)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Subprime_mortgage_crisis_(2007)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Subprime_mortgage_crisis_(2007)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.5</span> <span>Subprime mortgage crisis (2007)</span> </div> </a> <ul id="toc-Subprime_mortgage_crisis_(2007)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Failed_takeover_of_Nikko_Asset_Management" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Failed_takeover_of_Nikko_Asset_Management"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.6</span> <span>Failed takeover of Nikko Asset Management</span> </div> </a> <ul id="toc-Failed_takeover_of_Nikko_Asset_Management-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Collapse_and_US_government_intervention_(2008)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Collapse_and_US_government_intervention_(2008)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.7</span> <span>Collapse and US government intervention (2008)</span> </div> </a> <ul id="toc-Collapse_and_US_government_intervention_(2008)-sublist" class="vector-toc-list"> <li id="toc-TARP_funding" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#TARP_funding"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.7.1</span> <span>TARP funding</span> </div> </a> <ul id="toc-TARP_funding-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Creation_of_Citi_Holdings_(2009)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Creation_of_Citi_Holdings_(2009)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.8</span> <span>Creation of Citi Holdings (2009)</span> </div> </a> <ul id="toc-Creation_of_Citi_Holdings_(2009)-sublist" class="vector-toc-list"> <li id="toc-Sale_of_Smith_Barney_(2009)" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Sale_of_Smith_Barney_(2009)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.8.1</span> <span>Sale of Smith Barney (2009)</span> </div> </a> <ul id="toc-Sale_of_Smith_Barney_(2009)-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Return_to_profitability,_denationalization_(2010)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Return_to_profitability,_denationalization_(2010)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.9</span> <span>Return to profitability, denationalization (2010)</span> </div> </a> <ul id="toc-Return_to_profitability,_denationalization_(2010)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Expansion_of_retail_banking_operations_(2011)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Expansion_of_retail_banking_operations_(2011)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.10</span> <span>Expansion of retail banking operations (2011)</span> </div> </a> <ul id="toc-Expansion_of_retail_banking_operations_(2011)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Expansion_of_credit_card_operations_(2011)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Expansion_of_credit_card_operations_(2011)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.11</span> <span>Expansion of credit card operations (2011)</span> </div> </a> <ul id="toc-Expansion_of_credit_card_operations_(2011)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Chinese_investment_banking_joint_venture_(2012)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Chinese_investment_banking_joint_venture_(2012)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.12</span> <span>Chinese investment banking joint venture (2012)</span> </div> </a> <ul id="toc-Chinese_investment_banking_joint_venture_(2012)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Federal_Reserve_stress_tests_(2012–2016)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Federal_Reserve_stress_tests_(2012–2016)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.13</span> <span>Federal Reserve stress tests (2012–2016)</span> </div> </a> <ul id="toc-Federal_Reserve_stress_tests_(2012–2016)-sublist" class="vector-toc-list"> <li id="toc-Spin-off_of_Napier_Park_Global_Capital_(2013)" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Spin-off_of_Napier_Park_Global_Capital_(2013)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.13.1</span> <span>Spin-off of Napier Park Global Capital (2013)</span> </div> </a> <ul id="toc-Spin-off_of_Napier_Park_Global_Capital_(2013)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Downsizing_of_consumer_banking_unit_(2014)" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Downsizing_of_consumer_banking_unit_(2014)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.13.2</span> <span>Downsizing of consumer banking unit (2014)</span> </div> </a> <ul id="toc-Downsizing_of_consumer_banking_unit_(2014)-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-2015_onwards" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#2015_onwards"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.14</span> <span>2015 onwards</span> </div> </a> <ul id="toc-2015_onwards-sublist" class="vector-toc-list"> <li id="toc-Combination_of_Markets_and_Securities_Services_(2019)" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Combination_of_Markets_and_Securities_Services_(2019)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.14.1</span> <span>Combination of Markets and Securities Services (2019)</span> </div> </a> <ul id="toc-Combination_of_Markets_and_Securities_Services_(2019)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Shrinking_of_consumer_banking_unit_(2021–2024)" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Shrinking_of_consumer_banking_unit_(2021–2024)"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.14.2</span> <span>Shrinking of consumer banking unit (2021–2024)</span> </div> </a> <ul id="toc-Shrinking_of_consumer_banking_unit_(2021–2024)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Involvement_in_controlling_the_sale_of_guns" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Involvement_in_controlling_the_sale_of_guns"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.14.3</span> <span>Involvement in controlling the sale of guns</span> </div> </a> <ul id="toc-Involvement_in_controlling_the_sale_of_guns-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> </ul> </li> <li id="toc-Offices" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Offices"> <div class="vector-toc-text"> <span class="vector-toc-numb">2</span> <span>Offices</span> </div> </a> <button aria-controls="toc-Offices-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Offices subsection</span> </button> <ul id="toc-Offices-sublist" class="vector-toc-list"> <li id="toc-New_York_City" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#New_York_City"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.1</span> <span>New York City</span> </div> </a> <ul id="toc-New_York_City-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Citigroup_EMEA" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Citigroup_EMEA"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.2</span> <span>Citigroup EMEA</span> </div> </a> <ul id="toc-Citigroup_EMEA-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Citibank_Vietnam" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Citibank_Vietnam"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.3</span> <span>Citibank Vietnam</span> </div> </a> <ul id="toc-Citibank_Vietnam-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Naming_rights_to_Citi_Field" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Naming_rights_to_Citi_Field"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.4</span> <span>Naming rights to Citi Field</span> </div> </a> <ul id="toc-Naming_rights_to_Citi_Field-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Sioux_Falls" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Sioux_Falls"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.5</span> <span>Sioux Falls</span> </div> </a> <ul id="toc-Sioux_Falls-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Regulatory_action,_lawsuits,_and_arbitration" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Regulatory_action,_lawsuits,_and_arbitration"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>Regulatory action, lawsuits, and arbitration</span> </div> </a> <button aria-controls="toc-Regulatory_action,_lawsuits,_and_arbitration-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Regulatory action, lawsuits, and arbitration subsection</span> </button> <ul id="toc-Regulatory_action,_lawsuits,_and_arbitration-sublist" class="vector-toc-list"> <li id="toc-Enron,_WorldCom,_and_Global_Crossing_bankruptcies" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Enron,_WorldCom,_and_Global_Crossing_bankruptcies"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.1</span> <span>Enron, WorldCom, and Global Crossing bankruptcies</span> </div> </a> <ul id="toc-Enron,_WorldCom,_and_Global_Crossing_bankruptcies-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Senior_leadership" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Senior_leadership"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>Senior leadership</span> </div> </a> <button aria-controls="toc-Senior_leadership-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Senior leadership subsection</span> </button> <ul id="toc-Senior_leadership-sublist" class="vector-toc-list"> <li id="toc-List_of_former_chairmen" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#List_of_former_chairmen"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.1</span> <span>List of former chairmen</span> </div> </a> <ul id="toc-List_of_former_chairmen-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-List_of_former_chief_executives" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#List_of_former_chief_executives"> <div class="vector-toc-text"> <span class="vector-toc-numb">4.2</span> <span>List of former chief executives</span> </div> </a> <ul id="toc-List_of_former_chief_executives-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Financial_data" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Financial_data"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>Financial data</span> </div> </a> <ul id="toc-Financial_data-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Ownership" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Ownership"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>Ownership</span> </div> </a> <ul id="toc-Ownership-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Criticism" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Criticism"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>Criticism</span> </div> </a> <button aria-controls="toc-Criticism-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Criticism subsection</span> </button> <ul id="toc-Criticism-sublist" class="vector-toc-list"> <li id="toc-Criminal_cartel_charges_in_Australia" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Criminal_cartel_charges_in_Australia"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.1</span> <span>Criminal cartel charges in Australia</span> </div> </a> <ul id="toc-Criminal_cartel_charges_in_Australia-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Conflicts_of_interest_on_investment_research" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Conflicts_of_interest_on_investment_research"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.2</span> <span>Conflicts of interest on investment research</span> </div> </a> <ul id="toc-Conflicts_of_interest_on_investment_research-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Citigroup_proprietary_government_bond_trading_scandal_of_2004" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Citigroup_proprietary_government_bond_trading_scandal_of_2004"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.3</span> <span>Citigroup proprietary government bond trading scandal of 2004</span> </div> </a> <ul id="toc-Citigroup_proprietary_government_bond_trading_scandal_of_2004-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Plutonomy_report" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Plutonomy_report"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.4</span> <span>Plutonomy report</span> </div> </a> <ul id="toc-Plutonomy_report-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-2001–2009" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#2001–2009"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.5</span> <span>2001–2009</span> </div> </a> <ul id="toc-2001–2009-sublist" class="vector-toc-list"> <li id="toc-Terra_Securities_scandal" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Terra_Securities_scandal"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.5.1</span> <span>Terra Securities scandal</span> </div> </a> <ul id="toc-Terra_Securities_scandal-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Allegations_of_theft_from_customer_accounts" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Allegations_of_theft_from_customer_accounts"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.5.2</span> <span>Allegations of theft from customer accounts</span> </div> </a> <ul id="toc-Allegations_of_theft_from_customer_accounts-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-2010–2019" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#2010–2019"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.6</span> <span>2010–2019</span> </div> </a> <ul id="toc-2010–2019-sublist" class="vector-toc-list"> <li id="toc-Shareholder_rejection_of_executive_compensation_plan" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Shareholder_rejection_of_executive_compensation_plan"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.6.1</span> <span>Shareholder rejection of executive compensation plan</span> </div> </a> <ul id="toc-Shareholder_rejection_of_executive_compensation_plan-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Accusations_of_futures_market_manipulation" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Accusations_of_futures_market_manipulation"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.6.2</span> <span>Accusations of futures market manipulation</span> </div> </a> <ul id="toc-Accusations_of_futures_market_manipulation-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Alleged_money_laundering_by_Raul_Salinas" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Alleged_money_laundering_by_Raul_Salinas"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.6.3</span> <span>Alleged money laundering by Raul Salinas</span> </div> </a> <ul id="toc-Alleged_money_laundering_by_Raul_Salinas-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-2020s" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#2020s"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.7</span> <span>2020s</span> </div> </a> <ul id="toc-2020s-sublist" class="vector-toc-list"> <li id="toc-Failure_to_establish_effective_risk_management" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Failure_to_establish_effective_risk_management"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.7.1</span> <span>Failure to establish effective risk management</span> </div> </a> <ul id="toc-Failure_to_establish_effective_risk_management-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Anti-Armenian_discrimination" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Anti-Armenian_discrimination"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.7.2</span> <span>Anti-Armenian discrimination</span> </div> </a> <ul id="toc-Anti-Armenian_discrimination-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> </ul> </li> <li id="toc-Communications" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Communications"> <div class="vector-toc-text"> <span class="vector-toc-numb">8</span> <span>Communications</span> </div> </a> <button aria-controls="toc-Communications-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Communications subsection</span> </button> <ul id="toc-Communications-sublist" class="vector-toc-list"> <li id="toc-Lobbying" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Lobbying"> <div class="vector-toc-text"> <span class="vector-toc-numb">8.1</span> <span>Lobbying</span> </div> </a> <ul id="toc-Lobbying-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Public_and_governmental_relations" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Public_and_governmental_relations"> <div class="vector-toc-text"> <span class="vector-toc-numb">8.2</span> <span>Public and governmental relations</span> </div> </a> <ul id="toc-Public_and_governmental_relations-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Notable_staff" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Notable_staff"> <div class="vector-toc-text"> <span class="vector-toc-numb">9</span> <span>Notable staff</span> </div> </a> <button aria-controls="toc-Notable_staff-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Notable staff subsection</span> </button> <ul id="toc-Notable_staff-sublist" class="vector-toc-list"> <li id="toc-Current" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Current"> <div class="vector-toc-text"> <span class="vector-toc-numb">9.1</span> <span>Current</span> </div> </a> <ul id="toc-Current-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Former" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Former"> <div class="vector-toc-text"> <span class="vector-toc-numb">9.2</span> <span>Former</span> </div> </a> <ul id="toc-Former-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-See_also" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#See_also"> <div class="vector-toc-text"> <span class="vector-toc-numb">10</span> <span>See also</span> </div> </a> <ul id="toc-See_also-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">11</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Further_reading" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Further_reading"> <div class="vector-toc-text"> <span class="vector-toc-numb">12</span> <span>Further reading</span> </div> </a> <ul id="toc-Further_reading-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">13</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" title="Table of Contents" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " aria-label="Toggle the table of contents" > <label id="vector-page-titlebar-toc-label" for="vector-page-titlebar-toc-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-listBullet mw-ui-icon-wikimedia-listBullet"></span> <span class="vector-dropdown-label-text">Toggle the table of contents</span> </label> <div class="vector-dropdown-content"> <div id="vector-page-titlebar-toc-unpinned-container" class="vector-unpinned-container"> </div> </div> </div> </nav> <h1 id="firstHeading" class="firstHeading mw-first-heading"><span class="mw-page-title-main">Citigroup</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Go to an article in another language. Available in 44 languages" > <label id="p-lang-btn-label" for="p-lang-btn-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--action-progressive mw-portlet-lang-heading-44" aria-hidden="true" ><span class="vector-icon mw-ui-icon-language-progressive mw-ui-icon-wikimedia-language-progressive"></span> <span class="vector-dropdown-label-text">44 languages</span> </label> <div class="vector-dropdown-content"> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li class="interlanguage-link interwiki-ar mw-list-item"><a href="https://ar.wikipedia.org/wiki/%D8%B3%D9%8A%D8%AA%D9%8A_%D8%BA%D8%B1%D9%88%D8%A8" title="سيتي غروب – Arabic" lang="ar" hreflang="ar" data-title="سيتي غروب" data-language-autonym="العربية" data-language-local-name="Arabic" class="interlanguage-link-target"><span>العربية</span></a></li><li class="interlanguage-link interwiki-ast mw-list-item"><a href="https://ast.wikipedia.org/wiki/Citigroup" title="Citigroup – Asturian" lang="ast" hreflang="ast" data-title="Citigroup" data-language-autonym="Asturianu" data-language-local-name="Asturian" class="interlanguage-link-target"><span>Asturianu</span></a></li><li class="interlanguage-link interwiki-azb mw-list-item"><a href="https://azb.wikipedia.org/wiki/%D8%B3%DB%8C%D8%AA%DB%8C%D9%82%D8%B1%D9%88%D9%BE" title="سیتیقروپ – South Azerbaijani" lang="azb" hreflang="azb" data-title="سیتیقروپ" data-language-autonym="تۆرکجه" data-language-local-name="South Azerbaijani" class="interlanguage-link-target"><span>تۆرکجه</span></a></li><li class="interlanguage-link interwiki-bn mw-list-item"><a href="https://bn.wikipedia.org/wiki/%E0%A6%B8%E0%A6%BF%E0%A6%9F%E0%A6%BF%E0%A6%97%E0%A7%8D%E0%A6%B0%E0%A7%81%E0%A6%AA" title="সিটিগ্রুপ – Bangla" lang="bn" hreflang="bn" data-title="সিটিগ্রুপ" data-language-autonym="বাংলা" data-language-local-name="Bangla" class="interlanguage-link-target"><span>বাংলা</span></a></li><li class="interlanguage-link interwiki-bg mw-list-item"><a href="https://bg.wikipedia.org/wiki/Citigroup" title="Citigroup – Bulgarian" lang="bg" hreflang="bg" data-title="Citigroup" data-language-autonym="Български" data-language-local-name="Bulgarian" class="interlanguage-link-target"><span>Български</span></a></li><li class="interlanguage-link interwiki-cs mw-list-item"><a href="https://cs.wikipedia.org/wiki/Citigroup" title="Citigroup – Czech" lang="cs" hreflang="cs" data-title="Citigroup" data-language-autonym="Čeština" data-language-local-name="Czech" class="interlanguage-link-target"><span>Čeština</span></a></li><li class="interlanguage-link interwiki-da mw-list-item"><a href="https://da.wikipedia.org/wiki/Citigroup" title="Citigroup – Danish" lang="da" hreflang="da" data-title="Citigroup" data-language-autonym="Dansk" data-language-local-name="Danish" class="interlanguage-link-target"><span>Dansk</span></a></li><li class="interlanguage-link interwiki-de mw-list-item"><a href="https://de.wikipedia.org/wiki/Citigroup" title="Citigroup – German" lang="de" hreflang="de" data-title="Citigroup" data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-et mw-list-item"><a href="https://et.wikipedia.org/wiki/Citigroup" title="Citigroup – Estonian" lang="et" hreflang="et" data-title="Citigroup" data-language-autonym="Eesti" data-language-local-name="Estonian" class="interlanguage-link-target"><span>Eesti</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/Citigroup" title="Citigroup – Spanish" lang="es" hreflang="es" data-title="Citigroup" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-eo mw-list-item"><a href="https://eo.wikipedia.org/wiki/Citigroup" title="Citigroup – Esperanto" lang="eo" hreflang="eo" data-title="Citigroup" data-language-autonym="Esperanto" data-language-local-name="Esperanto" class="interlanguage-link-target"><span>Esperanto</span></a></li><li class="interlanguage-link interwiki-eu mw-list-item"><a href="https://eu.wikipedia.org/wiki/Citigroup" title="Citigroup – Basque" lang="eu" hreflang="eu" data-title="Citigroup" data-language-autonym="Euskara" data-language-local-name="Basque" class="interlanguage-link-target"><span>Euskara</span></a></li><li class="interlanguage-link interwiki-fa mw-list-item"><a href="https://fa.wikipedia.org/wiki/%D8%B3%DB%8C%D8%AA%DB%8C%E2%80%8C%DA%AF%D8%B1%D9%88%D9%BE" title="سیتی‌گروپ – Persian" lang="fa" hreflang="fa" data-title="سیتی‌گروپ" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/Citigroup" title="Citigroup – French" lang="fr" hreflang="fr" data-title="Citigroup" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-gu mw-list-item"><a href="https://gu.wikipedia.org/wiki/%E0%AA%B8%E0%AA%BF%E0%AA%9F%E0%AB%80%E0%AA%97%E0%AB%8D%E0%AA%B0%E0%AB%81%E0%AA%AA" title="સિટીગ્રુપ – Gujarati" lang="gu" hreflang="gu" data-title="સિટીગ્રુપ" data-language-autonym="ગુજરાતી" data-language-local-name="Gujarati" class="interlanguage-link-target"><span>ગુજરાતી</span></a></li><li class="interlanguage-link interwiki-ko mw-list-item"><a href="https://ko.wikipedia.org/wiki/%EC%94%A8%ED%8B%B0%EA%B7%B8%EB%A3%B9" title="씨티그룹 – Korean" lang="ko" hreflang="ko" data-title="씨티그룹" data-language-autonym="한국어" data-language-local-name="Korean" class="interlanguage-link-target"><span>한국어</span></a></li><li class="interlanguage-link interwiki-hi mw-list-item"><a href="https://hi.wikipedia.org/wiki/%E0%A4%B8%E0%A4%BF%E0%A4%9F%E0%A5%80%E0%A4%97%E0%A5%8D%E0%A4%B0%E0%A5%81%E0%A4%AA" title="सिटीग्रुप – Hindi" lang="hi" hreflang="hi" data-title="सिटीग्रुप" data-language-autonym="हिन्दी" data-language-local-name="Hindi" class="interlanguage-link-target"><span>हिन्दी</span></a></li><li class="interlanguage-link interwiki-id mw-list-item"><a href="https://id.wikipedia.org/wiki/Citigroup" title="Citigroup – Indonesian" lang="id" hreflang="id" data-title="Citigroup" data-language-autonym="Bahasa Indonesia" data-language-local-name="Indonesian" class="interlanguage-link-target"><span>Bahasa Indonesia</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikipedia.org/wiki/Citigroup" title="Citigroup – Italian" lang="it" hreflang="it" data-title="Citigroup" data-language-autonym="Italiano" data-language-local-name="Italian" class="interlanguage-link-target"><span>Italiano</span></a></li><li class="interlanguage-link interwiki-he mw-list-item"><a href="https://he.wikipedia.org/wiki/%D7%A1%D7%99%D7%98%D7%99%D7%92%D7%A8%D7%95%D7%A4" title="סיטיגרופ – Hebrew" lang="he" hreflang="he" data-title="סיטיגרופ" data-language-autonym="עברית" data-language-local-name="Hebrew" class="interlanguage-link-target"><span>עברית</span></a></li><li class="interlanguage-link interwiki-kn mw-list-item"><a href="https://kn.wikipedia.org/wiki/%E0%B2%B8%E0%B2%BF%E0%B2%9F%E0%B2%BF%E0%B2%97%E0%B3%8D%E0%B2%B0%E0%B3%82%E0%B2%AA%E0%B3%8D%E2%80%8C" title="ಸಿಟಿಗ್ರೂಪ್‌ – Kannada" lang="kn" hreflang="kn" data-title="ಸಿಟಿಗ್ರೂಪ್‌" data-language-autonym="ಕನ್ನಡ" data-language-local-name="Kannada" class="interlanguage-link-target"><span>ಕನ್ನಡ</span></a></li><li class="interlanguage-link interwiki-lt mw-list-item"><a href="https://lt.wikipedia.org/wiki/Citigroup" title="Citigroup – Lithuanian" lang="lt" hreflang="lt" data-title="Citigroup" data-language-autonym="Lietuvių" data-language-local-name="Lithuanian" class="interlanguage-link-target"><span>Lietuvių</span></a></li><li class="interlanguage-link interwiki-mr mw-list-item"><a href="https://mr.wikipedia.org/wiki/%E0%A4%B8%E0%A4%BF%E0%A4%9F%E0%A4%BF%E0%A4%97%E0%A5%8D%E0%A4%B0%E0%A5%81%E0%A4%AA" title="सिटिग्रुप – Marathi" lang="mr" hreflang="mr" data-title="सिटिग्रुप" data-language-autonym="मराठी" data-language-local-name="Marathi" class="interlanguage-link-target"><span>मराठी</span></a></li><li class="interlanguage-link interwiki-ms mw-list-item"><a href="https://ms.wikipedia.org/wiki/Citigroup" title="Citigroup – Malay" lang="ms" hreflang="ms" data-title="Citigroup" data-language-autonym="Bahasa Melayu" data-language-local-name="Malay" class="interlanguage-link-target"><span>Bahasa Melayu</span></a></li><li class="interlanguage-link interwiki-nl mw-list-item"><a href="https://nl.wikipedia.org/wiki/Citigroup" title="Citigroup – Dutch" lang="nl" hreflang="nl" data-title="Citigroup" data-language-autonym="Nederlands" data-language-local-name="Dutch" class="interlanguage-link-target"><span>Nederlands</span></a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/%E3%82%B7%E3%83%86%E3%82%A3%E3%82%B0%E3%83%AB%E3%83%BC%E3%83%97" title="シティグループ – Japanese" lang="ja" hreflang="ja" data-title="シティグループ" data-language-autonym="日本語" data-language-local-name="Japanese" class="interlanguage-link-target"><span>日本語</span></a></li><li class="interlanguage-link interwiki-no mw-list-item"><a href="https://no.wikipedia.org/wiki/Citigroup" title="Citigroup – Norwegian Bokmål" lang="nb" hreflang="nb" data-title="Citigroup" data-language-autonym="Norsk bokmål" data-language-local-name="Norwegian Bokmål" class="interlanguage-link-target"><span>Norsk bokmål</span></a></li><li class="interlanguage-link interwiki-pl mw-list-item"><a href="https://pl.wikipedia.org/wiki/Citigroup" title="Citigroup – Polish" lang="pl" hreflang="pl" data-title="Citigroup" data-language-autonym="Polski" data-language-local-name="Polish" class="interlanguage-link-target"><span>Polski</span></a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/Citigroup" title="Citigroup – Portuguese" lang="pt" hreflang="pt" data-title="Citigroup" data-language-autonym="Português" data-language-local-name="Portuguese" class="interlanguage-link-target"><span>Português</span></a></li><li class="interlanguage-link interwiki-ro mw-list-item"><a href="https://ro.wikipedia.org/wiki/Citigroup" title="Citigroup – Romanian" lang="ro" hreflang="ro" data-title="Citigroup" data-language-autonym="Română" data-language-local-name="Romanian" class="interlanguage-link-target"><span>Română</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/Citigroup" title="Citigroup – Russian" lang="ru" hreflang="ru" data-title="Citigroup" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target"><span>Русский</span></a></li><li class="interlanguage-link interwiki-sah mw-list-item"><a href="https://sah.wikipedia.org/wiki/Citigroup" title="Citigroup – Yakut" lang="sah" hreflang="sah" data-title="Citigroup" data-language-autonym="Саха тыла" data-language-local-name="Yakut" class="interlanguage-link-target"><span>Саха тыла</span></a></li><li class="interlanguage-link interwiki-simple mw-list-item"><a href="https://simple.wikipedia.org/wiki/Citigroup" title="Citigroup – Simple English" lang="en-simple" hreflang="en-simple" data-title="Citigroup" data-language-autonym="Simple English" data-language-local-name="Simple English" class="interlanguage-link-target"><span>Simple English</span></a></li><li class="interlanguage-link interwiki-fi mw-list-item"><a href="https://fi.wikipedia.org/wiki/Citigroup" title="Citigroup – Finnish" lang="fi" hreflang="fi" data-title="Citigroup" data-language-autonym="Suomi" data-language-local-name="Finnish" class="interlanguage-link-target"><span>Suomi</span></a></li><li class="interlanguage-link interwiki-sv mw-list-item"><a href="https://sv.wikipedia.org/wiki/Citigroup" title="Citigroup – Swedish" lang="sv" hreflang="sv" data-title="Citigroup" data-language-autonym="Svenska" data-language-local-name="Swedish" class="interlanguage-link-target"><span>Svenska</span></a></li><li class="interlanguage-link interwiki-th mw-list-item"><a href="https://th.wikipedia.org/wiki/%E0%B8%8B%E0%B8%B4%E0%B8%95%E0%B8%B5%E0%B8%81%E0%B8%A3%E0%B8%B8%E0%B8%9B" title="ซิตีกรุป – Thai" lang="th" hreflang="th" data-title="ซิตีกรุป" data-language-autonym="ไทย" data-language-local-name="Thai" class="interlanguage-link-target"><span>ไทย</span></a></li><li class="interlanguage-link interwiki-tr mw-list-item"><a href="https://tr.wikipedia.org/wiki/Citigroup" title="Citigroup – Turkish" lang="tr" hreflang="tr" data-title="Citigroup" data-language-autonym="Türkçe" data-language-local-name="Turkish" class="interlanguage-link-target"><span>Türkçe</span></a></li><li class="interlanguage-link interwiki-uk mw-list-item"><a href="https://uk.wikipedia.org/wiki/Citigroup" title="Citigroup – Ukrainian" lang="uk" hreflang="uk" data-title="Citigroup" data-language-autonym="Українська" data-language-local-name="Ukrainian" class="interlanguage-link-target"><span>Українська</span></a></li><li class="interlanguage-link interwiki-ur mw-list-item"><a href="https://ur.wikipedia.org/wiki/%D8%B3%D9%B9%DB%8C_%DA%AF%D8%B1%D9%88%D9%BE" title="سٹی گروپ – Urdu" lang="ur" hreflang="ur" data-title="سٹی گروپ" data-language-autonym="اردو" data-language-local-name="Urdu" class="interlanguage-link-target"><span>اردو</span></a></li><li class="interlanguage-link interwiki-vi mw-list-item"><a href="https://vi.wikipedia.org/wiki/Citigroup" title="Citigroup – Vietnamese" lang="vi" hreflang="vi" data-title="Citigroup" data-language-autonym="Tiếng Việt" data-language-local-name="Vietnamese" class="interlanguage-link-target"><span>Tiếng Việt</span></a></li><li class="interlanguage-link interwiki-war mw-list-item"><a href="https://war.wikipedia.org/wiki/Citigroup" title="Citigroup – Waray" lang="war" hreflang="war" data-title="Citigroup" data-language-autonym="Winaray" data-language-local-name="Waray" class="interlanguage-link-target"><span>Winaray</span></a></li><li class="interlanguage-link interwiki-wuu mw-list-item"><a href="https://wuu.wikipedia.org/wiki/%E8%8A%B1%E6%97%97%E9%9B%86%E5%9B%A2" title="花旗集团 – Wu" lang="wuu" hreflang="wuu" data-title="花旗集团" data-language-autonym="吴语" data-language-local-name="Wu" class="interlanguage-link-target"><span>吴语</span></a></li><li class="interlanguage-link interwiki-zh-yue mw-list-item"><a href="https://zh-yue.wikipedia.org/wiki/%E8%8A%B1%E6%97%97%E9%9B%86%E5%9C%98" title="花旗集團 – Cantonese" lang="yue" hreflang="yue" data-title="花旗集團" data-language-autonym="粵語" data-language-local-name="Cantonese" class="interlanguage-link-target"><span>粵語</span></a></li><li class="interlanguage-link interwiki-zh mw-list-item"><a href="https://zh.wikipedia.org/wiki/%E8%8A%B1%E6%97%97%E9%9B%86%E5%9B%A2" title="花旗集团 – Chinese" lang="zh" hreflang="zh" data-title="花旗集团" data-language-autonym="中文" data-language-local-name="Chinese" class="interlanguage-link-target"><span>中文</span></a></li> </ul> <div class="after-portlet after-portlet-lang"><span class="wb-langlinks-edit wb-langlinks-link"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q219508#sitelinks-wikipedia" title="Edit interlanguage links" class="wbc-editpage">Edit links</a></span></div> </div> </div> </div> </header> <div class="vector-page-toolbar"> <div class="vector-page-toolbar-container"> <div id="left-navigation"> <nav aria-label="Namespaces"> <div id="p-associated-pages" class="vector-menu vector-menu-tabs mw-portlet mw-portlet-associated-pages" > <div class="vector-menu-content"> <ul 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.hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">"Citi" redirects here. For other uses, see <a href="/wiki/Citi_(disambiguation)" class="mw-disambig" title="Citi (disambiguation)">Citi (disambiguation)</a>.</div> <p class="mw-empty-elt"> </p> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org" style="font-size: 125%;">Citigroup Inc.</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span typeof="mw:File"><a href="/wiki/File:Citi_logo_March_2023.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/7/73/Citi_logo_March_2023.svg/150px-Citi_logo_March_2023.svg.png" decoding="async" width="150" height="88" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/7/73/Citi_logo_March_2023.svg/225px-Citi_logo_March_2023.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/7/73/Citi_logo_March_2023.svg/300px-Citi_logo_March_2023.svg.png 2x" data-file-width="512" data-file-height="302" /></a></span></td></tr><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:388_Greenwich_Street_from_Battery_Park_City_North_Esplanade.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/5/53/388_Greenwich_Street_from_Battery_Park_City_North_Esplanade.jpg/220px-388_Greenwich_Street_from_Battery_Park_City_North_Esplanade.jpg" decoding="async" width="220" height="372" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/53/388_Greenwich_Street_from_Battery_Park_City_North_Esplanade.jpg/330px-388_Greenwich_Street_from_Battery_Park_City_North_Esplanade.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/5/53/388_Greenwich_Street_from_Battery_Park_City_North_Esplanade.jpg/440px-388_Greenwich_Street_from_Battery_Park_City_North_Esplanade.jpg 2x" data-file-width="2637" data-file-height="4461" /></a></span><div class="infobox-caption">The <a href="/wiki/Headquarters" title="Headquarters">headquarters</a> of Citigroup in <a href="/wiki/Lower_Manhattan" title="Lower Manhattan">Lower Manhattan</a></div></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li><a href="/wiki/New_York_Stock_Exchange" title="New York Stock Exchange">NYSE</a>:&#160;<a rel="nofollow" class="external text" href="https://www.nyse.com/quote/XNYS:C">C</a></li><li><a href="/wiki/S%26P_100" title="S&amp;P 100">S&amp;P 100</a> component</li><li><a href="/wiki/S%26P_500" title="S&amp;P 500">S&amp;P 500</a> component</li></ul></div></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/International_Securities_Identification_Number" title="International Securities Identification Number">ISIN</a></th><td class="infobox-data"><span class="plainlinks"><a class="external text" href="https://isin.toolforge.org/?language=en&amp;isin=US1729674242">US1729674242</a></span></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Financial_services" title="Financial services">Financial services</a></td></tr><tr><th scope="row" class="infobox-label">Predecessors</th><td class="infobox-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist"><ul><li><a href="/wiki/Citibank" title="Citibank">City Bank of New York</a> (1812)</li><li>First National Bank of New York (1863)</li><li><a href="/wiki/The_Travelers_Companies" title="The Travelers Companies">The Travelers Companies</a> (1853)</li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">October&#160;8, 1998<span class="noprint">&#59;&#32;26 years ago</span><span style="display:none">&#160;(<span class="bday dtstart published updated">1998-10-08</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label"><a href="/wiki/388_Greenwich_Street" title="388 Greenwich Street">388</a> <a href="/wiki/Greenwich_Street_(Manhattan)" class="mw-redirect" title="Greenwich Street (Manhattan)">Greenwich Street</a><br /><a href="/wiki/New_York_City" title="New York City">New York</a>, <a href="/wiki/New_York_(state)" title="New York (state)">NY</a> 10013<br />U.S.</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Area served</div></th><td class="infobox-data"><a href="/wiki/Multinational_corporation" title="Multinational corporation">Worldwide</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist"><ul><li><a href="/wiki/John_C._Dugan" title="John C. Dugan">John C. Dugan</a> (chairman)</li><li><a href="/wiki/Viswas_Raghavan" title="Viswas Raghavan">Viswas Raghavan</a> (Executive Vice Chairman)</li><li><a href="/wiki/Jane_Fraser_(executive)" title="Jane Fraser (executive)">Jane Fraser</a> (CEO)</li><li><a href="/wiki/Mark_Mason_(executive)" title="Mark Mason (executive)">Mark Mason</a> (CFO)</li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Products</th><td class="infobox-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist"><ul><li><a href="/wiki/Asset_management" title="Asset management">Asset management</a></li><li><a href="/wiki/Banking" class="mw-redirect" title="Banking">Banking</a></li><li><a href="/wiki/Commodities" class="mw-redirect" title="Commodities">Commodities</a></li><li><a href="/wiki/Credit_card" title="Credit card">Credit cards</a></li><li><a href="/wiki/Equities_trading" class="mw-redirect" title="Equities trading">Equities trading</a></li><li><a href="/wiki/Insurance" title="Insurance">Insurance</a></li><li><a href="/wiki/Investment_management" title="Investment management">Investment management</a></li><li><a href="/wiki/Mortgage_loan" class="mw-redirect" title="Mortgage loan">Mortgage loans</a></li><li><a href="/wiki/Mutual_funds" class="mw-redirect" title="Mutual funds">Mutual funds</a></li><li><a href="/wiki/Exchange-traded_fund" title="Exchange-traded fund">Exchange-traded funds</a></li><li><a href="/wiki/Index_fund" title="Index fund">Index funds</a></li><li><a href="/wiki/Private_equity" title="Private equity">Private equity</a></li><li><a href="/wiki/Risk_management" title="Risk management">Risk management</a></li><li><a href="/wiki/Wealth_management" title="Wealth management">Wealth management</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span style="white-space: nowrap">US$78.46&#160;billion</span> (2023)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Earnings_before_interest_and_taxes" title="Earnings before interest and taxes">Operating income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Decrease"><img alt="Decrease" src="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/11px-Decrease2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/17px-Decrease2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/22px-Decrease2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span style="white-space: nowrap">US$12.91&#160;billion</span> (2023)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Decrease"><img alt="Decrease" src="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/11px-Decrease2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/17px-Decrease2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/22px-Decrease2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span style="white-space: nowrap">US$9.228&#160;billion</span> (2023)</td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Asset" title="Asset">Total assets</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Decrease"><img alt="Decrease" src="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/11px-Decrease2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/17px-Decrease2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/ed/Decrease2.svg/22px-Decrease2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span style="white-space: nowrap">US$2.412&#160;trillion</span> (2023)</td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Equity_(finance)" title="Equity (finance)">Total equity</a></span></th><td class="infobox-data"><span class="nowrap"> <span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span style="white-space: nowrap">US$205.5&#160;billion</span> (2023)</span></td></tr><tr><th scope="row" class="infobox-label">Owner</th><td class="infobox-data"><a href="/wiki/Berkshire_Hathaway" title="Berkshire Hathaway">Berkshire Hathaway</a> (2.69%)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data"><abbr title="circa">c.</abbr><span style="white-space:nowrap;">&#8201;239,000</span> (2023)</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Subsidiary" title="Subsidiary">Subsidiaries</a></th><td class="infobox-data"><div class="collapsible-list mw-collapsible mw-collapsed" style="text-align: left; border:none; padding:0"> <div style="line-height: 1.6em; font-weight: bold;"><div>List of subsidiaries</div></div> <ul class="mw-collapsible-content" style="margin-top: 0; margin-bottom: 0; line-height: inherit; list-style: none; margin-left: 0;"><li style="line-height: inherit; margin: 0"> <a href="/wiki/Bank_Handlowy" title="Bank Handlowy">Bank Handlowy</a> (<a href="/wiki/Poland" title="Poland">Poland</a>) </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_Argentina" title="Citibank Argentina">Citibank Argentina</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_Australia" title="Citibank Australia">Citibank Australia</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank" title="Citibank">Citibank</a> (United States) </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_Bahrain" title="Citibank Bahrain">Citibank Bahrain</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_China" class="mw-redirect" title="Citibank China">Citibank China</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_Europe" title="Citibank Europe">Citibank Europe</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citi_Private_Bank" title="Citi Private Bank">Citi Private Bank</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_(Hong_Kong)" title="Citibank (Hong Kong)">Citibank (Hong Kong)</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_India" title="Citibank India">Citibank India</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citigroup_Global_Markets_Japan" title="Citigroup Global Markets Japan">Citigroup Global Markets Japan</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_Indonesia" title="Citibank Indonesia">Citibank Indonesia</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_Korea" title="Citibank Korea">Citibank Korea</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_Malaysia" class="mw-redirect" title="Citibank Malaysia">Citibank Malaysia</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_Russia" title="Citibank Russia">Citibank Russia</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_Singapore" title="Citibank Singapore">Citibank Singapore</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_Uganda" title="Citibank Uganda">Citibank Uganda</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citibank_United_Arab_Emirates" title="Citibank United Arab Emirates">Citibank United Arab Emirates</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Citi_Private_Bank" title="Citi Private Bank">Citi Private Bank</a> </li><li style="line-height: inherit; margin: 0"> Citi Global Wealth Management </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Grupo_Financiero_Banamex" title="Grupo Financiero Banamex">Grupo Financiero Banamex</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Beymen" title="Beymen">Beymen</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Salomon_Brothers" title="Salomon Brothers">Salomon Brothers</a> </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Nikko_Cordial" title="Nikko Cordial">Nikko Cordial</a> </li><li style="line-height: inherit; margin: 0"> Acciones y Valores de México (Acciones y Valores Banamex, Casa de Bolsa Integrante del Grupo Financiero Banamex) </li><li style="line-height: inherit; margin: 0"> Discover Student Loans </li><li style="line-height: inherit; margin: 0"> Yield Book </li><li style="line-height: inherit; margin: 0"> Citigroup Global Markets Inc </li><li style="line-height: inherit; margin: 0"> <a href="/wiki/Metalmark_Capital" title="Metalmark Capital">Metalmark Capital</a> </li><li style="line-height: inherit; margin: 0"> Lava Trading </li></ul> </div></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Basel_III" title="Basel III">Capital ratio</a></th><td class="infobox-data"><a href="/wiki/Tier_1_capital" title="Tier 1 capital">Tier 1</a> 15% (2023)</td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="https://citigroup.com">citigroup<wbr />.com</a></span></td></tr><tr><td colspan="2" class="infobox-below"><b>Footnotes&#160;/&#32;references</b><br /><sup id="cite_ref-10K_1-0" class="reference"><a href="#cite_note-10K-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup></td></tr></tbody></table> <p><b>Citigroup Inc.</b> or <b>Citi</b> (<a href="/wiki/Style_(visual_arts)" title="Style (visual arts)">stylized</a> as <b>citi</b>) is an American multinational <a href="/wiki/Investment_banking" title="Investment banking">investment bank</a> and <a href="/wiki/Financial_services" title="Financial services">financial services</a> company based in <a href="/wiki/New_York_City" title="New York City">New York City</a>. The company was formed in 1998 by the merger of Citicorp, the <a href="/wiki/Bank_holding_company" title="Bank holding company">bank holding company</a> for <a href="/wiki/Citibank" title="Citibank">Citibank</a>, and <a href="/wiki/The_Travelers_Companies" title="The Travelers Companies">Travelers</a>; Travelers was spun off from the company in 2002.<sup id="cite_ref-Merge_2-0" class="reference"><a href="#cite_note-Merge-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">&#91;</span>3<span class="cite-bracket">&#93;</span></a></sup> </p><p>Citigroup is the <a href="/wiki/List_of_largest_banks_in_the_United_States" title="List of largest banks in the United States">third-largest banking institution</a> in the United States by assets; alongside <a href="/wiki/JPMorgan_Chase" title="JPMorgan Chase">JPMorgan Chase</a>, <a href="/wiki/Bank_of_America" title="Bank of America">Bank of America</a>, and <a href="/wiki/Wells_Fargo" title="Wells Fargo">Wells Fargo</a>, it is one of the <a href="/wiki/Big_Four_(banking)#United_States" title="Big Four (banking)">Big Four</a> banking institutions of the United States.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">&#91;</span>4<span class="cite-bracket">&#93;</span></a></sup> It is considered a <a href="/wiki/Systemically_important_financial_institution" title="Systemically important financial institution">systemically important bank</a> by the <a href="/wiki/Financial_Stability_Board" title="Financial Stability Board">Financial Stability Board</a>, and is commonly cited as being "<a href="/wiki/Too_big_to_fail" title="Too big to fail">too big to fail</a>". It is one of the eight global investment banks in the <a href="/wiki/Bulge_Bracket" class="mw-redirect" title="Bulge Bracket">Bulge Bracket</a>. Citigroup is ranked 36th on the <a href="/wiki/Fortune_500" title="Fortune 500"><i>Fortune</i> 500</a>,<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">&#91;</span>5<span class="cite-bracket">&#93;</span></a></sup> and was ranked #24 in <a href="/wiki/Forbes_Global_2000" title="Forbes Global 2000"><i>Forbes</i> Global 2000</a> in 2023.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> </p><p>Citigroup operates with two major divisions: Institutional Clients Group (ICG), which offers <a href="/wiki/Investment_banking" title="Investment banking">investment banking</a> and corporate banking services, as well as treasury and trade solutions (TTS) and securities services such as <a href="/wiki/Custodian_bank" title="Custodian bank">custodian banking</a>; and Personal Banking and Wealth Management (PBWM), which includes <a href="/wiki/Citibank" title="Citibank">Citibank</a>, a retail bank, the third largest issuer of <a href="/wiki/Credit_card" title="Credit card">credit cards</a>,<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup> as well as its <a href="/wiki/Wealth_management" title="Wealth management">wealth management</a> business. </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size mw-halign-right" typeof="mw:File/Thumb"><a href="/wiki/File:Citi.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/1/1b/Citi.svg/200px-Citi.svg.png" decoding="async" width="200" height="130" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/1/1b/Citi.svg/300px-Citi.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/1/1b/Citi.svg/400px-Citi.svg.png 2x" data-file-width="300" data-file-height="195" /></a><figcaption>The Citigroup logo, 1999–present, used concurrently with a slight 2023 redesign</figcaption></figure> <figure class="mw-default-size mw-halign-right" typeof="mw:File/Thumb"><a href="/wiki/File:Citigroup.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/f/f8/Citigroup.svg/200px-Citigroup.svg.png" decoding="async" width="200" height="121" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/f8/Citigroup.svg/300px-Citigroup.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/f8/Citigroup.svg/400px-Citigroup.svg.png 2x" data-file-width="250" data-file-height="151" /></a><figcaption>The Citigroup logo, 2007–2011</figcaption></figure> <p>Citigroup was formed on October 8, 1998, following the merger of Citicorp, the <a href="/wiki/Bank_holding_company" title="Bank holding company">bank holding company</a> for <a href="/wiki/Citibank" title="Citibank">Citibank</a>, and <a href="/wiki/The_Travelers_Companies" title="The Travelers Companies">Travelers</a> to create the world's largest financial services organization.<sup id="cite_ref-Merge_2-1" class="reference"><a href="#cite_note-Merge-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">&#91;</span>8<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Citicorp_(1812–1985)"><span id="Citicorp_.281812.E2.80.931985.29"></span><span class="anchor" id="Citicorp"></span>Citicorp (1812–1985)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=2" title="Edit section: Citicorp (1812–1985)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><a href="/wiki/Citibank" title="Citibank">Citibank</a>, (formerly City Bank of New York) was chartered by the <a href="/wiki/State_of_New_York" class="mw-redirect" title="State of New York">State of New York</a> on June 16, 1812, with $2&#160;million (~$43.4&#160;million in 2023) of capital.<sup id="cite_ref-Dramatic_9-0" class="reference"><a href="#cite_note-Dramatic-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">&#91;</span>10<span class="cite-bracket">&#93;</span></a></sup> Serving a group of New York <a href="/wiki/Merchant" title="Merchant">merchants</a>, the bank opened for business on September 14 of that year,<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (April 2020)">citation needed</span></a></i>&#93;</sup> and <a href="/wiki/Samuel_Osgood" title="Samuel Osgood">Samuel Osgood</a> was elected as the first President of the company.<sup id="cite_ref-Dramatic_9-1" class="reference"><a href="#cite_note-Dramatic-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> After the <a href="/wiki/Panic_of_1837" title="Panic of 1837">Panic of 1837</a>, <a href="/wiki/Moses_Taylor" title="Moses Taylor">Moses Taylor</a> acquired control of the company.<sup id="cite_ref-encyclopedia_11-0" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> The company's name was changed to The National City Bank of New York in 1865 after it converted its state charter into a federal charter and joined the new U.S. national banking system.<sup id="cite_ref-Dramatic_9-2" class="reference"><a href="#cite_note-Dramatic-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> After Taylor died in 1882, <a href="/wiki/Percy_Rivington_Pyne_I" title="Percy Rivington Pyne I">Percy Rivington Pyne I</a> became president of the bank.<sup id="cite_ref-encyclopedia_11-1" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> He died nine years later and was replaced by <a href="/wiki/James_Stillman" title="James Stillman">James Stillman</a>.<sup id="cite_ref-encyclopedia_11-2" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> The bank became the largest bank in New York City after the <a href="/wiki/Panic_of_1893" title="Panic of 1893">Panic of 1893</a> and the largest bank in the U.S. by 1895.<sup id="cite_ref-encyclopedia_11-3" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> It became the first contributor to the <a href="/wiki/Federal_Reserve_Bank_of_New_York" title="Federal Reserve Bank of New York">Federal Reserve Bank of New York</a> in 1913, and the following year it inaugurated the first overseas branch of a U.S. bank in <a href="/wiki/Buenos_Aires" title="Buenos Aires">Buenos Aires</a>,<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">&#91;</span>12<span class="cite-bracket">&#93;</span></a></sup> although the bank had been active in plantation economies, such as the Cuban sugar industry, since the mid-19th century.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (April 2020)">citation needed</span></a></i>&#93;</sup> The purchase of U.S. overseas bank International Banking Corporation in 1918 helped it become the first American bank to surpass $1&#160;billion in assets.<sup id="cite_ref-encyclopedia_11-4" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> During the <a href="/wiki/United_States_occupation_of_Haiti" title="United States occupation of Haiti">United States occupation of Haiti</a> and the bank's income from Haiti's loan debt related to the <a href="/wiki/Haiti_indemnity_controversy" class="mw-redirect" title="Haiti indemnity controversy">Haiti indemnity controversy</a>, the bank earned some of its largest gains in the 1920s due to debt payments from Haiti, becoming the largest commercial bank in the world in 1929.<sup id="cite_ref-encyclopedia_11-5" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">&#91;</span>13<span class="cite-bracket">&#93;</span></a></sup> As it grew, the bank became an innovator in financial services, becoming the first major U.S. bank to offer <a href="/wiki/Compound_interest" title="Compound interest">compound interest</a> on <a href="/wiki/Saving" title="Saving">savings</a> (1921); <a href="/wiki/Unsecured_loan" class="mw-redirect" title="Unsecured loan">unsecured personal loans</a> (1928); customer <a href="/wiki/Cheque" title="Cheque">checking accounts</a> (1936) and the negotiable <a href="/wiki/Certificate_of_deposit" title="Certificate of deposit">certificate of deposit</a> (1961).<sup id="cite_ref-encyclopedia_11-6" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-wsj20121017_14-0" class="reference"><a href="#cite_note-wsj20121017-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-veteran_15-0" class="reference"><a href="#cite_note-veteran-15"><span class="cite-bracket">&#91;</span>15<span class="cite-bracket">&#93;</span></a></sup> </p><p>The bank merged with First National Bank of New York in 1955, becoming the First National City Bank of New York in 1955. The "New York" was dropped in 1962 on the 150th anniversary of the company's foundation.<sup id="cite_ref-encyclopedia_11-7" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> The company organically entered the leasing and credit card sectors, and its introduction of U.S. dollar-denominated certificates of deposit in <a href="/wiki/London" title="London">London</a> marked the first new negotiable instrument in the market since 1888. The bank introduced its First National City Charge Service credit card—popularly known as the "<a href="/wiki/Everything_card" class="mw-redirect" title="Everything card">Everything card</a>" and later to become <a href="/wiki/MasterCard" class="mw-redirect" title="MasterCard">MasterCard</a>—in 1967.<sup id="cite_ref-encyclopedia_11-8" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> Also in 1967, First National City Bank was reorganized as a one-bank holding company, First National City Corporation, or "Citicorp" for short. The bank had been nicknamed "Citibank" since the 1860s when it began using this as an eight-letter wire code address.<sup id="cite_ref-RefBiz_16-0" class="reference"><a href="#cite_note-RefBiz-16"><span class="cite-bracket">&#91;</span>16<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 1974, under the leadership of CEO <a href="/wiki/Walter_B._Wriston" class="mw-redirect" title="Walter B. Wriston">Walter B. Wriston</a>, First National City Corporation changed its formal name to "Citicorp", with First National City Bank being formally renamed Citibank in 1976.<sup id="cite_ref-RefBiz_16-1" class="reference"><a href="#cite_note-RefBiz-16"><span class="cite-bracket">&#91;</span>16<span class="cite-bracket">&#93;</span></a></sup> Shortly afterwards, the bank launched the Citicard, which pioneered the use of 24-hour <a href="/wiki/Automated_teller_machine" class="mw-redirect" title="Automated teller machine">ATMs</a>.<sup id="cite_ref-encyclopedia_11-9" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> <a href="/wiki/John_S._Reed" title="John S. Reed">John S. Reed</a> was elected CEO in 1984, and Citi became a founding member of the <a href="/wiki/CHAPS" title="CHAPS">CHAPS</a> clearing house in London. Under his leadership, the next 14 years would see Citibank become the largest bank in the United States and the largest issuer of credit cards and charge cards in the world, and expand its global reach to over 90 countries.<sup id="cite_ref-encyclopedia_11-10" class="reference"><a href="#cite_note-encyclopedia-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-wsj20121017_14-1" class="reference"><a href="#cite_note-wsj20121017-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-veteran_15-1" class="reference"><a href="#cite_note-veteran-15"><span class="cite-bracket">&#91;</span>15<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-CitiBiggest_17-0" class="reference"><a href="#cite_note-CitiBiggest-17"><span class="cite-bracket">&#91;</span>17<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-NYbagelfalls_18-0" class="reference"><a href="#cite_note-NYbagelfalls-18"><span class="cite-bracket">&#91;</span>18<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">&#91;</span>19<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Travelers_Group_(1986–2007)"><span id="Travelers_Group_.281986.E2.80.932007.29"></span>Travelers Group (1986–2007)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=3" title="Edit section: Travelers Group (1986–2007)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Travelers_logo.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/3/3f/Travelers_logo.png" decoding="async" width="152" height="46" class="mw-file-element" data-file-width="152" data-file-height="46" /></a><figcaption>The corporate logo of Travelers Inc. (1993–1998) prior to the merger with Citicorp</figcaption></figure> <p>Travelers Group, at the time of the merger, was a diverse group of financial concerns that had been brought together under CEO <a href="/wiki/Sandy_Weill" class="mw-redirect" title="Sandy Weill">Sandy Weill</a>. Its roots came from Commercial Credit, a subsidiary of <a href="/wiki/Control_Data_Corporation" title="Control Data Corporation">Control Data Corporation</a> that was taken private by Weill in November 1986 after taking charge of the company earlier that year.<sup id="cite_ref-Merge_2-2" class="reference"><a href="#cite_note-Merge-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> Two years later, Weill mastered the buyout of <a href="/wiki/Primerica_Financial_Services" class="mw-redirect" title="Primerica Financial Services">Primerica Financial Services</a>—a conglomerate that had already bought <a href="/wiki/Life_insurance" title="Life insurance">life insurance</a> company A L Williams as well as <a href="/wiki/Brokerage_firm" class="mw-redirect" title="Brokerage firm">brokerage firm</a> <a href="/wiki/Smith_Barney" class="mw-redirect" title="Smith Barney">Smith Barney</a>. The new company took the Primerica name, and employed a "<a href="/wiki/Cross-selling" title="Cross-selling">cross-selling</a>" strategy such that each of the entities within the parent company aimed to sell each other's services. Its non-financial businesses were <a href="/wiki/Corporate_spin-off" title="Corporate spin-off">spun off</a>. </p><p>In September 1992, <a href="/wiki/Travelers_Insurance" class="mw-redirect" title="Travelers Insurance">Travelers Insurance</a>, which had suffered from poor real estate investments<sup id="cite_ref-Merge_2-3" class="reference"><a href="#cite_note-Merge-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> and sustained significant losses in the aftermath of <a href="/wiki/Hurricane_Andrew" title="Hurricane Andrew">Hurricane Andrew</a>,<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">&#91;</span>20<span class="cite-bracket">&#93;</span></a></sup> formed a strategic alliance with Primerica that would lead to its amalgamation into a single company in December 1993. With the acquisition, the group became Travelers Inc. Property &amp; casualty and life &amp; annuities <a href="/wiki/Underwriting" title="Underwriting">underwriting</a> capabilities were added to the business. Meanwhile, the distinctive Travelers red umbrella logo, which was also acquired in the deal, was applied to all the businesses within the newly named organization. During this period, Travelers acquired <a href="/wiki/Shearson_Lehman" class="mw-redirect" title="Shearson Lehman">Shearson Lehman</a>—a retail brokerage and asset management firm that was headed by Weill until 1985<sup id="cite_ref-Merge_2-4" class="reference"><a href="#cite_note-Merge-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup>—and merged it with Smith Barney. </p> <div class="mw-heading mw-heading4"><h4 id="Ownership_of_Salomon_Brothers_(1997–2003)"><span id="Ownership_of_Salomon_Brothers_.281997.E2.80.932003.29"></span>Ownership of Salomon Brothers (1997–2003)</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=4" title="Edit section: Ownership of Salomon Brothers (1997–2003)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In November 1997, Travelers Group (which had been renamed again in April 1995 when they merged with Aetna Property and Casualty, Inc.), acquired <a href="/wiki/Salomon_Brothers" title="Salomon Brothers">Salomon Brothers</a>, a major <a href="/wiki/Bond_market" title="Bond market">bond dealer</a> and <a href="/wiki/Bulge_bracket" title="Bulge bracket">bulge bracket</a> <a href="/wiki/Investment_bank" class="mw-redirect" title="Investment bank">investment bank</a>, in a $9&#160;billion (~$15.9&#160;billion in 2023) transaction.<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">&#91;</span>21<span class="cite-bracket">&#93;</span></a></sup> This deal complemented Travelers/<a href="/wiki/Smith_Barney" class="mw-redirect" title="Smith Barney">Smith Barney</a> well as Salomon was focused on fixed-income and institutional clients, whereas Smith Barney was strong in equities and retail. Salomon Brothers absorbed Smith Barney into the new securities unit termed Salomon Smith Barney; a year later, the division incorporated Citicorp's former securities operations as well. The Salomon Smith Barney name was abandoned in October 2003 after a series of financial scandals that tarnished the bank's reputation.<sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">&#91;</span>22<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Merger_of_Citicorp_and_Travelers_(1998–2001)"><span id="Merger_of_Citicorp_and_Travelers_.281998.E2.80.932001.29"></span>Merger of Citicorp and Travelers (1998–2001)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=5" title="Edit section: Merger of Citicorp and Travelers (1998–2001)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>On April 6, 1998, Citicorp and Travelers announced a merger.<sup id="cite_ref-Merge_2-5" class="reference"><a href="#cite_note-Merge-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> The deal would enable Travelers and Citicorp to access each other's customer base for the marketing of financial products. </p><p>In the transaction, Travelers Group acquired all Citicorp shares; existing shareholders of each company owned about half of the new firm.<sup id="cite_ref-Merge_2-6" class="reference"><a href="#cite_note-Merge-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> While the new company maintained Citicorp's "Citi" brand in its name, it adopted Travelers' distinctive "red umbrella" as the new corporate logo, which was used until 2007.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">&#91;</span>23<span class="cite-bracket">&#93;</span></a></sup> </p><p>The chairmen of both parent companies, <a href="/wiki/John_S._Reed" title="John S. Reed">John S. Reed</a> and <a href="/wiki/Sandy_Weill" class="mw-redirect" title="Sandy Weill">Sandy Weill</a> respectively, were announced as co-chairmen and co-CEOs of the new company, Citigroup, Inc., although the vast difference in management styles between the two immediately presented question marks over the wisdom of such a setup. </p><p>The remaining provisions of the <a href="/wiki/Glass%E2%80%93Steagall_Act" class="mw-redirect" title="Glass–Steagall Act">Glass–Steagall Act</a>—enacted following the Great Depression—forbade banks to merge with insurance underwriters, and meant Citigroup had between two and five years to divest any prohibited assets. Weill stated at the time of the merger that they believed "that over that time the legislation will change&#160;... we have had enough discussions to believe this will not be a problem".<sup id="cite_ref-Merge_2-7" class="reference"><a href="#cite_note-Merge-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> Indeed, the passing of the <a href="/wiki/Gramm-Leach-Bliley_Act" class="mw-redirect" title="Gramm-Leach-Bliley Act">Gramm-Leach-Bliley Act</a> in November 1999 vindicated Reed and Weill's views, opening the door to financial services conglomerates offering a mix of commercial banking, investment banking, insurance underwriting, and brokerage.<sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">&#91;</span>24<span class="cite-bracket">&#93;</span></a></sup> </p><p><a href="/wiki/Joe_J._Plumeri" title="Joe J. Plumeri">Joe J. Plumeri</a> worked on the post-merger integration of the two companies and was appointed CEO of Citibank North America by Weill and Reed. He oversaw its network of 450 <a href="/wiki/Branch_(banking)" title="Branch (banking)">branches</a>.<sup id="cite_ref-plumeriwsj_25-0" class="reference"><a href="#cite_note-plumeriwsj-25"><span class="cite-bracket">&#91;</span>25<span class="cite-bracket">&#93;</span></a></sup> J. Paul Newsome, an analyst with <a href="/wiki/CIBC_Oppenheimer" class="mw-redirect" title="CIBC Oppenheimer">CIBC Oppenheimer</a>, said: "He's not the spit-and-polish executive many people expected. He's rough on the edges. But Citibank knows the bank as an institution is in trouble—it can't get away anymore with passive selling—and Plumeri has all the passion to throw a glass of cold water on the bank."<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">&#91;</span>26<span class="cite-bracket">&#93;</span></a></sup> Plumeri boosted the unit's earnings from $108&#160;million to $415&#160;million in one year, an increase of nearly 300%.<sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">&#91;</span>27<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">&#91;</span>28<span class="cite-bracket">&#93;</span></a></sup> He unexpectedly retired from Citibank in January 2000.<sup id="cite_ref-plumeriwsj_25-1" class="reference"><a href="#cite_note-plumeriwsj-25"><span class="cite-bracket">&#91;</span>25<span class="cite-bracket">&#93;</span></a></sup> </p><p><span class="anchor" id="Associates_First_Capital_Corporation"></span><span class="anchor" id="Associates_Corporation_of_North_America"></span><span class="anchor" id="Associates_National_Bank"></span><span class="anchor" id="The_Associates"></span> In 2000, Citigroup acquired Associates First Capital Corporation for $31.1&#160;billion in stock,<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">&#91;</span>29<span class="cite-bracket">&#93;</span></a></sup> which, until 1989, had been owned by <a href="/wiki/Gulf%2BWestern" class="mw-redirect" title="Gulf+Western">Gulf+Western</a> (now part of <a href="/wiki/National_Amusements" title="National Amusements">National Amusements</a>),<sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">&#91;</span>30<span class="cite-bracket">&#93;</span></a></sup> and later by <a href="/wiki/Ford_Motor_Credit_Company" class="mw-redirect" title="Ford Motor Credit Company">Ford Motor Credit Company</a>.<sup id="cite_ref-ct-1989aug13_31-0" class="reference"><a href="#cite_note-ct-1989aug13-31"><span class="cite-bracket">&#91;</span>31<span class="cite-bracket">&#93;</span></a></sup> The Associates was widely criticized for predatory lending practices and Citi eventually settled with the Federal Trade Commission by agreeing to pay $240&#160;million to customers who had been victims of a variety of predatory practices, including "flipping" mortgages, "packing" mortgages with optional credit insurance, and deceptive marketing practices.<sup id="cite_ref-Citigroup-Oct-2002-8-K_32-0" class="reference"><a href="#cite_note-Citigroup-Oct-2002-8-K-32"><span class="cite-bracket">&#91;</span>32<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">&#91;</span>33<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2001, Citigroup made additional acquisitions: <a href="/wiki/European_American_Bank" class="mw-redirect" title="European American Bank">European American Bank</a>, in July, for $1.9&#160;billion,<sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">&#91;</span>34<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">&#91;</span>35<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">&#91;</span>36<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">&#91;</span>37<span class="cite-bracket">&#93;</span></a></sup> and <a href="/wiki/Banamex" class="mw-redirect" title="Banamex">Banamex</a> in August, for $12.5&#160;billion.<sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">&#91;</span>38<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-39" class="reference"><a href="#cite_note-39"><span class="cite-bracket">&#91;</span>39<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">&#91;</span>40<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Spin-off_of_Travelers_(2002)"><span id="Spin-off_of_Travelers_.282002.29"></span>Spin-off of Travelers (2002)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=6" title="Edit section: Spin-off of Travelers (2002)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:The_Travelers_Companies.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/9/9e/The_Travelers_Companies.svg/220px-The_Travelers_Companies.svg.png" decoding="async" width="220" height="51" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/9/9e/The_Travelers_Companies.svg/330px-The_Travelers_Companies.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/9/9e/The_Travelers_Companies.svg/440px-The_Travelers_Companies.svg.png 2x" data-file-width="250" data-file-height="58" /></a><figcaption>The current logo for Travelers Companies</figcaption></figure> <p>The company spun off its Travelers Property and Casualty insurance underwriting business in 2002.<sup id="cite_ref-41" class="reference"><a href="#cite_note-41"><span class="cite-bracket">&#91;</span>41<span class="cite-bracket">&#93;</span></a></sup> The spin-off was prompted by the insurance unit's drag on Citigroup stock price because Travelers earnings were more seasonal and vulnerable to large disasters and events such as the <a href="/wiki/September_11_attacks" title="September 11 attacks">September 11 attacks</a>. It was also difficult to sell insurance directly to its customers since most customers were accustomed to purchasing insurance through a broker.<sup id="cite_ref-42" class="reference"><a href="#cite_note-42"><span class="cite-bracket">&#91;</span>42<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-43" class="reference"><a href="#cite_note-43"><span class="cite-bracket">&#91;</span>43<span class="cite-bracket">&#93;</span></a></sup> </p><p>Travelers merged with The St. Paul Companies Inc. in 2004 forming The St. Paul Travelers Companies.<sup id="cite_ref-44" class="reference"><a href="#cite_note-44"><span class="cite-bracket">&#91;</span>44<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-45" class="reference"><a href="#cite_note-45"><span class="cite-bracket">&#91;</span>45<span class="cite-bracket">&#93;</span></a></sup> Citigroup retained the life insurance and annuities underwriting businesses until it sold them to <a href="/wiki/MetLife" title="MetLife">MetLife</a> in 2005.<sup id="cite_ref-46" class="reference"><a href="#cite_note-46"><span class="cite-bracket">&#91;</span>46<span class="cite-bracket">&#93;</span></a></sup> </p><p>In spite of divesting Travelers Insurance, Citigroup retained Travelers' signature red umbrella logo as its own until February 2007, when Citigroup agreed to sell the logo back to St. Paul Travelers,<sup id="cite_ref-47" class="reference"><a href="#cite_note-47"><span class="cite-bracket">&#91;</span>47<span class="cite-bracket">&#93;</span></a></sup> which renamed itself <a href="/wiki/Travelers_Companies" class="mw-redirect" title="Travelers Companies">Travelers Companies</a>. Citigroup also decided to adopt the corporate brand "Citi" for itself and virtually all its subsidiaries, except Primerica and Banamex. </p> <div class="mw-heading mw-heading3"><h3 id="Subprime_mortgage_crisis_(2007)"><span id="Subprime_mortgage_crisis_.282007.29"></span>Subprime mortgage crisis (2007)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=7" title="Edit section: Subprime mortgage crisis (2007)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Heavy exposure to troubled mortgages in the form of <a href="/wiki/Collateralized_debt_obligation" title="Collateralized debt obligation">collateralized debt obligation</a> (CDOs), compounded by poor risk management, led Citigroup into trouble as the <a href="/wiki/Subprime_mortgage_crisis" title="Subprime mortgage crisis">subprime mortgage crisis</a> worsened in 2007. The company had used elaborate mathematical risk models which looked at mortgages in particular geographical areas, but never included the possibility of a national housing downturn or the prospect that millions of mortgage holders would default on their mortgages. Trading head <a href="/wiki/Thomas_Maheras" title="Thomas Maheras">Thomas Maheras</a> was close friends with senior risk officer David Bushnell, which undermined risk oversight.<sup id="cite_ref-48" class="reference"><a href="#cite_note-48"><span class="cite-bracket">&#91;</span>48<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-49" class="reference"><a href="#cite_note-49"><span class="cite-bracket">&#91;</span>49<span class="cite-bracket">&#93;</span></a></sup> As Treasury Secretary, <a href="/wiki/Robert_Rubin" title="Robert Rubin">Robert Rubin</a> was said to be influential in lifting the <a href="/wiki/Glass%E2%80%93Steagall_Act" class="mw-redirect" title="Glass–Steagall Act">Glass–Steagall Act</a> that allowed Travelers and Citicorp to merge in 1998. Then on the board of directors of Citigroup, Rubin and Charles Prince were said to be influential in pushing the company towards <a href="/wiki/Mortgage-backed_security" title="Mortgage-backed security">MBS</a> and CDOs in the subprime mortgage market. </p><p>Starting in June 2006, Senior Vice President <a href="/wiki/Richard_M._Bowen_III" title="Richard M. Bowen III">Richard M. Bowen III</a>, the chief underwriter of Citigroup's Consumer Lending Group, began warning the board of directors about the extreme risks being taken on by the mortgage operation that could potentially result in massive losses. The group bought and sold $90&#160;billion of residential mortgages annually. Bowen's responsibility was essential to serve as the quality control supervisor ensuring the unit's creditworthiness. When Bowen first became a <a href="/wiki/Whistleblower" class="mw-redirect" title="Whistleblower">whistleblower</a> in 2006, 60% of the mortgages were defective. The number of bad mortgages began increasing throughout 2007 and eventually exceeded 80% of the volume. Many of the mortgages were not only defective but were a result of <a href="/wiki/Mortgage_fraud" title="Mortgage fraud">mortgage fraud</a>. Bowen attempted to rouse the board via weekly reports and other communications. On November 3, 2007, Bowen emailed Citigroup chairman <a href="/wiki/Robert_Rubin" title="Robert Rubin">Robert Rubin</a> and the bank's <a href="/wiki/Chief_financial_officer" title="Chief financial officer">chief financial officer</a>, head auditor, and the chief risk management officer to again expose the risk and potential losses, claiming that the group's internal controls had broken down and requesting an outside investigation of his business unit. The subsequent investigation revealed that the Consumer Lending Group had suffered a breakdown of internal controls since 2005. Despite the findings of the investigation, Bowen's charges were ignored, even though withholding such information from shareholders violated the <a href="/wiki/Sarbanes%E2%80%93Oxley_Act" title="Sarbanes–Oxley Act">Sarbanes–Oxley Act</a> (SOX), which he had pointed out. Citigroup CEO <a href="/wiki/Charles_Prince" title="Charles Prince">Charles Prince</a> signed a certification that the bank was in compliance with SOX despite Bowen revealing this wasn't so. Citigroup eventually stripped Bowen of most of his responsibilities and informed him that his physical presence was no longer required at the bank. The Financial Crisis Inquiry Commission asked him to testify about Citigroup's role in the mortgage crisis, and he did so, appearing as one of the first witnesses before the Commission in April 2010.<sup id="cite_ref-50" class="reference"><a href="#cite_note-50"><span class="cite-bracket">&#91;</span>50<span class="cite-bracket">&#93;</span></a></sup> </p><p>As the crisis began to unfold, Citigroup announced on April 11, 2007, that it would eliminate 17,000 jobs, or about 5% of its workforce, in a broad restructuring designed to cut costs and bolster its long underperforming stock.<sup id="cite_ref-51" class="reference"><a href="#cite_note-51"><span class="cite-bracket">&#91;</span>51<span class="cite-bracket">&#93;</span></a></sup> Even after <a href="/wiki/Security_(finance)" title="Security (finance)">securities</a> and <a href="/wiki/Brokerage" class="mw-redirect" title="Brokerage">brokerage</a> firm <a href="/wiki/Bear_Stearns" title="Bear Stearns">Bear Stearns</a> ran into serious trouble in summer 2007, Citigroup decided the possibility of trouble with its CDOs was so tiny (less than 1/100 of 1%) that they excluded them from their risk analysis. With the crisis worsening, Citigroup announced on January 7, 2008, that it was considering cutting another 5 percent to 10 percent of its 327,000 member-workforce.<sup id="cite_ref-52" class="reference"><a href="#cite_note-52"><span class="cite-bracket">&#91;</span>52<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Failed_takeover_of_Nikko_Asset_Management">Failed takeover of Nikko Asset Management</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=8" title="Edit section: Failed takeover of Nikko Asset Management"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2007, Citigroup acquired 61% of <a href="/wiki/Nikko_Asset_Management" title="Nikko Asset Management">Nikko Asset Management</a> for $7.7 billion to take majority control in what was then the largest foreign buyout ever of a Japanese company.<sup id="cite_ref-53" class="reference"><a href="#cite_note-53"><span class="cite-bracket">&#91;</span>53<span class="cite-bracket">&#93;</span></a></sup> Citigroup attempted to buy out the remaining shares of Nikko later that year at a cost of $4.6 billion to take full control of the company.<sup id="cite_ref-54" class="reference"><a href="#cite_note-54"><span class="cite-bracket">&#91;</span>54<span class="cite-bracket">&#93;</span></a></sup> Two years later, Citigroup sold its stake to Sumitomo Trust and Banking Co, a subsidiary of <a href="/wiki/Sumitomo_Mitsui_Trust_Holdings" title="Sumitomo Mitsui Trust Holdings">Sumitomo Mitsui Trust Holdings</a>, for $795 million as it retreated from Japan.<sup id="cite_ref-55" class="reference"><a href="#cite_note-55"><span class="cite-bracket">&#91;</span>55<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-56" class="reference"><a href="#cite_note-56"><span class="cite-bracket">&#91;</span>56<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Collapse_and_US_government_intervention_(2008)"><span id="Collapse_and_US_government_intervention_.282008.29"></span>Collapse and US government intervention (2008)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=9" title="Edit section: Collapse and US government intervention (2008)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>By July 2008 Citigroup was described as struggling,<sup id="cite_ref-IW2008_57-0" class="reference"><a href="#cite_note-IW2008-57"><span class="cite-bracket">&#91;</span>57<span class="cite-bracket">&#93;</span></a></sup> and by November they were insolvent, despite their receipt of $25&#160;billion (~$34.7&#160;billion in 2023) in taxpayer-funded federal <a href="/wiki/Troubled_Asset_Relief_Program" title="Troubled Asset Relief Program">Troubled Asset Relief Program</a> funds. On November 17, 2008, Citigroup announced plans for about 52,000 new job cuts, on top of 23,000 cuts already made during 2008 in a huge job cull resulting from four-quarters of consecutive losses and reports that it was unlikely to be in profit again before 2010. The same day on <a href="/wiki/Wall_Street" title="Wall Street">Wall Street</a> markets responded, with shares falling and dropping the company's market capitalization to $6&#160;billion, down from $300&#160;billion two years prior.<sup id="cite_ref-stockcollapse_58-0" class="reference"><a href="#cite_note-stockcollapse-58"><span class="cite-bracket">&#91;</span>58<span class="cite-bracket">&#93;</span></a></sup> Eventually staff cuts totaled over 100,000 employees.<sup id="cite_ref-jobcuts2_59-0" class="reference"><a href="#cite_note-jobcuts2-59"><span class="cite-bracket">&#91;</span>59<span class="cite-bracket">&#93;</span></a></sup> Its stock market value dropped to $20.5&#160;billion, down from $244&#160;billion two years earlier.<sup id="cite_ref-stockcollapse_58-1" class="reference"><a href="#cite_note-stockcollapse-58"><span class="cite-bracket">&#91;</span>58<span class="cite-bracket">&#93;</span></a></sup> Shares of Citigroup common stock traded well below $1.00 on the <a href="/wiki/New_York_Stock_Exchange" title="New York Stock Exchange">New York Stock Exchange</a>. </p><p>As a result, late in the evening on November 23, 2008, Citigroup and Federal regulators approved a plan to stabilize the company and forestall a further deterioration in the company's value. On November 24, 2008, the U.S. government announced a massive bailout for Citigroup designed to rescue the company from bankruptcy while giving the government a major say in its operations. A joint statement by the <a href="/wiki/US_Treasury_Department" class="mw-redirect" title="US Treasury Department">US Treasury Department</a>, the <a href="/wiki/Federal_Reserve" title="Federal Reserve">Federal Reserve</a> and the <a href="/wiki/Federal_Deposit_Insurance_Corporation" title="Federal Deposit Insurance Corporation">Federal Deposit Insurance Corporation</a> (FDIC) announced: "With these transactions, the U.S. government is taking the actions necessary to strengthen the financial system and protect U.S. taxpayers and the U.S. economy."<sup id="cite_ref-60" class="reference"><a href="#cite_note-60"><span class="cite-bracket">&#91;</span>60<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-61" class="reference"><a href="#cite_note-61"><span class="cite-bracket">&#91;</span>61<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-62" class="reference"><a href="#cite_note-62"><span class="cite-bracket">&#91;</span>62<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-63" class="reference"><a href="#cite_note-63"><span class="cite-bracket">&#91;</span>63<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-64" class="reference"><a href="#cite_note-64"><span class="cite-bracket">&#91;</span>64<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="TARP_funding">TARP funding</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=10" title="Edit section: TARP funding"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Citi received the largest amount of <a href="/wiki/Troubled_Asset_Relief_Program" title="Troubled Asset Relief Program">TARP</a> funding, "a larger bailout than any other U.S. bank."<sup id="cite_ref-65" class="reference"><a href="#cite_note-65"><span class="cite-bracket">&#91;</span>65<span class="cite-bracket">&#93;</span></a></sup> The bailout called for the government to back about $306&#160;billion in loans and securities and directly invest about $20&#160;billion in the company. The Treasury provided $20&#160;billion in <a href="/wiki/Troubled_Asset_Relief_Program" title="Troubled Asset Relief Program">Troubled Asset Relief Program</a> (TARP) funds in addition to $25&#160;billion given in October. The Treasury Department, the Federal Reserve and the FDIC agreed to cover 90% of the losses on Citigroup's $335&#160;billion portfolio after Citigroup absorbed the first $29&#160;billion in losses. The Treasury would assume the first $5&#160;billion in losses; the FDIC would absorb the next $10&#160;billion; then the Federal Reserve would assume the rest of the risk. The assets remained on Citigroup's balance sheet; the technical term for this arrangement is <a href="/wiki/Ring_fence" class="mw-redirect" title="Ring fence">ring fencing</a>. </p><p>In return, the bank gave the U.S. Treasury $27&#160;billion of preferred shares and warrants to acquire <a href="/wiki/Common_stock" title="Common stock">common stock</a>. The government obtained wide powers over banking operations. Citigroup agreed to try to modify mortgages, using standards set up by the FDIC after the collapse of <a href="/wiki/IndyMac_Bank" class="mw-redirect" title="IndyMac Bank">IndyMac Bank</a>, with the goal of keeping as many homeowners as possible in their houses. Executive salaries would be capped.<sup id="cite_ref-66" class="reference"><a href="#cite_note-66"><span class="cite-bracket">&#91;</span>66<span class="cite-bracket">&#93;</span></a></sup> As a condition of the federal assistance, Citigroup's dividend payment was reduced to $0.01 per share. </p><p>In a <i><a href="/wiki/New_York_Times" class="mw-redirect" title="New York Times">New York Times</a></i> op-ed, Michael Lewis and David Einhorn described the November 2008 $306&#160;billion (~$425&#160;billion in 2023) guarantee as "an undisguised gift" without any real crisis motivating it.<sup id="cite_ref-67" class="reference"><a href="#cite_note-67"><span class="cite-bracket">&#91;</span>67<span class="cite-bracket">&#93;</span></a></sup> </p><p>According to <i><a href="/wiki/The_Wall_Street_Journal" title="The Wall Street Journal">The Wall Street Journal</a></i>, the government aid provided to Citi in 2008/2009 was provided to prevent a worldwide chaos and panic by the potential collapse of its Global Transactions Services (now TTS) division. According to the article, former CEO <a href="/wiki/Vikram_Pandit" title="Vikram Pandit">Pandit</a> said if Citigroup was allowed to unravel into bankruptcy, "100 governments around the world would be trying to figure out how to pay their employees".<sup id="cite_ref-68" class="reference"><a href="#cite_note-68"><span class="cite-bracket">&#91;</span>68<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-69" class="reference"><a href="#cite_note-69"><span class="cite-bracket">&#91;</span>69<span class="cite-bracket">&#93;</span></a></sup> </p><p>According to New York Attorney General <a href="/wiki/Andrew_Cuomo" title="Andrew Cuomo">Andrew Cuomo</a>, Citigroup paid hundreds of millions of dollars in bonuses to more than 1,038 of its employees after it had received its $45&#160;billion (~$62.5&#160;billion in 2023) TARP funds in late 2008. This included 738 employees each receiving $1&#160;million in bonuses, 176 employees each receiving $2&#160;million bonuses, 124 each receiving $3&#160;million in bonuses, and 143 each receiving bonuses of $4&#160;million to more than $10&#160;million.<sup id="cite_ref-70" class="reference"><a href="#cite_note-70"><span class="cite-bracket">&#91;</span>70<span class="cite-bracket">&#93;</span></a></sup> As a result of the criticism and the U.S. Government's majority holding of Citigroup's <a href="/wiki/Common_stock" title="Common stock">common stock</a>, compensation and bonuses were restricted from February 2009 until December 2010.<sup id="cite_ref-71" class="reference"><a href="#cite_note-71"><span class="cite-bracket">&#91;</span>71<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2009, <a href="/wiki/Jane_Fraser_(banking)" class="mw-redirect" title="Jane Fraser (banking)">Jane Fraser</a>, the CEO of Citi Private Bank, stopped paying its bankers with a commission for selling investment products, in a move to bolster Citi Private Bank's reputation as an independent wealth management adviser, as opposed to a product pusher.<sup id="cite_ref-72" class="reference"><a href="#cite_note-72"><span class="cite-bracket">&#91;</span>72<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Creation_of_Citi_Holdings_(2009)"><span id="Creation_of_Citi_Holdings_.282009.29"></span>Creation of Citi Holdings (2009)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=11" title="Edit section: Creation of Citi Holdings (2009)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>On January 16, 2009, Citigroup announced its intention to reorganize itself into two operating units: Citicorp for its retail and institutional client business, and Citi Holdings for its brokerage and asset management.<sup id="cite_ref-prsplit_73-0" class="reference"><a href="#cite_note-prsplit-73"><span class="cite-bracket">&#91;</span>73<span class="cite-bracket">&#93;</span></a></sup> Citigroup will continue to operate as a single company for the time being, but Citi Holdings managers will be tasked to "take advantage of value-enhancing disposition and combination opportunities as they emerge",<sup id="cite_ref-prsplit_73-1" class="reference"><a href="#cite_note-prsplit-73"><span class="cite-bracket">&#91;</span>73<span class="cite-bracket">&#93;</span></a></sup> and eventual spin-offs or mergers involving either operating unit were not ruled out.<sup id="cite_ref-74" class="reference"><a href="#cite_note-74"><span class="cite-bracket">&#91;</span>74<span class="cite-bracket">&#93;</span></a></sup> Citi Holdings consists of Citi businesses that Citi wants to sell and are not considered part of Citi's core businesses. The majority of its assets are U.S. mortgages. It was created in the wake of the financial crisis as part of Citi's restructuring plan. It consists of several business entities including remaining interests in local consumer lending such as OneMain Financial, divestitures such as Smith Barney, and a special asset pool. Citi Holdings represents $156&#160;billion of GAAP assets, or ~8% of Citigroup; 59% represents North American mortgages, 18% operating businesses, 13% special asset pool, and 10% categorized as other. Operating businesses include OneMain Financial ($10B), PrimeRe ($7B), MSSB JV ($8B) and Spain / Greece retail ($4B), less associated loan loss reserves. While Citi Holdings is a mixed bag, its primary objective is to wind down some non-core businesses and reduce assets, and strategically "breaking even" in 2015.<sup id="cite_ref-75" class="reference"><a href="#cite_note-75"><span class="cite-bracket">&#91;</span>75<span class="cite-bracket">&#93;</span></a></sup> </p><p>On February 27, 2009, Citigroup announced that the U.S. government would take a 36% <a href="/wiki/Stock" title="Stock">equity</a> stake in the company by converting US$25&#160;billion in emergency aid into <a href="/wiki/Common_stock" title="Common stock">common stock</a> with a <a href="/wiki/United_States_Treasury" class="mw-redirect" title="United States Treasury">United States Treasury</a> credit line of $45&#160;billion to prevent the bankruptcy of the company.<sup id="cite_ref-76" class="reference"><a href="#cite_note-76"><span class="cite-bracket">&#91;</span>76<span class="cite-bracket">&#93;</span></a></sup> The government guaranteed losses on more than $300&#160;billion of troubled assets and injected $20&#160;billion immediately into the company. The salary of the CEO was set at $1 per year and the highest salary of employees was restricted to $500,000. Any compensation amount above $500,000 had to be paid with <a href="/wiki/Restricted_stock" title="Restricted stock">restricted stock</a> that could not be sold by the employee until the emergency government aid was repaid in full.<sup id="cite_ref-77" class="reference"><a href="#cite_note-77"><span class="cite-bracket">&#91;</span>77<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-78" class="reference"><a href="#cite_note-78"><span class="cite-bracket">&#91;</span>78<span class="cite-bracket">&#93;</span></a></sup> The U.S. government also gained control of half the seats in the board of directors, and the senior management was subjected to removal by the US government if there were poor performance. By December 2009, the U.S. government stake was reduced from a 36% stake to a 27% stake, after Citigroup sold $21&#160;billion of common shares and equity in the largest single share sale in U.S. history, surpassing Bank of America's $19&#160;billion share sale 1 month prior. By December 2010, Citigroup repaid the emergency aid in full and the U.S. government had made a $12&#160;billion (~$16.4&#160;billion in 2023) profit on its investment in the company.<sup id="cite_ref-79" class="reference"><a href="#cite_note-79"><span class="cite-bracket">&#91;</span>79<span class="cite-bracket">&#93;</span></a></sup> Government restrictions on pay and oversight of the senior management were removed after the U.S. government sold its remaining 27% stake in December 2010.<sup id="cite_ref-80" class="reference"><a href="#cite_note-80"><span class="cite-bracket">&#91;</span>80<span class="cite-bracket">&#93;</span></a></sup> </p><p>On June 1, 2009, it was announced that Citigroup would be removed from the <a href="/wiki/Dow_Jones_Industrial_Average" title="Dow Jones Industrial Average">Dow Jones Industrial Average</a> effective June 8, 2009, due to significant government ownership. Citigroup was replaced by Travelers Co.<sup id="cite_ref-81" class="reference"><a href="#cite_note-81"><span class="cite-bracket">&#91;</span>81<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-82" class="reference"><a href="#cite_note-82"><span class="cite-bracket">&#91;</span>82<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Sale_of_Smith_Barney_(2009)"><span id="Sale_of_Smith_Barney_.282009.29"></span>Sale of Smith Barney (2009)</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=12" title="Edit section: Sale of Smith Barney (2009)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Smith Barney, Citi's global private wealth management unit, provided brokerage, investment banking and asset management services to corporations, governments and individuals around the world. With over 800 offices worldwide, Smith Barney held 9.6&#160;million domestic client accounts, representing $1.562&#160;trillion in client assets worldwide. </p><p>On January 13, 2009, Citi announced the merger of Smith Barney with <a href="/wiki/Morgan_Stanley_Wealth_Management" title="Morgan Stanley Wealth Management">Morgan Stanley Wealth Management</a>. Citi received $2.7&#160;billion and a 49% interest in the joint venture.<sup id="cite_ref-83" class="reference"><a href="#cite_note-83"><span class="cite-bracket">&#91;</span>83<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-84" class="reference"><a href="#cite_note-84"><span class="cite-bracket">&#91;</span>84<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-85" class="reference"><a href="#cite_note-85"><span class="cite-bracket">&#91;</span>85<span class="cite-bracket">&#93;</span></a></sup> </p><p>In June 2013, Citi sold its remaining 49% stake in Smith Barney to Morgan Stanley Wealth Management for $13.5&#160;billion following an appraisal by Perella Weinberg.<sup id="cite_ref-86" class="reference"><a href="#cite_note-86"><span class="cite-bracket">&#91;</span>86<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-87" class="reference"><a href="#cite_note-87"><span class="cite-bracket">&#91;</span>87<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Return_to_profitability,_denationalization_(2010)"><span id="Return_to_profitability.2C_denationalization_.282010.29"></span>Return to profitability, denationalization (2010)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=13" title="Edit section: Return to profitability, denationalization (2010)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2010, Citigroup achieved its first profitable year since 2007. It reported $10.6&#160;billion in net profit, compared with a $1.6&#160;billion loss in 2009.<sup id="cite_ref-88" class="reference"><a href="#cite_note-88"><span class="cite-bracket">&#91;</span>88<span class="cite-bracket">&#93;</span></a></sup> Late in 2010, the government sold its remaining stock holding in the company, yielding an overall net profit to taxpayers of $12&#160;billion (~$16.4&#160;billion in 2023).<sup id="cite_ref-89" class="reference"><a href="#cite_note-89"><span class="cite-bracket">&#91;</span>89<span class="cite-bracket">&#93;</span></a></sup> A special IRS tax exception given to Citi allowed the US Treasury to sell its shares at a profit, while it still owned Citigroup shares, which eventually netted $12&#160;billion. According to Treasury spokeswoman Nayyera Haq, "This (IRS tax) rule was designed to stop corporate raiders from using loss corporations to evade taxes and was never intended to address the unprecedented situation where the government owned shares in banks. And it was certainly not written to prevent the government from selling its shares for a profit."<sup id="cite_ref-90" class="reference"><a href="#cite_note-90"><span class="cite-bracket">&#91;</span>90<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Expansion_of_retail_banking_operations_(2011)"><span id="Expansion_of_retail_banking_operations_.282011.29"></span>Expansion of retail banking operations (2011)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=14" title="Edit section: Expansion of retail banking operations (2011)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2011, Citi was the first bank to introduce digitized Smart Banking branches in Washington, D.C., New York, Tokyo and Busan (South Korea) while it continued renovating its entire branch network.<sup id="cite_ref-91" class="reference"><a href="#cite_note-91"><span class="cite-bracket">&#91;</span>91<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-92" class="reference"><a href="#cite_note-92"><span class="cite-bracket">&#91;</span>92<span class="cite-bracket">&#93;</span></a></sup> New sales and service centers were also opened in Moscow and St. Petersburg. Citi Express modules, 24-hour service units, were introduced in Colombia. Citi opened additional branches in China, expanding its branch presence to 13 cities in China.<sup id="cite_ref-93" class="reference"><a href="#cite_note-93"><span class="cite-bracket">&#91;</span>93<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Expansion_of_credit_card_operations_(2011)"><span id="Expansion_of_credit_card_operations_.282011.29"></span>Expansion of credit card operations (2011)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=15" title="Edit section: Expansion of credit card operations (2011)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Citi Branded Cards introduced several new products in 2011, including: Citi ThankYou, Citi Executive/<a href="/wiki/AAdvantage" title="AAdvantage">AAdvantage</a> and Citi Simplicity cards in the U.S. It also has Latin America partnership cards with Colombia-based airline Avianca and with Banamex and AeroMexico; and a merchant loyalty program in Europe. Citibank is also the first and currently the only international bank to be approved by Chinese regulators to issue credit cards under its own brand without cooperating with Chinese state-owned domestic banks.<sup id="cite_ref-94" class="reference"><a href="#cite_note-94"><span class="cite-bracket">&#91;</span>94<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Chinese_investment_banking_joint_venture_(2012)"><span id="Chinese_investment_banking_joint_venture_.282012.29"></span>Chinese investment banking joint venture (2012)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=16" title="Edit section: Chinese investment banking joint venture (2012)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2012, the Global Markets division and Orient Securities formed Citi Orient Securities, a Shanghai-based equity and debt brokerage operating in the Chinese market.<sup id="cite_ref-95" class="reference"><a href="#cite_note-95"><span class="cite-bracket">&#91;</span>95<span class="cite-bracket">&#93;</span></a></sup> In January 2019, Citigroup announced that it sold its stake in the business to its Chinese partner.<sup id="cite_ref-96" class="reference"><a href="#cite_note-96"><span class="cite-bracket">&#91;</span>96<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Federal_Reserve_stress_tests_(2012–2016)"><span id="Federal_Reserve_stress_tests_.282012.E2.80.932016.29"></span>Federal Reserve stress tests (2012–2016)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=17" title="Edit section: Federal Reserve stress tests (2012–2016)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The company failed the <a href="/wiki/Comprehensive_Capital_Analysis_and_Review" title="Comprehensive Capital Analysis and Review">Comprehensive Capital Analysis and Review</a> <a href="/wiki/Stress_test" class="mw-redirect" title="Stress test">stress tests</a> in 2012 due to Citi's high capital return plan and its international loans, which were rated by the Fed to be at higher risk than its domestic American loans.<sup id="cite_ref-97" class="reference"><a href="#cite_note-97"><span class="cite-bracket">&#91;</span>97<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-98" class="reference"><a href="#cite_note-98"><span class="cite-bracket">&#91;</span>98<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-99" class="reference"><a href="#cite_note-99"><span class="cite-bracket">&#91;</span>99<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-100" class="reference"><a href="#cite_note-100"><span class="cite-bracket">&#91;</span>100<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-101" class="reference"><a href="#cite_note-101"><span class="cite-bracket">&#91;</span>101<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-102" class="reference"><a href="#cite_note-102"><span class="cite-bracket">&#91;</span>102<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2013, Sanjiv Das was replaced as head of CitiMortgage with <a href="/wiki/Jane_Fraser_(banking)" class="mw-redirect" title="Jane Fraser (banking)">Jane Fraser</a>, former head of Citi Private Bank.<sup id="cite_ref-103" class="reference"><a href="#cite_note-103"><span class="cite-bracket">&#91;</span>103<span class="cite-bracket">&#93;</span></a></sup> </p><p>The company failed the stress tests again in 2014, this time due to qualitative concerns.<sup id="cite_ref-104" class="reference"><a href="#cite_note-104"><span class="cite-bracket">&#91;</span>104<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-105" class="reference"><a href="#cite_note-105"><span class="cite-bracket">&#91;</span>105<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-106" class="reference"><a href="#cite_note-106"><span class="cite-bracket">&#91;</span>106<span class="cite-bracket">&#93;</span></a></sup> </p><p>However, it passed the stress tests in 2015<sup id="cite_ref-107" class="reference"><a href="#cite_note-107"><span class="cite-bracket">&#91;</span>107<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-108" class="reference"><a href="#cite_note-108"><span class="cite-bracket">&#91;</span>108<span class="cite-bracket">&#93;</span></a></sup> and in 2016.<sup id="cite_ref-109" class="reference"><a href="#cite_note-109"><span class="cite-bracket">&#91;</span>109<span class="cite-bracket">&#93;</span></a></sup> </p><p>In February 2016, the company was subject to a $1.1&#160;billion fraud lawsuit filed by lender <a href="/wiki/Rabobank" title="Rabobank">Rabobank</a> and other investors as a result of the bankruptcy of Oceanografia SA, a Mexican oil services firm. The plaintiffs claimed that Citigroup conspired with Oceanografia to accept falsified work estimates.<sup id="cite_ref-110" class="reference"><a href="#cite_note-110"><span class="cite-bracket">&#91;</span>110<span class="cite-bracket">&#93;</span></a></sup> The courts found in favor of Citigroup.<sup id="cite_ref-111" class="reference"><a href="#cite_note-111"><span class="cite-bracket">&#91;</span>111<span class="cite-bracket">&#93;</span></a></sup> </p><p>In April 2016, Citigroup announced that it would eliminate its <a href="/wiki/Bad_bank" title="Bad bank">bad bank</a>, Citi Holdings.<sup id="cite_ref-112" class="reference"><a href="#cite_note-112"><span class="cite-bracket">&#91;</span>112<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Spin-off_of_Napier_Park_Global_Capital_(2013)"><span id="Spin-off_of_Napier_Park_Global_Capital_.282013.29"></span>Spin-off of Napier Park Global Capital (2013)</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=18" title="Edit section: Spin-off of Napier Park Global Capital (2013)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Under the leadership of CEO Michael Corbat, Citi Capital Advisors (CCA), formerly Citi Alternative Investments, was a <a href="/wiki/Hedge_fund" title="Hedge fund">hedge fund</a> that offered various investment strategies across multiple asset classes. To comply with the <a href="/wiki/Volcker_Rule" title="Volcker Rule">Volcker Rule</a>, which limits bank ownership in hedge funds to no more than 3%, Citi spun off its hedge fund unit in 2013 and gave a majority of the company to its managers.<sup id="cite_ref-113" class="reference"><a href="#cite_note-113"><span class="cite-bracket">&#91;</span>113<span class="cite-bracket">&#93;</span></a></sup> The spin-off of CCA created Napier Park Global Capital, a $6.8&#160;billion hedge fund with more than 100 employees in New York and London and managed by Jim O'Brien and Jonathan Dorfman.<sup id="cite_ref-114" class="reference"><a href="#cite_note-114"><span class="cite-bracket">&#91;</span>114<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-115" class="reference"><a href="#cite_note-115"><span class="cite-bracket">&#91;</span>115<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-116" class="reference"><a href="#cite_note-116"><span class="cite-bracket">&#91;</span>116<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-117" class="reference"><a href="#cite_note-117"><span class="cite-bracket">&#91;</span>117<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Downsizing_of_consumer_banking_unit_(2014)"><span id="Downsizing_of_consumer_banking_unit_.282014.29"></span>Downsizing of consumer banking unit (2014)</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=19" title="Edit section: Downsizing of consumer banking unit (2014)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In October 2014, Citigroup announced its exit from consumer banking in 11 markets, including Costa Rica, El Salvador, Guatemala, Nicaragua, Panama, Peru, Japan, Guam, the Czech Republic, Egypt, South Korea (consumer finance only), and Hungary.<sup id="cite_ref-118" class="reference"><a href="#cite_note-118"><span class="cite-bracket">&#91;</span>118<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-119" class="reference"><a href="#cite_note-119"><span class="cite-bracket">&#91;</span>119<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="2015_onwards">2015 onwards</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=20" title="Edit section: 2015 onwards"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In May 2015, the bank announced the sale of its margin foreign exchange business, including <a href="/wiki/CitiFX_Pro" title="CitiFX Pro">CitiFX Pro</a> and TradeStream, to <a href="/wiki/FXCM" title="FXCM">FXCM</a> and <a href="/wiki/SAXO_Bank" class="mw-redirect" title="SAXO Bank">SAXO Bank</a> of <a href="/wiki/Denmark" title="Denmark">Denmark</a>. Despite this deal, industry surveys pegged Citi as the biggest banking player in the forex market. The company's remaining foreign exchange sales &amp; trading businesses continued operating in the wake of this deal under the leadership of James Bindler, who succeeded Jeff Feig as the firm's global head of foreign exchange in 2014.<sup id="cite_ref-120" class="reference"><a href="#cite_note-120"><span class="cite-bracket">&#91;</span>120<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-121" class="reference"><a href="#cite_note-121"><span class="cite-bracket">&#91;</span>121<span class="cite-bracket">&#93;</span></a></sup> </p><p>In November 2015, <a href="/wiki/Springleaf" class="mw-redirect" title="Springleaf">Springleaf</a> acquired <a href="/wiki/OneMain_Financial" title="OneMain Financial">OneMain Financial</a> from Citigroup.<sup id="cite_ref-122" class="reference"><a href="#cite_note-122"><span class="cite-bracket">&#91;</span>122<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-123" class="reference"><a href="#cite_note-123"><span class="cite-bracket">&#91;</span>123<span class="cite-bracket">&#93;</span></a></sup> </p><p>In February 2016, Citi sold its retail and commercial banking operations in Panama and Costa Rica to the <a href="/wiki/Bank_of_Nova_Scotia" class="mw-redirect" title="Bank of Nova Scotia">Bank of Nova Scotia</a> (Scotiabank) for $360&#160;million (~$448&#160;million in 2023). The operations sold include 27 branches serving approximately 250,000 clients. Citi continues to offer corporate and institutional banking and wealth management in Panama and Costa Rica.<sup id="cite_ref-124" class="reference"><a href="#cite_note-124"><span class="cite-bracket">&#91;</span>124<span class="cite-bracket">&#93;</span></a></sup> On April 1, Citigroup became the exclusive issuer of Costco-branded credit cards.<sup id="cite_ref-125" class="reference"><a href="#cite_note-125"><span class="cite-bracket">&#91;</span>125<span class="cite-bracket">&#93;</span></a></sup> In April 2016, Citi was given regulatory approval for its "living will", its plans to shut down operations in the event of another financial crisis.<sup id="cite_ref-126" class="reference"><a href="#cite_note-126"><span class="cite-bracket">&#91;</span>126<span class="cite-bracket">&#93;</span></a></sup> </p><p>In response to the <a href="/wiki/COVID-19_pandemic" title="COVID-19 pandemic">COVID-19 pandemic</a>, Citi provided support to cardholders including waiving late fees.<sup id="cite_ref-127" class="reference"><a href="#cite_note-127"><span class="cite-bracket">&#91;</span>127<span class="cite-bracket">&#93;</span></a></sup> It also announced that some lower paid employees would receive a one-off payment of US$1,000 to help them through the crisis.<sup id="cite_ref-128" class="reference"><a href="#cite_note-128"><span class="cite-bracket">&#91;</span>128<span class="cite-bracket">&#93;</span></a></sup> This was not just limited to the US. In Singapore where Citi had a large operation, low paid staff would receive S$1,200.<sup id="cite_ref-129" class="reference"><a href="#cite_note-129"><span class="cite-bracket">&#91;</span>129<span class="cite-bracket">&#93;</span></a></sup> </p><p>In August 2020, Citi mistakenly wired $900&#160;million (~$1.04&#160;billion in 2023) to the creditors of one of its clients, the American cosmetics corporation <a href="/wiki/Revlon" title="Revlon">Revlon</a>. Citi sued to get most of the money back but as of June 2022 had been unsuccessful.<sup id="cite_ref-130" class="reference"><a href="#cite_note-130"><span class="cite-bracket">&#91;</span>130<span class="cite-bracket">&#93;</span></a></sup> In October, the same year, Citigroup was fined $400&#160;million by the US bank regulators as a result of their risk in control systems and was ordered to update their technology. The company will have four months to make a new plan and submit it to the Federal Reserve.<sup id="cite_ref-131" class="reference"><a href="#cite_note-131"><span class="cite-bracket">&#91;</span>131<span class="cite-bracket">&#93;</span></a></sup><sup class="noprint Inline-Template" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Manual_of_Style/Dates_and_numbers#Chronological_items" title="Wikipedia:Manual of Style/Dates and numbers"><span title="The date of the event predicted near this tag has passed. (November 2021)">needs update</span></a></i>&#93;</sup> </p><p>In November 2023, Citigroup began initiating layoffs as part of a corporate overhaul. The layoffs were part of a restructuring plan announced by CEO Jane Fraser, which includes the formation of five new divisions and the departure of several senior executives. The move was in response to Citigroup's stock performance and increased expenses. The full extent of the job cuts, referred to internally as "Project Bora Bora," were reported to involve a reduction of at least 10% or 20 000 of the workforce in several departments.<sup id="cite_ref-132" class="reference"><a href="#cite_note-132"><span class="cite-bracket">&#91;</span>132<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-133" class="reference"><a href="#cite_note-133"><span class="cite-bracket">&#91;</span>133<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Combination_of_Markets_and_Securities_Services_(2019)"><span id="Combination_of_Markets_and_Securities_Services_.282019.29"></span>Combination of Markets and Securities Services (2019)</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=21" title="Edit section: Combination of Markets and Securities Services (2019)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2019, Citi combined its Global Markets and Securities Services business into Markets &amp; Securities Services, which includes broad trading and execution capabilities in addition to <a href="/wiki/Custodian_bank" title="Custodian bank">custody</a>, clearing, financing and hedging services.<sup id="cite_ref-134" class="reference"><a href="#cite_note-134"><span class="cite-bracket">&#91;</span>134<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Shrinking_of_consumer_banking_unit_(2021–2024)"><span id="Shrinking_of_consumer_banking_unit_.282021.E2.80.932024.29"></span>Shrinking of consumer banking unit (2021–2024)</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=22" title="Edit section: Shrinking of consumer banking unit (2021–2024)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In February 2021, <a href="/wiki/Jane_Fraser_(banking)" class="mw-redirect" title="Jane Fraser (banking)">Jane Fraser</a>, became CEO of the company, the first female CEO of a Big Four bank.<sup id="cite_ref-135" class="reference"><a href="#cite_note-135"><span class="cite-bracket">&#91;</span>135<span class="cite-bracket">&#93;</span></a></sup> </p><p>In April 2021, Citi announced it would exit its consumer banking operations in 13 markets, including Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam. In January 2022, it was announced that <a href="/wiki/United_Overseas_Bank" title="United Overseas Bank">UOB</a> would purchase Citi's consumer banking business in Indonesia, Malaysia, Thailand, and Vietnam for approximately $4.9bn.<sup id="cite_ref-136" class="reference"><a href="#cite_note-136"><span class="cite-bracket">&#91;</span>136<span class="cite-bracket">&#93;</span></a></sup> In August 2023, it was announced <a href="/wiki/DBS_Bank" title="DBS Bank">DBS Bank</a> had acquired Citi's consumer banking business in Taiwan, Citi Consumer Taiwan, for a total consideration of $706m.<sup id="cite_ref-137" class="reference"><a href="#cite_note-137"><span class="cite-bracket">&#91;</span>137<span class="cite-bracket">&#93;</span></a></sup> Citi will continue to operate its consumer banking businesses in the US, Canada, Europe and in only 4 other markets: Hong Kong, Singapore, London and the UAE across the entire APAC and EMEA regions.<sup id="cite_ref-138" class="reference"><a href="#cite_note-138"><span class="cite-bracket">&#91;</span>138<span class="cite-bracket">&#93;</span></a></sup> </p><p>In January 2022, Citi further announced its plan to exit consumer banking in <a href="/wiki/Mexico" title="Mexico">Mexico</a>, as well as small-business and middle-market banking operations.<sup id="cite_ref-139" class="reference"><a href="#cite_note-139"><span class="cite-bracket">&#91;</span>139<span class="cite-bracket">&#93;</span></a></sup> On March 1, 2022, Citi disclosed an exposure of over $10bn in Russian assets, which may be materially affected by Russia's expulsion from the <a href="/wiki/SWIFT" title="SWIFT">SWIFT</a> banking system.<sup id="cite_ref-140" class="reference"><a href="#cite_note-140"><span class="cite-bracket">&#91;</span>140<span class="cite-bracket">&#93;</span></a></sup> </p><p>In September 2022, Citi was planning to shutter its retail bank business in the United Kingdom.<sup id="cite_ref-141" class="reference"><a href="#cite_note-141"><span class="cite-bracket">&#91;</span>141<span class="cite-bracket">&#93;</span></a></sup> In January 2024, Citi announced that it would be cutting 20,000 jobs from the company.<sup id="cite_ref-142" class="reference"><a href="#cite_note-142"><span class="cite-bracket">&#91;</span>142<span class="cite-bracket">&#93;</span></a></sup> In June 2024, at its biennial Investor Day, Jane focused the conversation on Citi's Securities Services business, the most profitable of its five business units. </p><p>In October 2024, it was reported that the company would move significant portions of its financial infrastructure to <a href="/wiki/Google_Cloud" class="mw-redirect" title="Google Cloud">Google Cloud</a>.<sup id="cite_ref-143" class="reference"><a href="#cite_note-143"><span class="cite-bracket">&#91;</span>143<span class="cite-bracket">&#93;</span></a></sup> </p><p>In December 2024, Citigroup along with Bank of America announced that they are exiting the&#160; Net-Zero Banking Alliance (NZBA).<sup id="cite_ref-144" class="reference"><a href="#cite_note-144"><span class="cite-bracket">&#91;</span>144<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Involvement_in_controlling_the_sale_of_guns">Involvement in controlling the sale of guns</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=23" title="Edit section: Involvement in controlling the sale of guns"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2018, <i><a href="/wiki/The_New_York_Times" title="The New York Times">The New York Times</a></i> reported about Citi's actions, under the direction of CEO <a href="/wiki/Michael_Corbat" title="Michael Corbat">Michael Corbat</a>, to intervene in the matter of gun control. In particular, their credit card policies were set to restrict the sale of guns below age 21.<sup id="cite_ref-145" class="reference"><a href="#cite_note-145"><span class="cite-bracket">&#91;</span>145<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Offices">Offices</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=24" title="Edit section: Offices"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size mw-halign-right" typeof="mw:File/Thumb"><a href="/wiki/File:Citigroup.canary.wharf.arp.500pix.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/c/c6/Citigroup.canary.wharf.arp.500pix.jpg/220px-Citigroup.canary.wharf.arp.500pix.jpg" decoding="async" width="220" height="294" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/c/c6/Citigroup.canary.wharf.arp.500pix.jpg/330px-Citigroup.canary.wharf.arp.500pix.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/c/c6/Citigroup.canary.wharf.arp.500pix.jpg/440px-Citigroup.canary.wharf.arp.500pix.jpg 2x" data-file-width="500" data-file-height="668" /></a><figcaption>Citigroup EMEA headquarters at the <a href="/wiki/Citigroup_Centre_(London)" title="Citigroup Centre (London)">Citigroup Centre (London)</a>, <a href="/wiki/Canary_Wharf" title="Canary Wharf">Canary Wharf</a>, London</figcaption></figure> <figure class="mw-default-size mw-halign-right" typeof="mw:File/Thumb"><a href="/wiki/File:Citigroup_Centre.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/4/4f/Citigroup_Centre.jpg/220px-Citigroup_Centre.jpg" decoding="async" width="220" height="363" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/4/4f/Citigroup_Centre.jpg/330px-Citigroup_Centre.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/4/4f/Citigroup_Centre.jpg/440px-Citigroup_Centre.jpg 2x" data-file-width="515" data-file-height="849" /></a><figcaption><a href="/wiki/Citigroup_Centre_(Sydney)" title="Citigroup Centre (Sydney)">Citigroup Centre (Sydney)</a></figcaption></figure> <div class="mw-heading mw-heading3"><h3 id="New_York_City">New York City</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=25" title="Edit section: New York City"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The company operates offices in the following buildings: </p> <ul><li><a href="/wiki/388_Greenwich_Street" title="388 Greenwich Street">388 Greenwich Street</a> (Manhattan), its global headquarters<sup id="cite_ref-146" class="reference"><a href="#cite_note-146"><span class="cite-bracket">&#91;</span>146<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-147" class="reference"><a href="#cite_note-147"><span class="cite-bracket">&#91;</span>147<span class="cite-bracket">&#93;</span></a></sup></li> <li><a href="/wiki/Citigroup_Center" title="Citigroup Center">Citigroup Center</a>, a diagonal-roof skyscraper in <a href="/wiki/Midtown_Manhattan" title="Midtown Manhattan">Midtown Manhattan</a></li> <li><a href="/wiki/Axa_Equitable_Center" title="Axa Equitable Center">787 Seventh Avenue</a> (Manhattan)</li> <li><a href="/wiki/666_Fifth_Avenue" class="mw-redirect" title="666 Fifth Avenue">666 Fifth Avenue</a> (Manhattan)</li> <li><a href="/wiki/399_Park_Avenue" title="399 Park Avenue">399 Park Avenue</a> (Manhattan)</li> <li>485 <a href="/wiki/Lexington_Avenue" title="Lexington Avenue">Lexington Avenue</a> (Manhattan)</li> <li><a href="/wiki/One_Court_Square" title="One Court Square">One Court Square</a> (<a href="/wiki/Long_Island_City" title="Long Island City">Long Island City</a>, <a href="/wiki/Queens" title="Queens">Queens</a>)</li></ul> <div class="mw-heading mw-heading3"><h3 id="Citigroup_EMEA">Citigroup EMEA</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=26" title="Edit section: Citigroup EMEA"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><a href="/wiki/Citigroup_Centre_(London)" title="Citigroup Centre (London)">Citigroup Centre</a>, <a href="/wiki/Canary_Wharf" title="Canary Wharf">Canary Wharf</a>, London </p> <div class="mw-heading mw-heading3"><h3 id="Citibank_Vietnam">Citibank Vietnam</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=27" title="Edit section: Citibank Vietnam"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/Citibank_Vietnam" title="Citibank Vietnam">Citibank Vietnam</a></div> <p>Citibank first opened a branch in Vietnam prior to 1975.<sup id="cite_ref-148" class="reference"><a href="#cite_note-148"><span class="cite-bracket">&#91;</span>148<span class="cite-bracket">&#93;</span></a></sup> In 1993, Citi returned to Vietnam and established a representative office in <a href="/wiki/Hanoi" title="Hanoi">Hanoi</a>.<sup id="cite_ref-149" class="reference"><a href="#cite_note-149"><span class="cite-bracket">&#91;</span>149<span class="cite-bracket">&#93;</span></a></sup> Citi established the first fully operational U.S. bank branch in Hanoi in 1994.<sup id="cite_ref-150" class="reference"><a href="#cite_note-150"><span class="cite-bracket">&#91;</span>150<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-151" class="reference"><a href="#cite_note-151"><span class="cite-bracket">&#91;</span>151<span class="cite-bracket">&#93;</span></a></sup> Following the branch opening in Ho Chi Minh City in 1998, <sup id="cite_ref-152" class="reference"><a href="#cite_note-152"><span class="cite-bracket">&#91;</span>152<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-153" class="reference"><a href="#cite_note-153"><span class="cite-bracket">&#91;</span>153<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-154" class="reference"><a href="#cite_note-154"><span class="cite-bracket">&#91;</span>154<span class="cite-bracket">&#93;</span></a></sup> Citi established its retail banking franchise in Vietnam in 2009.<sup id="cite_ref-155" class="reference"><a href="#cite_note-155"><span class="cite-bracket">&#91;</span>155<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-156" class="reference"><a href="#cite_note-156"><span class="cite-bracket">&#91;</span>156<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Naming_rights_to_Citi_Field">Naming rights to Citi Field</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=28" title="Edit section: Naming rights to Citi Field"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Citigroup owns the naming rights to <a href="/wiki/Citi_Field" title="Citi Field">Citi Field</a>, the home ballpark of the <a href="/wiki/New_York_Mets" title="New York Mets">New York Mets</a> <a href="/wiki/Major_League_Baseball" title="Major League Baseball">Major League Baseball</a> team, via a $400&#160;million (~$552&#160;million in 2023), 20-year deal that commenced with the stadium opening in 2009.<sup id="cite_ref-157" class="reference"><a href="#cite_note-157"><span class="cite-bracket">&#91;</span>157<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-158" class="reference"><a href="#cite_note-158"><span class="cite-bracket">&#91;</span>158<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Sioux_Falls">Sioux Falls</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=29" title="Edit section: Sioux Falls"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Citibank moved its credit card operations to <a href="/wiki/Sioux_Falls" class="mw-redirect" title="Sioux Falls">Sioux Falls</a>, <a href="/wiki/South_Dakota" title="South Dakota">South Dakota</a>, in 1981 after that state eliminated caps on interest rates.<sup id="cite_ref-159" class="reference"><a href="#cite_note-159"><span class="cite-bracket">&#91;</span>159<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-NYbagelfalls_18-1" class="reference"><a href="#cite_note-NYbagelfalls-18"><span class="cite-bracket">&#91;</span>18<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Regulatory_action,_lawsuits,_and_arbitration"><span id="Regulatory_action.2C_lawsuits.2C_and_arbitration"></span>Regulatory action, lawsuits, and arbitration</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=30" title="Edit section: Regulatory action, lawsuits, and arbitration"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2004, Japanese regulators took action against Citibank Japan loaning to a customer involved in stock manipulation. The regulator suspended bank activities in one branch and three offices and restricted their consumer banking division. In 2009, Japanese regulators again took action against Citibank Japan, because the bank had not set up an effective <a href="/wiki/Money_laundering" title="Money laundering">money laundering</a> monitoring system. The regulators suspended sales operations within Citibank's retail banking for a month.<sup id="cite_ref-160" class="reference"><a href="#cite_note-160"><span class="cite-bracket">&#91;</span>160<span class="cite-bracket">&#93;</span></a></sup> </p><p>On March 23, 2005, the <a href="/wiki/National_Association_of_Securities_Dealers" class="mw-redirect" title="National Association of Securities Dealers">National Association of Securities Dealers</a>, the former name of the American self-regulatory organization for broker-dealers, now known as the <a href="/wiki/Financial_Industry_Regulatory_Authority" title="Financial Industry Regulatory Authority">Financial Industry Regulatory Authority</a> (FInRA) announced total fines of $21.25&#160;million against Citigroup Global Markets, Inc., American Express Financial Advisors and Chase Investment Services regarding suitability and supervisory violations of their mutual fund sales practices between January 2002 and July 2003. The case against Citigroup involved recommendations and sales of Class B and Class C shares of mutual funds.<sup id="cite_ref-161" class="reference"><a href="#cite_note-161"><span class="cite-bracket">&#91;</span>161<span class="cite-bracket">&#93;</span></a></sup> </p><p>On June 6, 2007, FInRA announced more than $15&#160;million (~$21.2&#160;million in 2023) in fines and restitution against Citigroup Global Markets, Inc., to settle charges related to misleading documents and inadequate disclosure in retirement seminars and meetings for BellSouth Corp. employees in North Carolina and South Carolina. FInRA found that Citigroup did not properly supervise a team of brokers located in Charlotte, N.C., who used misleading sales materials during dozens of seminars and meetings for hundreds of BellSouth employees.<sup id="cite_ref-162" class="reference"><a href="#cite_note-162"><span class="cite-bracket">&#91;</span>162<span class="cite-bracket">&#93;</span></a></sup> </p><p>In July 2010, Citigroup agreed to pay $75&#160;million (~$102&#160;million in 2023) to settle civil charges that it misled investors over potential losses from high-risk mortgages. The <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a> said that Citigroup had made misleading statements about the company's exposure to subprime mortgages. In 2007, Citigroup indicated that its exposure was less than $13&#160;billion, when in fact it was over $50&#160;billion.<sup id="cite_ref-163" class="reference"><a href="#cite_note-163"><span class="cite-bracket">&#91;</span>163<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-164" class="reference"><a href="#cite_note-164"><span class="cite-bracket">&#91;</span>164<span class="cite-bracket">&#93;</span></a></sup> </p><p>In April 2011, an arbitration panel ordered Citigroup Inc to pay $54.1&#160;million for losses from municipal securities funds that cratered between 2007 and 2008.<sup id="cite_ref-165" class="reference"><a href="#cite_note-165"><span class="cite-bracket">&#91;</span>165<span class="cite-bracket">&#93;</span></a></sup> </p><p>In August 2012, Citigroup agreed to pay almost $25&#160;million (~$32.8&#160;million in 2023) to settle an investor lawsuit alleging the bank misled investors about the nature of mortgage-backed securities. The lawsuit was on behalf of investors who purchased certificates in one of two mortgage-backed securities trusts from Citigroup Mortgage Loan Trust Inc in 2007.<sup id="cite_ref-166" class="reference"><a href="#cite_note-166"><span class="cite-bracket">&#91;</span>166<span class="cite-bracket">&#93;</span></a></sup> </p><p>In February 2012, Citigroup agreed to pay $158.3&#160;million (~$208&#160;million in 2023) to settle claims that it falsely certified the quality of loans issued by its CitiMortgage unit over a period of more than six years, so that they would qualify for insurance from the <a href="/wiki/Federal_Housing_Administration" title="Federal Housing Administration">Federal Housing Administration</a>. The lawsuit was initially brought by Sherry Hunt, a CitiMortgage employee.<sup id="cite_ref-167" class="reference"><a href="#cite_note-167"><span class="cite-bracket">&#91;</span>167<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-168" class="reference"><a href="#cite_note-168"><span class="cite-bracket">&#91;</span>168<span class="cite-bracket">&#93;</span></a></sup> </p><p>On February 9, 2012, it was announced that the five largest mortgage servicers (Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo) agreed to a historic settlement with the federal government and 49 states.<sup id="cite_ref-169" class="reference"><a href="#cite_note-169"><span class="cite-bracket">&#91;</span>169<span class="cite-bracket">&#93;</span></a></sup> The settlement, known as the <a href="/wiki/National_Mortgage_Settlement" class="mw-redirect" title="National Mortgage Settlement">National Mortgage Settlement</a> (NMS), required the servicers to provide about $26&#160;billion in relief to distressed homeowners and in-direct payments to the states and the federal government. This settlement amount makes the NMS the second largest civil settlement in U.S. history, only trailing the <a href="/wiki/Tobacco_Master_Settlement_Agreement" title="Tobacco Master Settlement Agreement">Tobacco Master Settlement Agreement</a>.<sup id="cite_ref-170" class="reference"><a href="#cite_note-170"><span class="cite-bracket">&#91;</span>170<span class="cite-bracket">&#93;</span></a></sup> The five banks were also required to comply with 305 new mortgage servicing standards. Oklahoma held out and agreed to settle with the banks separately. </p><p>In 2014, Citigroup agreed to pay $7&#160;billion (~$8.87&#160;billion in 2023) to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis. Attorney General Eric H. Holder Jr. said "The bank's misconduct was egregious.&#160;... As a result of their assurances that toxic financial products were sound, Citigroup was able to expand its market share and increase profits" and that "the settlement did not absolve the bank or its employees from facing criminal charges."<sup id="cite_ref-171" class="reference"><a href="#cite_note-171"><span class="cite-bracket">&#91;</span>171<span class="cite-bracket">&#93;</span></a></sup> </p><p>In July 2015, Citigroup was fined $70&#160;million by the <a href="/wiki/United_States_Consumer_Financial_Protection_Bureau" class="mw-redirect" title="United States Consumer Financial Protection Bureau">United States Consumer Financial Protection Bureau</a> and the <a href="/wiki/Office_of_the_Comptroller_of_the_Currency" title="Office of the Comptroller of the Currency">Office of the Comptroller of the Currency</a>, and ordered to pay $700&#160;million to customers. Citigroup had conducted illegal practices in marketing add-on products for credit cards, including credit monitoring, debt-protection products and wallet-protection services.<sup id="cite_ref-172" class="reference"><a href="#cite_note-172"><span class="cite-bracket">&#91;</span>172<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-173" class="reference"><a href="#cite_note-173"><span class="cite-bracket">&#91;</span>173<span class="cite-bracket">&#93;</span></a></sup> </p><p>In January 2017, Citigroup Global Markets Inc. was fined $25&#160;million (~$30.6&#160;million in 2023) by the <a href="/wiki/Commodity_Futures_Trading_Commission" title="Commodity Futures Trading Commission">Commodity Futures Trading Commission</a> for <a href="/wiki/Spoofing_(finance)" title="Spoofing (finance)">order spoofing</a> in U.S. Treasury futures markets, i.e., placing orders that were intended to be canceled before execution, and for failing to diligently supervise its employees with regard to spoofing.<sup id="cite_ref-174" class="reference"><a href="#cite_note-174"><span class="cite-bracket">&#91;</span>174<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Enron,_WorldCom,_and_Global_Crossing_bankruptcies"><span id="Enron.2C_WorldCom.2C_and_Global_Crossing_bankruptcies"></span>Enron, WorldCom, and Global Crossing bankruptcies</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=31" title="Edit section: Enron, WorldCom, and Global Crossing bankruptcies"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>On October 22, 2001, Citigroup was sued for violating federal securities laws by misrepresenting Citigroup's <a href="/wiki/Enron" title="Enron">Enron</a>-related exposure in its 2001 Annual Report and elsewhere, and failing to disclose the true extent of Citigroup's legal liability arising out of its 'structured finance' deals with Enron.<sup id="cite_ref-175" class="reference"><a href="#cite_note-175"><span class="cite-bracket">&#91;</span>175<span class="cite-bracket">&#93;</span></a></sup> In 2003, Citigroup paid $145&#160;million (~$230&#160;million in 2023) in fines and penalties to settle claims by the <a href="/wiki/Securities_and_Exchange_Commission" class="mw-redirect" title="Securities and Exchange Commission">Securities and Exchange Commission</a> and the Manhattan district attorney's office.<sup id="cite_ref-176" class="reference"><a href="#cite_note-176"><span class="cite-bracket">&#91;</span>176<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2004, Citigroup paid $2.65&#160;billion pre-tax, or $1.64&#160;billion after-tax, to settle a lawsuit concerning its role in selling stocks and bonds for <a href="/wiki/WorldCom" class="mw-redirect" title="WorldCom">WorldCom</a>, the second largest telecommunications company in the world, which collapsed after an <a href="/wiki/Accounting_scandal" class="mw-redirect" title="Accounting scandal">accounting scandal</a>.<sup id="cite_ref-177" class="reference"><a href="#cite_note-177"><span class="cite-bracket">&#91;</span>177<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-178" class="reference"><a href="#cite_note-178"><span class="cite-bracket">&#91;</span>178<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-179" class="reference"><a href="#cite_note-179"><span class="cite-bracket">&#91;</span>179<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-180" class="reference"><a href="#cite_note-180"><span class="cite-bracket">&#91;</span>180<span class="cite-bracket">&#93;</span></a></sup> </p><p>On February 5, 2002, Citigroup was sued for violating federal securities laws and misleading investors by issuing false information about <a href="/wiki/Global_Crossing" title="Global Crossing">Global Crossing</a>'s revenues and financial performance. In 2005, Citigroup paid $75&#160;million (~$112&#160;million in 2023) to settle the lawsuit.<sup id="cite_ref-181" class="reference"><a href="#cite_note-181"><span class="cite-bracket">&#91;</span>181<span class="cite-bracket">&#93;</span></a></sup> Citigroup was accused of issuing exaggerated research reports and not disclosing conflicts of interest.<sup id="cite_ref-182" class="reference"><a href="#cite_note-182"><span class="cite-bracket">&#91;</span>182<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-183" class="reference"><a href="#cite_note-183"><span class="cite-bracket">&#91;</span>183<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2005, Citigroup paid $2&#160;billion (~$3&#160;billion in 2023) to settle a lawsuit filed by investors in <a href="/wiki/Enron" title="Enron">Enron</a>.<sup id="cite_ref-184" class="reference"><a href="#cite_note-184"><span class="cite-bracket">&#91;</span>184<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-185" class="reference"><a href="#cite_note-185"><span class="cite-bracket">&#91;</span>185<span class="cite-bracket">&#93;</span></a></sup> In 2008, Citi also agreed to pay $1.66&#160;billion (~$2.31&#160;billion in 2023) to Enron creditors.<sup id="cite_ref-186" class="reference"><a href="#cite_note-186"><span class="cite-bracket">&#91;</span>186<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-187" class="reference"><a href="#cite_note-187"><span class="cite-bracket">&#91;</span>187<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-188" class="reference"><a href="#cite_note-188"><span class="cite-bracket">&#91;</span>188<span class="cite-bracket">&#93;</span></a></sup> </p><p>On November 8, 2007, Citigroup was sued for financial misrepresentations and omissions of what amounted to more than two years of income and an entire line of business. In 2012, the company paid $590&#160;million (~$774&#160;million in 2023) to settle the case.<sup id="cite_ref-189" class="reference"><a href="#cite_note-189"><span class="cite-bracket">&#91;</span>189<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-190" class="reference"><a href="#cite_note-190"><span class="cite-bracket">&#91;</span>190<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Senior_leadership">Senior leadership</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=32" title="Edit section: Senior leadership"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><i>Chairman</i>: <a href="/wiki/John_C._Dugan" title="John C. Dugan">John Dugan</a> (since January 2019)</li> <li><i>chief executive officer</i>: <a href="/wiki/Jane_Fraser_(executive)" title="Jane Fraser (executive)">Jane Fraser</a> (since March 2021)</li> <li><i>chief financial officer</i>: <a href="/wiki/Mark_Mason_(executive)" title="Mark Mason (executive)">Mark Mason</a> (since February 2019)</li></ul> <div class="mw-heading mw-heading3"><h3 id="List_of_former_chairmen">List of former chairmen</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=33" title="Edit section: List of former chairmen"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><i>This list only contains chairmen since the formation of Citigroup in 1998; for a full list of chairmen including Citigroup's predecessors, please see <a href="/wiki/List_of_chairmen_of_Citigroup" title="List of chairmen of Citigroup">List of chairmen of Citigroup</a>.</i> </p> <ol><li><a href="/wiki/John_S._Reed" title="John S. Reed">John Reed</a> and <a href="/wiki/Sanford_I._Weill" title="Sanford I. Weill">Sandy Weill</a> (1998–2000)</li> <li><a href="/wiki/Sanford_I._Weill" title="Sanford I. Weill">Sandy Weill</a> (2000–2006)</li> <li><a href="/wiki/Charles_Prince" title="Charles Prince">Charles Prince</a> (2006–2007)</li> <li><a href="/wiki/Winfried_Bischoff" title="Winfried Bischoff">Sir Win Bischoff</a> (2007–2009)</li> <li><a href="/wiki/Richard_Parsons_(businessman)" title="Richard Parsons (businessman)">Dick Parsons</a> (2009–2012)</li> <li><a href="/wiki/Michael_E._O%27Neill" title="Michael E. O&#39;Neill">Michael O'Neill</a> (2012–2019)</li></ol> <div class="mw-heading mw-heading3"><h3 id="List_of_former_chief_executives">List of former chief executives</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=34" title="Edit section: List of former chief executives"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><i>This list only contains chief executives since the formation of Citigroup in 1998.</i> </p> <ol><li><a href="/wiki/Sanford_I._Weill" title="Sanford I. Weill">Sandy Weill</a> (1998–2003)</li> <li><a href="/wiki/Charles_Prince" title="Charles Prince">Charles Prince</a> (2003–2007)</li> <li><a href="/wiki/Vikram_Pandit" title="Vikram Pandit">Vikram Pandit</a> (2007–2012)</li> <li><a href="/wiki/Michael_Corbat" title="Michael Corbat">Michael Corbat</a> (2012–2021)</li></ol> <div class="mw-heading mw-heading2"><h2 id="Financial_data">Financial data</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=35" title="Edit section: Financial data"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <table class="wikitable"> <tbody><tr> <th>Year</th> <th>2005</th> <th>2006</th> <th>2007</th> <th>2008</th> <th>2009</th> <th>2010</th> <th>2011</th> <th>2012</th> <th>2013</th> <th>2014</th> <th>2015</th> <th>2016</th> <th>2017</th> <th>2018</th> <th>2019</th> <th>2020</th> <th>2021</th> <th>2022 </th> <th>2023 </th></tr> <tr> <td><a href="/wiki/Revenue" title="Revenue">Revenue</a></td> <td>80.077</td> <td>86.327</td> <td>77.300</td> <td>51.599</td> <td>80.285</td> <td>85.749</td> <td>77.261</td> <td>69.190</td> <td>76.419</td> <td>76.882</td> <td>77.277</td> <td>70.797</td> <td>72.444</td> <td>72.854</td> <td>75.067</td> <td>75.501</td> <td>71.884</td> <td>75.338 </td> <td>78.462 </td></tr> <tr> <td><a href="/wiki/Net_income" title="Net income">Net income</a></td> <td>24.589</td> <td>21.538</td> <td>3.617</td> <td>(27.684)</td> <td>(1.606)</td> <td>10.602</td> <td>11.215</td> <td>7.541</td> <td>13.673</td> <td>7.313</td> <td>17.242</td> <td>14.912</td> <td>(6.798)</td> <td>18.045</td> <td>19.401</td> <td>11.047</td> <td>21.952</td> <td>14.845 </td> <td>9.228 </td></tr> <tr> <td><a href="/wiki/Asset" title="Asset">Assets</a></td> <td>1,494</td> <td>1,884</td> <td>2,187</td> <td>1,938</td> <td>1,856</td> <td>1,914</td> <td>1,874</td> <td>1,865</td> <td>1,880</td> <td>1,843</td> <td>1,823</td> <td>1,809</td> <td>1,875</td> <td>1,917</td> <td>1,951</td> <td>2,260</td> <td>2,291</td> <td>2,416 </td> <td>2,412 </td></tr> <tr> <td><a href="/wiki/Workforce" title="Workforce">Headcount</a></td> <td>296</td> <td>327</td> <td>375</td> <td>323</td> <td>265</td> <td>260</td> <td>266</td> <td>259</td> <td>251</td> <td>241</td> <td>231</td> <td>219</td> <td>209</td> <td>204</td> <td>210</td> <td>210</td> <td>223</td> <td>240 </td> <td>239 </td></tr></tbody></table> <p><small><b>Note</b>: Financial data in billions of US dollars and employee data in thousands. The data is sourced from the company's SEC <a href="/wiki/Form_10-K" title="Form 10-K">Form 10-K</a> from 2005 to 2023.</small><sup id="cite_ref-191" class="reference"><a href="#cite_note-191"><span class="cite-bracket">&#91;</span>191<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-192" class="reference"><a href="#cite_note-192"><span class="cite-bracket">&#91;</span>192<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-193" class="reference"><a href="#cite_note-193"><span class="cite-bracket">&#91;</span>193<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-194" class="reference"><a href="#cite_note-194"><span class="cite-bracket">&#91;</span>194<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Ownership">Ownership</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=36" title="Edit section: Ownership"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Citigroup is mainly owned by institutional investors, who own around 30% of shares. The 11 largest shareholders of Citigroup in December 2023 were:<sup id="cite_ref-195" class="reference"><a href="#cite_note-195"><span class="cite-bracket">&#91;</span>195<span class="cite-bracket">&#93;</span></a></sup> </p> <ul><li><a href="/wiki/The_Vanguard_Group" title="The Vanguard Group">The Vanguard Group</a> (8.71%)</li> <li><a href="/wiki/BlackRock" title="BlackRock">BlackRock</a> (8.68%)</li> <li><a href="/wiki/State_Street_Corporation" title="State Street Corporation">State Street Corporation</a> (4.34%)</li> <li><a href="/wiki/Berkshire_Hathaway" title="Berkshire Hathaway">Berkshire Hathaway</a> (2.89%)</li> <li><a href="/wiki/Kingdom_Holding_Company" title="Kingdom Holding Company">Kingdom Holding Company</a> (2.2%)<sup id="cite_ref-196" class="reference"><a href="#cite_note-196"><span class="cite-bracket">&#91;</span>196<span class="cite-bracket">&#93;</span></a></sup></li> <li><a href="/wiki/Geode_Capital_Management" title="Geode Capital Management">Geode Capital Management</a> (1.95%)</li> <li><a href="/wiki/Morgan_Stanley" title="Morgan Stanley">Morgan Stanley</a> (1.49%)</li> <li><a href="/wiki/BNY_Mellon" class="mw-redirect" title="BNY Mellon">BNY Mellon</a> (1.32%)</li> <li><a href="/wiki/Fisher_Investments" title="Fisher Investments">Fisher Investments</a> (1.30%)</li> <li><a href="/wiki/Massachusetts_Financial_Services" class="mw-redirect" title="Massachusetts Financial Services">Massachusetts Financial Services</a> (1.14%)</li> <li><a href="/wiki/Northern_Trust" title="Northern Trust">Northern Trust</a> (1.01%)</li></ul> <div class="mw-heading mw-heading2"><h2 id="Criticism">Criticism</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=37" title="Edit section: Criticism"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Criminal_cartel_charges_in_Australia">Criminal cartel charges in Australia</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=38" title="Edit section: Criminal cartel charges in Australia"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div><p> On June 1, 2018, the <a href="/wiki/Australian_Competition_and_Consumer_Commission" title="Australian Competition and Consumer Commission">Australian Competition and Consumer Commission</a> (ACCC) announced that criminal cartel charges were expected to be laid by the Commonwealth Director of Public Prosecutions (CDPP) against ANZ Bank, its Group Treasurer Rick Moscati, along with Deutsche Bank, Citigroup and a number of individuals.<sup id="cite_ref-accc-01062018_197-0" class="reference"><a href="#cite_note-accc-01062018-197"><span class="cite-bracket">&#91;</span>197<span class="cite-bracket">&#93;</span></a></sup><style 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.ambox-protection{border-left:10px solid #a2a9b1}.mw-parser-output .ambox .mbox-text{border:none;padding:0.25em 0.5em;width:100%}.mw-parser-output .ambox .mbox-image{border:none;padding:2px 0 2px 0.5em;text-align:center}.mw-parser-output .ambox .mbox-imageright{border:none;padding:2px 0.5em 2px 0;text-align:center}.mw-parser-output .ambox .mbox-empty-cell{border:none;padding:0;width:1px}.mw-parser-output .ambox .mbox-image-div{width:52px}@media(min-width:720px){.mw-parser-output .ambox{margin:0 10%}}@media print{body.ns-0 .mw-parser-output .ambox{display:none!important}}</style></p><table class="box-Update plainlinks metadata ambox ambox-content ambox-Update" role="presentation"><tbody><tr><td class="mbox-image"><div class="mbox-image-div"><span typeof="mw:File"><span><img alt="" src="//upload.wikimedia.org/wikipedia/commons/thumb/5/53/Ambox_current_red_Americas.svg/42px-Ambox_current_red_Americas.svg.png" decoding="async" width="42" height="34" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/53/Ambox_current_red_Americas.svg/63px-Ambox_current_red_Americas.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/5/53/Ambox_current_red_Americas.svg/84px-Ambox_current_red_Americas.svg.png 2x" data-file-width="360" data-file-height="290" /></span></span></div></td><td class="mbox-text"><div class="mbox-text-span">This section needs to be <b>updated</b>. The reason given is: what was outcome?.<span class="hide-when-compact"> Please help update this article to reflect recent events or newly available information.</span> <span class="date-container"><i>(<span class="date">June 2024</span>)</i></span></div></td></tr></tbody></table> <div class="mw-heading mw-heading3"><h3 id="Conflicts_of_interest_on_investment_research">Conflicts of interest on investment research</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=39" title="Edit section: Conflicts of interest on investment research"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In December 2002, Citigroup paid fines totaling $400&#160;million (~$648&#160;million in 2023), to states and the federal government as part of a settlement involving charges that ten banks, including Citigroup, deceived investors with biased research. The total settlement with the ten banks was $1.4&#160;billion. The settlement required that the banks separate investment banking from research, and ban any allocation of IPO shares.<sup id="cite_ref-198" class="reference"><a href="#cite_note-198"><span class="cite-bracket">&#91;</span>198<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Citigroup_proprietary_government_bond_trading_scandal_of_2004">Citigroup proprietary government bond trading scandal of 2004</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=40" title="Edit section: Citigroup proprietary government bond trading scandal of 2004"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Citigroup was criticized for disrupting the European <a href="/wiki/Bond_market" title="Bond market">bond market</a> by rapidly selling €11&#160;billion worth of bonds on August 2, 2004, on the MTS Group trading platform, driving down the price and then buying it back at cheaper prices.<sup id="cite_ref-199" class="reference"><a href="#cite_note-199"><span class="cite-bracket">&#91;</span>199<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Plutonomy_report">Plutonomy report</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=41" title="Edit section: Plutonomy report"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>A leaked 2005 <a href="/wiki/Plutonomy" title="Plutonomy">plutonomy</a> report prepared by <i>Citi</i> global strategists for its investor clients documented the imbalance of wealth between the top 1% and the bottom 60% of Anglo-American (viz. United States, United Kingdom, and Canada) households. Six drivers and other economic measurements, such as income and savings rates were also studied and included, in what was described as "an ongoing [bio-]technological revolution; capitalist-friendly governments and tax regimes" both powered by and consumed by the wealthy;<sup id="cite_ref-kms2005_200-0" class="reference"><a href="#cite_note-kms2005-200"><span class="cite-bracket">&#91;</span>200<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-201" class="reference"><a href="#cite_note-201"><span class="cite-bracket">&#91;</span>201<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-202" class="reference"><a href="#cite_note-202"><span class="cite-bracket">&#91;</span>202<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-203" class="reference"><a href="#cite_note-203"><span class="cite-bracket">&#91;</span>203<span class="cite-bracket">&#93;</span></a></sup> the <a href="/wiki/Middle_class" title="Middle class">middle class</a> was not its focus. </p> <div class="mw-heading mw-heading3"><h3 id="2001–2009"><span id="2001.E2.80.932009"></span>2001–2009</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=42" title="Edit section: 2001–2009"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading4"><h4 id="Terra_Securities_scandal">Terra Securities scandal</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=43" title="Edit section: Terra Securities scandal"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In November 2007, it became public that Citigroup was heavily involved in the <a href="/wiki/Terra_Securities_scandal" title="Terra Securities scandal">Terra Securities scandal</a>.<sup id="cite_ref-204" class="reference"><a href="#cite_note-204"><span class="cite-bracket">&#91;</span>204<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-205" class="reference"><a href="#cite_note-205"><span class="cite-bracket">&#91;</span>205<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Allegations_of_theft_from_customer_accounts">Allegations of theft from customer accounts</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=44" title="Edit section: Allegations of theft from customer accounts"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In August 2008, Citigroup agreed to pay nearly $18&#160;million in refunds and fines to settle accusations by California Attorney General <a href="/wiki/Jerry_Brown" title="Jerry Brown">Jerry Brown</a> that it wrongly took funds from the accounts of credit card customers. Citigroup paid $14&#160;million of restitution to roughly 53,000 customers nationwide. A three-year investigation found that Citigroup from 1992 to 2003 used an improper computerized "sweep" feature to move positive balances from card accounts into the bank's general fund, without telling cardholders.<sup id="cite_ref-theft_206-0" class="reference"><a href="#cite_note-theft-206"><span class="cite-bracket">&#91;</span>206<span class="cite-bracket">&#93;</span></a></sup> Brown said that Citigroup "knowingly stole from its customers, mostly poor people and the recently deceased when it designed and implemented the sweeps&#160;... When a whistleblower uncovered the scam and brought it to his superiors [in 2001], they buried the information and continued the illegal practice."<sup id="cite_ref-theft_206-1" class="reference"><a href="#cite_note-theft-206"><span class="cite-bracket">&#91;</span>206<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="2010–2019"><span id="2010.E2.80.932019"></span>2010–2019</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=45" title="Edit section: 2010–2019"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading4"><h4 id="Shareholder_rejection_of_executive_compensation_plan">Shareholder rejection of executive compensation plan</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=46" title="Edit section: Shareholder rejection of executive compensation plan"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>At Citi's 2012 annual shareholders' meeting on April 17, Citi's executive compensation package was rejected, with approximately 55% of the votes being against approval. One of the largest and most activist of the shareholders voting no, the <a href="/wiki/California_Public_Employees%27_Retirement_System" class="mw-redirect" title="California Public Employees&#39; Retirement System">California Public Employees' Retirement System</a>, stated Citi "has not anchored rewards to performance".<sup id="cite_ref-207" class="reference"><a href="#cite_note-207"><span class="cite-bracket">&#91;</span>207<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-208" class="reference"><a href="#cite_note-208"><span class="cite-bracket">&#91;</span>208<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-209" class="reference"><a href="#cite_note-209"><span class="cite-bracket">&#91;</span>209<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-210" class="reference"><a href="#cite_note-210"><span class="cite-bracket">&#91;</span>210<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-211" class="reference"><a href="#cite_note-211"><span class="cite-bracket">&#91;</span>211<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-212" class="reference"><a href="#cite_note-212"><span class="cite-bracket">&#91;</span>212<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Accusations_of_futures_market_manipulation">Accusations of futures market manipulation</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=47" title="Edit section: Accusations of futures market manipulation"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In January 2017, bank regulators fined Citigroup $25&#160;million on account of five traders from the bank having manipulated U.S. Treasury futures more than 2,500 times between July 2011 and December 2012. Citigroup was criticized for failing to adequately supervise its traders and for not having systems in place to detect spoofing, which involves entering fake orders designed to fool others into thinking prices are poised to rise or fall.<sup id="cite_ref-213" class="reference"><a href="#cite_note-213"><span class="cite-bracket">&#91;</span>213<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Alleged_money_laundering_by_Raul_Salinas">Alleged money laundering by Raul Salinas</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=48" title="Edit section: Alleged money laundering by Raul Salinas"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 1998, the <a href="/wiki/General_Accounting_Office" class="mw-redirect" title="General Accounting Office">General Accounting Office</a> issued a report critical of Citibank's handling of funds received from <a href="/wiki/Raul_Salinas_de_Gortari" class="mw-redirect" title="Raul Salinas de Gortari">Raul Salinas de Gortari</a>, brother of <a href="/wiki/Carlos_Salinas" class="mw-redirect" title="Carlos Salinas">Carlos Salinas</a>, the former president of Mexico. The report, titled "Raul Salinas, Citibank and Alleged Money Laundering", indicated that Citibank facilitated the transfer of millions of dollars through complex financial transactions that hid the funds' paper trail. The report indicated that Citibank took on Salinas as a client without making a thorough inquiry as to how he made his fortune, an omission that a Citibank official called a violation of the bank's "know your customer" policy.<sup id="cite_ref-214" class="reference"><a href="#cite_note-214"><span class="cite-bracket">&#91;</span>214<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-215" class="reference"><a href="#cite_note-215"><span class="cite-bracket">&#91;</span>215<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="2020s">2020s</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=49" title="Edit section: 2020s"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading4"><h4 id="Failure_to_establish_effective_risk_management">Failure to establish effective risk management</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=50" title="Edit section: Failure to establish effective risk management"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2020, Citigroup agreed to pay $400&#160;million (~$464&#160;million in 2023) to federal regulators over long-standing concerns regarding Citigroup's failure to establish effective risk management.<sup id="cite_ref-:1_216-0" class="reference"><a href="#cite_note-:1-216"><span class="cite-bracket">&#91;</span>216<span class="cite-bracket">&#93;</span></a></sup> The Federal Reserve and the Office of the Comptroller of the Currency said that Citi had engaged in "unsafe and unsound banking practices." According to them, Citi had failed to correct problems that had been known for years. </p><p>The bank has also been accused of failing to control the flow of dark money through its accounts.<sup id="cite_ref-:1_216-1" class="reference"><a href="#cite_note-:1-216"><span class="cite-bracket">&#91;</span>216<span class="cite-bracket">&#93;</span></a></sup> In 2017, prosecutors claimed drug smugglers were using Citigroup's Banamex USA unit to sneak dirty money into the United States from Mexico. The company agreed to pay more than $97&#160;million to settle the allegations. In 2018, the O.C.C again indicted Citi for shortcomings in its anti-money laundering policies, Citi was required to pay $70M (~$83.7&#160;million in 2023).<sup id="cite_ref-217" class="reference"><a href="#cite_note-217"><span class="cite-bracket">&#91;</span>217<span class="cite-bracket">&#93;</span></a></sup> </p><p>In June 2024, agents from the United States <a href="/wiki/Drug_Enforcement_Administration" title="Drug Enforcement Administration">Drug Enforcement Administration</a>, citing recent investigations into the Sinaloa Cartel, said money launderers continually found ways to take advantage of Citibank's lax controls and oversight policies.<sup id="cite_ref-218" class="reference"><a href="#cite_note-218"><span class="cite-bracket">&#91;</span>218<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="Anti-Armenian_discrimination">Anti-Armenian discrimination</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=51" title="Edit section: Anti-Armenian discrimination"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2023, the <a href="/wiki/Consumer_Financial_Protection_Bureau" title="Consumer Financial Protection Bureau">Consumer Financial Protection Bureau</a> (CFPB) ordered Citigroup to pay $24.5&#160;million in fines and $1.4&#160;million in restitution to <a href="/wiki/Armenian_Americans" title="Armenian Americans">Armenian Americans</a>, alleging that the bank had illegally discriminated against members of the ethnic group and had unjustly denied them credit cards for which they had applied in a period beginning in 2015 and ending in 2021.<sup id="cite_ref-:2_219-0" class="reference"><a href="#cite_note-:2-219"><span class="cite-bracket">&#91;</span>219<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-220" class="reference"><a href="#cite_note-220"><span class="cite-bracket">&#91;</span>220<span class="cite-bracket">&#93;</span></a></sup> According to the CFPB, Citigroup employees used the presence of <i>-ian</i> or <i>-yan</i> in applicant surnames as an indicator that a customer should undergo enhanced screening processes, while also deciding to avoid making mention of this screening method in emails.<sup id="cite_ref-:2_219-1" class="reference"><a href="#cite_note-:2-219"><span class="cite-bracket">&#91;</span>219<span class="cite-bracket">&#93;</span></a></sup> (The suffixes <i>-ian</i> and <i>-yan</i> are frequently found in <a href="/wiki/Armenian_surnames" class="mw-redirect" title="Armenian surnames">Armenian surnames</a>.)<sup id="cite_ref-221" class="reference"><a href="#cite_note-221"><span class="cite-bracket">&#91;</span>221<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Communications">Communications</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=52" title="Edit section: Communications"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Lobbying">Lobbying</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=53" title="Edit section: Lobbying"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Between 1998 and 2014, Citigroup spent nearly $100 million lobbying the federal government.<sup id="cite_ref-222" class="reference"><a href="#cite_note-222"><span class="cite-bracket">&#91;</span>222<span class="cite-bracket">&#93;</span></a></sup> As of 2008, Citigroup was the 16th largest political campaign contributor in the US, out of all organizations, according to <a href="/wiki/OpenSecrets" title="OpenSecrets">OpenSecrets</a>. From 1989 to 2006, members of the firm donated over $23,033,490, 49% of which went to Democrats and 51% of which went to Republicans.<sup id="cite_ref-223" class="reference"><a href="#cite_note-223"><span class="cite-bracket">&#91;</span>223<span class="cite-bracket">&#93;</span></a></sup> Matthew Vadum, a senior editor at the conservative <a href="/wiki/Capital_Research_Center" title="Capital Research Center">Capital Research Center</a>, acknowledged these figures, but pointed out that Citigroup had been "a longtime donor to left-wing pressure groups", and referred to a Capital Research Center Foundation Watch 2006 study of Fortune 100 foundation giving, where Citigroup's foundation gave "20 times more money to groups on the left than to groups on the right" during the tax year 2003.<sup id="cite_ref-224" class="reference"><a href="#cite_note-224"><span class="cite-bracket">&#91;</span>224<span class="cite-bracket">&#93;</span></a></sup> </p> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Edificio_Beatriz_(Madrid)_01.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b9/Edificio_Beatriz_%28Madrid%29_01.jpg/220px-Edificio_Beatriz_%28Madrid%29_01.jpg" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b9/Edificio_Beatriz_%28Madrid%29_01.jpg/330px-Edificio_Beatriz_%28Madrid%29_01.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b9/Edificio_Beatriz_%28Madrid%29_01.jpg/440px-Edificio_Beatriz_%28Madrid%29_01.jpg 2x" data-file-width="3056" data-file-height="2292" /></a><figcaption>View of the <a href="/wiki/Madrid" title="Madrid">Madrid</a> office. Citi has had a presence in Spain for more than a century, and serves as the headquarters of <a href="/wiki/Southern_Europe" title="Southern Europe">Southern Europe</a>.<sup id="cite_ref-225" class="reference"><a href="#cite_note-225"><span class="cite-bracket">&#91;</span>225<span class="cite-bracket">&#93;</span></a></sup></figcaption></figure> <p>In 2014 Citigroup's PAC contributed $804,000 (~$1.02&#160;million in 2023) to campaigns of various members of Congress, i.e. 162 members of the House, including 72 Democrats, where donations averaged about $5,000 per candidate. Of the 57 Democrats supporting the 2015 Spending bill, 34 had received campaign cash from Citigroup's PAC at some point since 2010.<sup id="cite_ref-crp_226-0" class="reference"><a href="#cite_note-crp-226"><span class="cite-bracket">&#91;</span>226<span class="cite-bracket">&#93;</span></a></sup> Citigroup's 2014 donations favored Republicans only slightly. The bank's PAC had been nearly as generous to Democrats as Republicans&#160;– $30,000 to the <a href="/wiki/Democratic_Congressional_Campaign_Committee" title="Democratic Congressional Campaign Committee">Democratic Congressional Campaign Committee</a> (the maximum) and $10,000 to the 'New Democrat Coalition', a group of moderate Democrats most of whom voted for the 2015 spending package. Citibank's PAC made donations to both the campaigns and the leadership PACs of many top Democrats who voted for the 2015 spending bill, including <a href="/wiki/Steny_Hoyer" title="Steny Hoyer">Steny Hoyer</a> (Md.) <a href="/wiki/House_Democratic_Whip" class="mw-redirect" title="House Democratic Whip">House Democratic Whip</a> and Representatives <a href="/wiki/Jim_Himes" title="Jim Himes">Jim Himes</a> (D-Conn.) and <a href="/wiki/Debbie_Wasserman_Schultz" title="Debbie Wasserman Schultz">Debbie Wasserman Schultz</a> (D-Florida.).<sup id="cite_ref-crp_226-1" class="reference"><a href="#cite_note-crp-226"><span class="cite-bracket">&#91;</span>226<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Public_and_governmental_relations">Public and governmental relations</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=54" title="Edit section: Public and governmental relations"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2009, former chairman <a href="/wiki/Richard_Parsons_(businessman)" title="Richard Parsons (businessman)">Richard Parsons</a> hired long-time Washington, D.C. lobbyist <a href="/wiki/Richard_F._Hohlt" title="Richard F. Hohlt">Richard F. Hohlt</a> to advise him and the company about relations with the U.S. government, though not to lobby for the company. While some speculated anonymously that the <a href="/wiki/Federal_Deposit_Insurance_Corporation" title="Federal Deposit Insurance Corporation">Federal Deposit Insurance Corporation</a> (FDIC) would have been a particular focus of Hohlt's attention, Hohlt said he'd had no contact with the government insurance corporation. Some former regulators found room to criticize Hohlt's involvement with Citigroup, because of his earlier involvement with the financial services industry during the <a href="/wiki/Savings_and_loan_crisis" title="Savings and loan crisis">savings and loan crisis</a> of the 1980s. Hohlt responded that though mistakes were made in the earlier episode he'd never been investigated by any government agency and his experience gave him a reason to be back in the "operating room" as parties address the more recent crisis.<sup id="cite_ref-227" class="reference"><a href="#cite_note-227"><span class="cite-bracket">&#91;</span>227<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2010, the company named <a href="/wiki/Edward_Skyler" title="Edward Skyler">Edward Skyler</a>, formerly in New York City government and at <a href="/wiki/Bloomberg_L.P." title="Bloomberg L.P.">Bloomberg L.P.</a>, to its senior public and governmental relations position.<sup id="cite_ref-228" class="reference"><a href="#cite_note-228"><span class="cite-bracket">&#91;</span>228<span class="cite-bracket">&#93;</span></a></sup> Before Skyler was named and before he began his job search, the company reportedly held discussions with three other individuals to fill the position: NY Deputy Mayor <a href="/wiki/Kevin_Sheekey" title="Kevin Sheekey">Kevin Sheekey</a>, Mayor <a href="/wiki/Michael_Bloomberg" title="Michael Bloomberg">Michael Bloomberg</a>'s "political guru&#160;... [who] spearheaded&#160;... his short-lived flirtation with a presidential run&#160;..., who will soon leave City Hall for a position at the mayor's company, Bloomberg L.P.&#160;... After Mr. Bloomberg's improbable victory in the 2001 mayor's race, both Mr. Skyler and Mr. Sheekey followed him from his company to City Hall. Since then, they have been a part of an enormously influential coterie of advisers"; <a href="/wiki/Howard_Wolfson" title="Howard Wolfson">Howard Wolfson</a>, the former communications director for <a href="/wiki/Hillary_Clinton" title="Hillary Clinton">Hillary Clinton</a>'s presidential campaign and Mr. Bloomberg's re-election bid; and <a href="/wiki/Gary_Ginsberg" title="Gary Ginsberg">Gary Ginsberg</a>, now at <a href="/wiki/Time_Warner" class="mw-redirect" title="Time Warner">Time Warner</a> and formerly at <a href="/wiki/News_Corporation_(1980%E2%80%932013)" class="mw-redirect" title="News Corporation (1980–2013)">News Corporation</a>.<sup id="cite_ref-NYT01_229-0" class="reference"><a href="#cite_note-NYT01-229"><span class="cite-bracket">&#91;</span>229<span class="cite-bracket">&#93;</span></a></sup> </p><p>On March 21, 2018, it was announced that Citigroup changed its policy to forbid its business customers from performing certain firearm-related transactions. The policy doesn't affect clients who offer credit cards backed by Citigroup or borrow money, use banking services, or raise capital through the company.<sup id="cite_ref-230" class="reference"><a href="#cite_note-230"><span class="cite-bracket">&#91;</span>230<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Notable_staff">Notable staff</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=55" title="Edit section: Notable staff"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Current">Current</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=56" title="Edit section: Current"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/Jane_Fraser_(executive)" title="Jane Fraser (executive)">Jane Fraser</a> is a <a href="/wiki/Scottish_Americans" title="Scottish Americans">Scottish-American</a> banking executive. She was appointed CEO in March 2021 and was formerly president of Citi, and chief executive officer, Global Consumer Banking.<sup id="cite_ref-231" class="reference"><a href="#cite_note-231"><span class="cite-bracket">&#91;</span>231<span class="cite-bracket">&#93;</span></a></sup> Educated at <a href="/wiki/Girton_College,_Cambridge" title="Girton College, Cambridge">Girton College, Cambridge</a>, and <a href="/wiki/Harvard_Business_School" title="Harvard Business School">Harvard Business School</a>, she was a partner at <a href="/wiki/McKinsey_%26_Company" title="McKinsey &amp; Company">McKinsey &amp; Company</a> for 10 years before joining Citigroup in 2004. She has been promoted numerous times and acceded to four <a href="/wiki/Chief_executive_officer" title="Chief executive officer">CEO</a> posts, the latest being CEO of Citigroup Latin America in April 2015. She was included on <i><a href="/wiki/Fortune_(magazine)" title="Fortune (magazine)">Fortune</a></i><span class="nowrap" style="padding-left:0.1em;">&#39;s</span> "Most Powerful Women in Business" list in 2014, 2015 and 2021,<sup id="cite_ref-232" class="reference"><a href="#cite_note-232"><span class="cite-bracket">&#91;</span>232<span class="cite-bracket">&#93;</span></a></sup> and has been called the "Number 1 Woman to Watch" for two consecutive years by <i><a href="/wiki/American_Banker" title="American Banker">American Banker</a></i>.</li> <li><a href="/wiki/Mark_Mason_(executive)" title="Mark Mason (executive)">Mark Mason</a> is an American business executive, serving since 2019 as the chief financial officer (CFO) of Citigroup.<sup id="cite_ref-233" class="reference"><a href="#cite_note-233"><span class="cite-bracket">&#91;</span>233<span class="cite-bracket">&#93;</span></a></sup></li> <li><a href="/wiki/Edward_Skyler" title="Edward Skyler">Edward Skyler</a> is an American politician and businessperson. He was deputy mayor for operations for <a href="/wiki/New_York_City" title="New York City">New York City</a>, the youngest deputy mayor in New York City's history. In 2010, he was named executive vice president, Global Public Affairs at <a href="#Public_and_government_relations">Citigroup</a>.<sup id="cite_ref-234" class="reference"><a href="#cite_note-234"><span class="cite-bracket">&#91;</span>234<span class="cite-bracket">&#93;</span></a></sup></li> <li><a href="/wiki/Edward_L._Morse" title="Edward L. Morse">Edward L. Morse</a> has been the global head of commodities research since 2011.</li> <li><a href="/wiki/Catherine_L._Mann" title="Catherine L. Mann">Catherine L. Mann</a> has been the chief economist since 2018.</li> <li><a href="/wiki/Manuel_Falc%C3%B3" class="mw-redirect" title="Manuel Falcó">Manuel Falcó</a> has been the global head of investment banking since 2018</li></ul> <div class="mw-heading mw-heading3"><h3 id="Former">Former</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=57" title="Edit section: Former"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/Sanford_I._Weill" title="Sanford I. Weill">Sanford I. Weill</a> – was CEO from 1998 until October 1, 2003. He was also one of the 25 people that <i><a href="/wiki/Time_(magazine)" title="Time (magazine)">Time</a></i> magazine blamed for the financial crisis.<sup id="cite_ref-235" class="reference"><a href="#cite_note-235"><span class="cite-bracket">&#91;</span>235<span class="cite-bracket">&#93;</span></a></sup></li> <li><a href="/w/index.php?title=Michael_G._Ricciardi&amp;action=edit&amp;redlink=1" class="new" title="Michael G. Ricciardi (page does not exist)">Michael G. Ricciardi</a> – was Co-Head of Domestic Fixed Income and supervisor of worldwide sales for fixed-income and equity products.<sup id="cite_ref-:13_236-0" class="reference"><a href="#cite_note-:13-236"><span class="cite-bracket">&#91;</span>236<span class="cite-bracket">&#93;</span></a></sup><sup class="noprint Inline-Template" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Manual_of_Style/Dates_and_numbers#Chronological_items" title="Wikipedia:Manual of Style/Dates and numbers"><span title="The time period mentioned near this tag is ambiguous. (December 2023)">when?</span></a></i>&#93;</sup></li> <li><a href="/wiki/Robert_Rubin" title="Robert Rubin">Robert Rubin</a> – was an advisor and from 1999 till 2009 served as a board member. Rubin received $126&#160;million compensation from Citigroup between 1999 and 2009.<sup id="cite_ref-237" class="reference"><a href="#cite_note-237"><span class="cite-bracket">&#91;</span>237<span class="cite-bracket">&#93;</span></a></sup></li> <li><a href="/wiki/Charles_Prince" title="Charles Prince">Charles Prince</a> – was CEO from 2003 to November 2007. Prince was famously quoted as saying Citigroup was "still dancing" just as the financial crisis hit.<sup id="cite_ref-238" class="reference"><a href="#cite_note-238"><span class="cite-bracket">&#91;</span>238<span class="cite-bracket">&#93;</span></a></sup></li> <li><a href="/wiki/Vikram_Pandit" title="Vikram Pandit">Vikram Pandit</a> – was CEO from December 2007 to October 2012.</li> <li><a href="/wiki/Willem_Buiter" title="Willem Buiter">Willem Buiter</a> – was the chief economist from 2010 until 2018.</li> <li>Mark Carawan was chief compliance officer from 2012 until 2020.<sup id="cite_ref-239" class="reference"><a href="#cite_note-239"><span class="cite-bracket">&#91;</span>239<span class="cite-bracket">&#93;</span></a></sup></li> <li><a href="/wiki/Michael_Corbat" title="Michael Corbat">Michael Corbat</a> – was CEO from October 2012 to February 2021.</li> <li><a href="/wiki/Karen_Peetz" title="Karen Peetz">Karen Peetz</a> – was Chief Administrative Officer from 2020 to 2023.<sup id="cite_ref-240" class="reference"><a href="#cite_note-240"><span class="cite-bracket">&#91;</span>240<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-241" class="reference"><a href="#cite_note-241"><span class="cite-bracket">&#91;</span>241<span class="cite-bracket">&#93;</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=58" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><span class="nowrap"><span class="noviewer" typeof="mw:File"><span><img alt="icon" src="//upload.wikimedia.org/wikipedia/commons/thumb/9/9d/All-currency-symbol.svg/28px-All-currency-symbol.svg.png" decoding="async" width="28" height="28" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/9/9d/All-currency-symbol.svg/42px-All-currency-symbol.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/9/9d/All-currency-symbol.svg/56px-All-currency-symbol.svg.png 2x" data-file-width="54" data-file-height="54" /></span></span> </span><a href="/wiki/Portal:Banks" title="Portal:Banks">Banks&#32;portal</a></li> <li><a href="/wiki/Big_Four_(banking)#United_States" title="Big Four (banking)">Big Four banks</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=59" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-10K-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-10K_1-0">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/831001/000083100124000033/c-20231231.htm">"US SEC: 2023 Form 10-K Citigroup Inc"</a>. <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a>. February 23, 2024.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=US+SEC%3A+2023+Form+10-K+Citigroup+Inc.&amp;rft.pub=U.S.+Securities+and+Exchange+Commission&amp;rft.date=2024-02-23&amp;rft_id=https%3A%2F%2Fwww.sec.gov%2Fix%3Fdoc%3D%2FArchives%2Fedgar%2Fdata%2F831001%2F000083100124000033%2Fc-20231231.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-Merge-2"><span class="mw-cite-backlink">^ <a href="#cite_ref-Merge_2-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Merge_2-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Merge_2-2"><sup><i><b>c</b></i></sup></a> <a href="#cite_ref-Merge_2-3"><sup><i><b>d</b></i></sup></a> <a href="#cite_ref-Merge_2-4"><sup><i><b>e</b></i></sup></a> <a href="#cite_ref-Merge_2-5"><sup><i><b>f</b></i></sup></a> <a href="#cite_ref-Merge_2-6"><sup><i><b>g</b></i></sup></a> <a href="#cite_ref-Merge_2-7"><sup><i><b>h</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMartin1998" class="citation news cs1">Martin, Mitchell (April 7, 1998). <a rel="nofollow" class="external text" href="https://www.nytimes.com/1998/04/07/news/07iht-citi.t.html">"Citicorp and Travelers Plan to Merge in Record $70 billion Deal"</a>. <i><a href="/wiki/The_New_York_Times" title="The New York Times">The New York Times</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=Citicorp+and+Travelers+Plan+to+Merge+in+Record+%2470+billion+Deal&amp;rft.date=1998-04-07&amp;rft.aulast=Martin&amp;rft.aufirst=Mitchell&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F1998%2F04%2F07%2Fnews%2F07iht-citi.t.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://money.cnn.com/2001/12/19/ipo/citigroup/">"Citigroup to spin Travelers"</a>. <i><a href="/wiki/CNN" title="CNN">CNN</a></i>. December 19, 2001.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=CNN&amp;rft.atitle=Citigroup+to+spin+Travelers&amp;rft.date=2001-12-19&amp;rft_id=https%3A%2F%2Fmoney.cnn.com%2F2001%2F12%2F19%2Fipo%2Fcitigroup%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFONeil2016" class="citation news cs1">ONeil, Erin (August 2, 2016). <a rel="nofollow" class="external text" href="https://www.thebalance.com/the-big-4-us-banks-315130">"The Biggest Banks in the United States"</a>. <i>The Balance</i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Balance&amp;rft.atitle=The+Biggest+Banks+in+the+United+States&amp;rft.date=2016-08-02&amp;rft.aulast=ONeil&amp;rft.aufirst=Erin&amp;rft_id=https%3A%2F%2Fwww.thebalance.com%2Fthe-big-4-us-banks-315130&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://fortune.com/company/citigroup/fortune500/">"Fortune 500: Citigroup"</a>. <i><a href="/wiki/Fortune_(magazine)" title="Fortune (magazine)">Fortune</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Fortune&amp;rft.atitle=Fortune+500%3A+Citigroup&amp;rft_id=https%3A%2F%2Ffortune.com%2Fcompany%2Fcitigroup%2Ffortune500%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-6"><span class="mw-cite-backlink"><b><a href="#cite_ref-6">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0">"The Global 2000 2023"</a>. <i>Forbes</i>. 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Retrieved <span class="nowrap">February 7,</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Forbes&amp;rft.atitle=The+Global+2000+2023&amp;rft_id=https%3A%2F%2Fwww.forbes.com%2Flists%2Fglobal2000%2F%3Fsh%3D51d599675ac0&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFLuthi2023" class="citation news cs1">Luthi, Ben (May 2, 2023). <a rel="nofollow" class="external text" href="https://money.usnews.com/credit-cards/articles/biggest-us-credit-card-companies-this-year">"8 Biggest U.S. Credit Card Companies This Year"</a>. <i><a href="/wiki/U.S._News_%26_World_Report" title="U.S. News &amp; World Report">U.S. News &amp; World Report</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=U.S.+News+%26+World+Report&amp;rft.atitle=8+Biggest+U.S.+Credit+Card+Companies+This+Year&amp;rft.date=2023-05-02&amp;rft.aulast=Luthi&amp;rft.aufirst=Ben&amp;rft_id=https%3A%2F%2Fmoney.usnews.com%2Fcredit-cards%2Farticles%2Fbiggest-us-credit-card-companies-this-year&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation book cs1"><a rel="nofollow" class="external text" href="https://books.google.com/books?id=lkkGaIr3DQkC&amp;pg=PA39"><i>Business Knowledge for IT in Retail Banking: A Complete Handbook for IT Professionals</i></a>. Essvale Corporation Limited. 2007. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a>&#160;<a href="/wiki/Special:BookSources/978-0-9554124-2-4" title="Special:BookSources/978-0-9554124-2-4"><bdi>978-0-9554124-2-4</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=book&amp;rft.btitle=Business+Knowledge+for+IT+in+Retail+Banking%3A+A+Complete+Handbook+for+IT+Professionals&amp;rft.pub=Essvale+Corporation+Limited&amp;rft.date=2007&amp;rft.isbn=978-0-9554124-2-4&amp;rft_id=https%3A%2F%2Fbooks.google.com%2Fbooks%3Fid%3DlkkGaIr3DQkC%26pg%3DPA39&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-Dramatic-9"><span class="mw-cite-backlink">^ <a href="#cite_ref-Dramatic_9-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Dramatic_9-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Dramatic_9-2"><sup><i><b>c</b></i></sup></a></span> 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class="external text" href="http://www.fundinguniverse.com/company-histories/citigroup-inc-history/">Citigroup</a> at Reference for Business</span> </li> <li id="cite_note-CitiBiggest-17"><span class="mw-cite-backlink"><b><a href="#cite_ref-CitiBiggest_17-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDorning1992" class="citation news cs1">Dorning, Mike (April 17, 1992). <span class="id-lock-limited" title="Free access subject to limited trial, subscription normally required"><a rel="nofollow" class="external text" href="https://www.chicagotribune.com/news/ct-xpm-1992-04-17-9202040445-story.html">"Citibank Bows to Trend, Cuts Credit Card Rate"</a></span>. <i><a href="/wiki/Chicago_Tribune" title="Chicago Tribune">Chicago Tribune</a></i>.</cite><span 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Purchase Lets Citibank Expand Long Island Presence"</a></span>. <i><a href="/wiki/The_New_York_Times" title="The New York Times">The New York Times</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=E.A.B.+Purchase+Lets+Citibank+Expand+Long+Island+Presence&amp;rft.date=2001-02-13&amp;rft.aulast=Gilpin&amp;rft.aufirst=Kenneth+N.&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F2001%2F02%2F13%2Fbusiness%2Feab-purchase-lets-citibank-expand-long-island-presence.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-35"><span class="mw-cite-backlink"><b><a href="#cite_ref-35">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://money.cnn.com/2001/02/12/deals/citibank/index.htm">"Citibank to buy EAB"</a>. <i><a href="/wiki/CNN" title="CNN">CNN</a></i>. February 12, 2001.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=CNN&amp;rft.atitle=Citibank+to+buy+EAB&amp;rft.date=2001-02-12&amp;rft_id=https%3A%2F%2Fmoney.cnn.com%2F2001%2F02%2F12%2Fdeals%2Fcitibank%2Findex.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-36"><span class="mw-cite-backlink"><b><a href="#cite_ref-36">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><span class="id-lock-limited" title="Free access subject to limited trial, subscription normally required"><a rel="nofollow" class="external text" href="https://www.latimes.com/archives/la-xpm-2001-feb-13-fi-24719-story.html">"Citigroup to Buy European American Bank in Bid to Increase N.Y. Market Share"</a></span>. <i><a href="/wiki/Los_Angeles_Times" title="Los Angeles Times">Los Angeles Times</a></i>. February 13, 2001.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Los+Angeles+Times&amp;rft.atitle=Citigroup+to+Buy+European+American+Bank+in+Bid+to+Increase+N.Y.+Market+Share&amp;rft.date=2001-02-13&amp;rft_id=https%3A%2F%2Fwww.latimes.com%2Farchives%2Fla-xpm-2001-feb-13-fi-24719-story.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-37"><span class="mw-cite-backlink"><b><a href="#cite_ref-37">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://edgar.secdatabase.com/1031/91205701528176/filing-main.htm">"Citigroup, Form 10-Q, Quarterly Report"</a>. <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a>. August 13, 2001.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citigroup%2C+Form+10-Q%2C+Quarterly+Report&amp;rft.pub=U.S.+Securities+and+Exchange+Commission&amp;rft.date=2001-08-13&amp;rft_id=http%3A%2F%2Fedgar.secdatabase.com%2F1031%2F91205701528176%2Ffiling-main.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-38"><span class="mw-cite-backlink"><b><a href="#cite_ref-38">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://edgar.secdatabase.com/1685/95010301500965/filing-main.htm">"Citigroup, Form 8-K, Current Report"</a>. <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a>. May 17, 2001.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citigroup%2C+Form+8-K%2C+Current+Report&amp;rft.pub=U.S.+Securities+and+Exchange+Commission&amp;rft.date=2001-05-17&amp;rft_id=http%3A%2F%2Fedgar.secdatabase.com%2F1685%2F95010301500965%2Ffiling-main.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-39"><span class="mw-cite-backlink"><b><a href="#cite_ref-39">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFAtlasWeiner2001" class="citation news cs1">Atlas, Riva D.; Weiner, Tim (May 18, 2001). <span class="id-lock-limited" title="Free access subject to limited trial, subscription normally required"><a rel="nofollow" class="external text" href="https://www.nytimes.com/2001/05/18/business/citigroup-to-buy-mexican-bank-in-a-deal-valued-at-12.5-billion.html">"Citigroup to Buy Mexican Bank In a Deal Valued at $12.5 Billion"</a></span>. <i><a href="/wiki/The_New_York_Times" title="The New York Times">The New York Times</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=Citigroup+to+Buy+Mexican+Bank+In+a+Deal+Valued+at+%2412.5+Billion&amp;rft.date=2001-05-18&amp;rft.aulast=Atlas&amp;rft.aufirst=Riva+D.&amp;rft.au=Weiner%2C+Tim&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F2001%2F05%2F18%2Fbusiness%2Fcitigroup-to-buy-mexican-bank-in-a-deal-valued-at-12.5-billion.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-40"><span class="mw-cite-backlink"><b><a href="#cite_ref-40">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDay2001" class="citation news cs1">Day, Kathleen (May 18, 2001). <a rel="nofollow" class="external text" href="https://www.washingtonpost.com/archive/business/2001/05/18/citigroup-to-buy-mexicos-banamex/7f5a6951-7dae-42fd-91dd-ad14a0767b95/">"Citigroup to Buy Mexico's Banamex"</a>. <i><a href="/wiki/The_Washington_Post" title="The Washington Post">The Washington Post</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Washington+Post&amp;rft.atitle=Citigroup+to+Buy+Mexico%27s+Banamex&amp;rft.date=2001-05-18&amp;rft.aulast=Day&amp;rft.aufirst=Kathleen&amp;rft_id=https%3A%2F%2Fwww.washingtonpost.com%2Farchive%2Fbusiness%2F2001%2F05%2F18%2Fcitigroup-to-buy-mexicos-banamex%2F7f5a6951-7dae-42fd-91dd-ad14a0767b95%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-41"><span class="mw-cite-backlink"><b><a href="#cite_ref-41">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://edgar.secdatabase.com/2826/91205702027805/filing-main.htm">"Citigroup, Form 8-K, Current Report"</a>. <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a>. July 18, 2002.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citigroup%2C+Form+8-K%2C+Current+Report&amp;rft.pub=U.S.+Securities+and+Exchange+Commission&amp;rft.date=2002-07-18&amp;rft_id=http%3A%2F%2Fedgar.secdatabase.com%2F2826%2F91205702027805%2Ffiling-main.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-42"><span class="mw-cite-backlink"><b><a href="#cite_ref-42">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://money.cnn.com/2001/12/19/ipo/citigroup/index.htm">"Citigroup to spin Travelers"</a>. <i><a href="/wiki/CNN" title="CNN">CNN</a></i>. December 19, 2001.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=CNN&amp;rft.atitle=Citigroup+to+spin+Travelers&amp;rft.date=2001-12-19&amp;rft_id=https%3A%2F%2Fmoney.cnn.com%2F2001%2F12%2F19%2Fipo%2Fcitigroup%2Findex.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-43"><span class="mw-cite-backlink"><b><a href="#cite_ref-43">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><span class="id-lock-limited" title="Free access subject to limited trial, subscription normally required"><a rel="nofollow" class="external text" href="https://www.latimes.com/archives/la-xpm-2001-dec-20-fi-16570-story.html">"Citigroup to Spin Off Travelers Insurance"</a></span>. <i><a href="/wiki/Los_Angeles_Times" title="Los Angeles Times">Los Angeles Times</a></i>. December 20, 2001.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Los+Angeles+Times&amp;rft.atitle=Citigroup+to+Spin+Off+Travelers+Insurance&amp;rft.date=2001-12-20&amp;rft_id=https%3A%2F%2Fwww.latimes.com%2Farchives%2Fla-xpm-2001-dec-20-fi-16570-story.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-44"><span class="mw-cite-backlink"><b><a href="#cite_ref-44">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://investor.travelers.com/newsroom/press-releases/news-details/2004/St-Paul-Travelers-Merger-Complete/default.aspx">"St. Paul Travelers Merger Complete"</a> (Press release). <a href="/wiki/The_Travelers_Companies" title="The Travelers Companies">The Travelers Companies</a>. 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January 23, 2012. Archived from <a rel="nofollow" class="external text" href="https://www.sigtarp.gov/Audit%20Reports/SIGTARP_ExecComp_Audit.pdf">the original</a> <span class="cs1-format">(PDF)</span> on November 8, 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">December 19,</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=The+Special+Master%27s+Determinations+for+Executive+Compensation+of+Companies+Receiving+Exceptional+Assistance+Under+TARP&amp;rft.pub=SIGTARP&amp;rft.date=2012-01-23&amp;rft_id=https%3A%2F%2Fwww.sigtarp.gov%2FAudit%2520Reports%2FSIGTARP_ExecComp_Audit.pdf&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-72"><span class="mw-cite-backlink"><b><a href="#cite_ref-72">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBart2010" class="citation web cs1">Bart, Katharina (November 18, 2010). <a rel="nofollow" class="external text" href="http://www.marketwatch.com/story/citi-private-bank-targets-doubled-growth-2010-11-18">"Citi private bank targets doubled growth"</a>. <i><a href="/wiki/Marketwatch" class="mw-redirect" title="Marketwatch">Marketwatch</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Marketwatch&amp;rft.atitle=Citi+private+bank+targets+doubled+growth&amp;rft.date=2010-11-18&amp;rft.aulast=Bart&amp;rft.aufirst=Katharina&amp;rft_id=http%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fciti-private-bank-targets-doubled-growth-2010-11-18&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-prsplit-73"><span class="mw-cite-backlink">^ <a href="#cite_ref-prsplit_73-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-prsplit_73-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="http://www.citigroup.com/citi/news/2009/090116b.htm">"Citi to Reorganize into Two Operating Units to Maximize Value of Core Franchise"</a> (Press release). 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Retrieved <span class="nowrap">June 21,</span> 2013</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citi%3A+Focus+on+Execution&amp;rft_id=http%3A%2F%2Fwww.citigroup.com%2Fciti%2Finvestor%2Fdata%2Fp130305a.pdf&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-76"><span class="mw-cite-backlink"><b><a href="#cite_ref-76">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://edgar.secdatabase.com/642/95010309000421/filing-main.htm">"Citigroup, Form 8-K, Current Report"</a>. <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a>. February 27, 2009.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citigroup%2C+Form+8-K%2C+Current+Report&amp;rft.pub=U.S.+Securities+and+Exchange+Commission&amp;rft.date=2009-02-27&amp;rft_id=http%3A%2F%2Fedgar.secdatabase.com%2F642%2F95010309000421%2Ffiling-main.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-77"><span class="mw-cite-backlink"><b><a href="#cite_ref-77">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFAndrewsBajaj2009" class="citation news cs1">Andrews, Edmund L.; Bajaj, Vikas (February 4, 2009). <span class="id-lock-limited" title="Free access subject to limited trial, subscription normally required"><a rel="nofollow" class="external text" href="https://www.nytimes.com/2009/02/04/business/04pay.html">"U.S. Plans $500,000 Cap on Executive Pay in Bailouts"</a></span>. <i><a href="/wiki/The_New_York_Times" title="The New York Times">The New York Times</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=U.S.+Plans+%24500%2C000+Cap+on+Executive+Pay+in+Bailouts&amp;rft.date=2009-02-04&amp;rft.aulast=Andrews&amp;rft.aufirst=Edmund+L.&amp;rft.au=Bajaj%2C+Vikas&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F2009%2F02%2F04%2Fbusiness%2F04pay.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-78"><span class="mw-cite-backlink"><b><a href="#cite_ref-78">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFWeismanLublin2009" class="citation news cs1">Weisman, Jonathan; Lublin, Joann S. (February 4, 2009). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://www.wsj.com/articles/SB123375514020647787">"Obama Lays Out Limits on Executive Pay"</a></span>. <a href="/wiki/The_Wall_Street_Journal" title="The Wall Street Journal">The Wall Street Journal</a>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.atitle=Obama+Lays+Out+Limits+on+Executive+Pay&amp;rft.date=2009-02-04&amp;rft.aulast=Weisman&amp;rft.aufirst=Jonathan&amp;rft.au=Lublin%2C+Joann+S.&amp;rft_id=https%3A%2F%2Fwww.wsj.com%2Farticles%2FSB123375514020647787&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-79"><span class="mw-cite-backlink"><b><a href="#cite_ref-79">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFLawder2010" class="citation news cs1">Lawder, David (December 7, 2010). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://www.reuters.com/article/us-citigroup-treasury-offering-idUSTRE6B55KP20101207">"U.S. exits Citigroup stake and earns $12 billion profit"</a></span>. <i><a href="/wiki/Reuters" title="Reuters">Reuters</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Reuters&amp;rft.atitle=U.S.+exits+Citigroup+stake+and+earns+%2412+billion+profit&amp;rft.date=2010-12-07&amp;rft.aulast=Lawder&amp;rft.aufirst=David&amp;rft_id=https%3A%2F%2Fwww.reuters.com%2Farticle%2Fus-citigroup-treasury-offering-idUSTRE6B55KP20101207&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-80"><span class="mw-cite-backlink"><b><a href="#cite_ref-80">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFAspan2011" class="citation news cs1">Aspan, Maria (January 21, 2011). <a rel="nofollow" class="external text" href="https://www.reuters.com/article/us-citigroup-pandit/citi-ceo-pandits-salary-soars-to-1-75-million-from-1-idUSTRE70K6YC20110121">"Citi CEO Pandit's salary soars to $1.75 million from $1"</a>. <i><a href="/wiki/Reuters" title="Reuters">Reuters</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Reuters&amp;rft.atitle=Citi+CEO+Pandit%27s+salary+soars+to+%241.75+million+from+%241&amp;rft.date=2011-01-21&amp;rft.aulast=Aspan&amp;rft.aufirst=Maria&amp;rft_id=https%3A%2F%2Fwww.reuters.com%2Farticle%2Fus-citigroup-pandit%2Fciti-ceo-pandits-salary-soars-to-1-75-million-from-1-idUSTRE70K6YC20110121&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-81"><span class="mw-cite-backlink"><b><a href="#cite_ref-81">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBrowning2009" class="citation news cs1">Browning, E.S. (June 1, 2009). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://www.wsj.com/articles/SB124386244318072033">"Travelers, Cisco Replace Citi, GM in Dow"</a></span>. <i><a href="/wiki/The_Wall_Street_Journal" title="The Wall Street Journal">The Wall Street Journal</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Wall+Street+Journal&amp;rft.atitle=Travelers%2C+Cisco+Replace+Citi%2C+GM+in+Dow&amp;rft.date=2009-06-01&amp;rft.aulast=Browning&amp;rft.aufirst=E.S.&amp;rft_id=https%3A%2F%2Fwww.wsj.com%2Farticles%2FSB124386244318072033&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-82"><span class="mw-cite-backlink"><b><a href="#cite_ref-82">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://money.cnn.com/2009/06/01/news/companies/dow_jones/index.htm?postversion=2009060117">"Dow kicks out GM and Citigroup"</a>. <i><a href="/wiki/CNNMoney" class="mw-redirect" title="CNNMoney">CNNMoney</a></i>. June 1, 2009.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=CNNMoney&amp;rft.atitle=Dow+kicks+out+GM+and+Citigroup&amp;rft.date=2009-06-01&amp;rft_id=https%3A%2F%2Fmoney.cnn.com%2F2009%2F06%2F01%2Fnews%2Fcompanies%2Fdow_jones%2Findex.htm%3Fpostversion%3D2009060117&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-83"><span class="mw-cite-backlink"><b><a href="#cite_ref-83">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://edgar.secdatabase.com/310/95010309000089/filing-main.htm">"Citigroup, Form 8-K, Current Report"</a>. <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a>. January 14, 2009.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citigroup%2C+Form+8-K%2C+Current+Report&amp;rft.pub=U.S.+Securities+and+Exchange+Commission&amp;rft.date=2009-01-14&amp;rft_id=http%3A%2F%2Fedgar.secdatabase.com%2F310%2F95010309000089%2Ffiling-main.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-84"><span class="mw-cite-backlink"><b><a href="#cite_ref-84">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.cnbc.com/2009/01/13/citigroup-morgan-stanley-agree-to-merge-brokerages.html">"Citigroup, Morgan Stanley Agree to Merge Brokerages"</a>. <i><a href="/wiki/CNBC" title="CNBC">CNBC</a></i>. January 13, 2009.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=CNBC&amp;rft.atitle=Citigroup%2C+Morgan+Stanley+Agree+to+Merge+Brokerages&amp;rft.date=2009-01-13&amp;rft_id=https%3A%2F%2Fwww.cnbc.com%2F2009%2F01%2F13%2Fcitigroup-morgan-stanley-agree-to-merge-brokerages.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-85"><span class="mw-cite-backlink"><b><a href="#cite_ref-85">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://money.cnn.com/2009/01/13/news/companies/citigroup/index.htm">"Citi and Morgan to merge brokerages"</a>. <i><a href="/wiki/CNNMoney" class="mw-redirect" title="CNNMoney">CNNMoney</a></i>. January 13, 2009.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=CNNMoney&amp;rft.atitle=Citi+and+Morgan+to+merge+brokerages&amp;rft.date=2009-01-13&amp;rft_id=https%3A%2F%2Fmoney.cnn.com%2F2009%2F01%2F13%2Fnews%2Fcompanies%2Fcitigroup%2Findex.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-86"><span class="mw-cite-backlink"><b><a href="#cite_ref-86">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMoore2013" class="citation news cs1">Moore, Michael J. (June 29, 2013). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2013-06-28/morgan-stanley-completes-purchase-of-brokerage-venture">"Morgan Stanley Completes Purchase of Smith Barney Venture"</a>. <i><a href="/wiki/Bloomberg_L.P." title="Bloomberg L.P.">Bloomberg L.P.</a></i></cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Bloomberg+L.P.&amp;rft.atitle=Morgan+Stanley+Completes+Purchase+of+Smith+Barney+Venture&amp;rft.date=2013-06-29&amp;rft.aulast=Moore&amp;rft.aufirst=Michael+J.&amp;rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2013-06-28%2Fmorgan-stanley-completes-purchase-of-brokerage-venture&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-87"><span class="mw-cite-backlink"><b><a href="#cite_ref-87">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFLucchetti2012" class="citation news cs1">Lucchetti, Aaron (October 16, 2012). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://www.wsj.com/articles/BL-DLB-40237">"Pandit Missed Out on a Sweeter Smith Barney Deal"</a></span>. <i><a href="/wiki/The_Wall_Street_Journal" title="The Wall Street Journal">The Wall Street Journal</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Wall+Street+Journal&amp;rft.atitle=Pandit+Missed+Out+on+a+Sweeter+Smith+Barney+Deal&amp;rft.date=2012-10-16&amp;rft.aulast=Lucchetti&amp;rft.aufirst=Aaron&amp;rft_id=https%3A%2F%2Fwww.wsj.com%2Farticles%2FBL-DLB-40237&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-88"><span class="mw-cite-backlink"><b><a href="#cite_ref-88">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFGuererra2011" class="citation news cs1">Guererra, Francesco (January 18, 2011). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://www.ft.com/cms/s/0/2e1f5e74-233f-11e0-b6a3-00144feab49a.html">"Results mute celebrations at Citigroup"</a></span>. <i><a href="/wiki/Financial_Times" title="Financial Times">Financial Times</a></i>. <a rel="nofollow" class="external text" href="https://ghostarchive.org/archive/20221210/http://www.ft.com/cms/s/0/2e1f5e74-233f-11e0-b6a3-00144feab49a.html">Archived</a> from the original on December 10, 2022.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Financial+Times&amp;rft.atitle=Results+mute+celebrations+at+Citigroup&amp;rft.date=2011-01-18&amp;rft.aulast=Guererra&amp;rft.aufirst=Francesco&amp;rft_id=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F2e1f5e74-233f-11e0-b6a3-00144feab49a.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-89"><span class="mw-cite-backlink"><b><a href="#cite_ref-89">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDennis2010" class="citation news cs1">Dennis, Brady (December 7, 2010). <a rel="nofollow" class="external text" href="https://www.washingtonpost.com/wp-dyn/content/article/2010/12/07/AR2010120700091.html">"Government sells remaining shares in Citigroup; investment to net $12 billion total profit for taxpayers"</a>. <i><a href="/wiki/The_Washington_Post" title="The Washington Post">The Washington Post</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Washington+Post&amp;rft.atitle=Government+sells+remaining+shares+in+Citigroup%3B+investment+to+net+%2412+billion+total+profit+for+taxpayers&amp;rft.date=2010-12-07&amp;rft.aulast=Dennis&amp;rft.aufirst=Brady&amp;rft_id=https%3A%2F%2Fwww.washingtonpost.com%2Fwp-dyn%2Fcontent%2Farticle%2F2010%2F12%2F07%2FAR2010120700091.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-90"><span class="mw-cite-backlink"><b><a href="#cite_ref-90">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFAppelbaum2009" class="citation news cs1">Appelbaum, Binyamin (December 15, 2009). <a rel="nofollow" class="external text" href="https://www.washingtonpost.com/wp-dyn/content/article/2009/12/15/AR2009121504534_2.html">"U.S. gave up billions in tax money in deal for Citigroup's bailout repayment"</a>. <i><a href="/wiki/The_Washington_Post" title="The Washington Post">The Washington Post</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Washington+Post&amp;rft.atitle=U.S.+gave+up+billions+in+tax+money+in+deal+for+Citigroup%27s+bailout+repayment&amp;rft.date=2009-12-15&amp;rft.aulast=Appelbaum&amp;rft.aufirst=Binyamin&amp;rft_id=https%3A%2F%2Fwww.washingtonpost.com%2Fwp-dyn%2Fcontent%2Farticle%2F2009%2F12%2F15%2FAR2009121504534_2.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-91"><span class="mw-cite-backlink"><b><a href="#cite_ref-91">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20140703033413/http://www.citigroup.com/citi/press/2011/110331a.htm">"Citibank Opens Full-Service, Smart Banking Consumer Outlet at Chongqing Airport"</a> (Press release). Citigroup. March 31, 2011. Archived from <a rel="nofollow" class="external text" href="http://www.citigroup.com/citi/press/2011/110331a.htm">the original</a> on July 3, 2014<span class="reference-accessdate">. Retrieved <span class="nowrap">April 25,</span> 2012</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citibank+Opens+Full-Service%2C+Smart+Banking+Consumer+Outlet+at+Chongqing+Airport&amp;rft.pub=Citigroup&amp;rft.date=2011-03-31&amp;rft_id=http%3A%2F%2Fwww.citigroup.com%2Fciti%2Fpress%2F2011%2F110331a.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-92"><span class="mw-cite-backlink"><b><a href="#cite_ref-92">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20160304051905/http://www.citigroup.com/citi/press/2010/100413a.htm">"Citibank Japan Ltd. Announces Opening of First Smart Banking Branches in Citi's Global Network"</a> (Press release). 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March 2014.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Comprehensive+Capital+Analysis+and+Review+2014%3A+Assessment+Framework+and+Results&amp;rft.pub=Federal+Reserve+System&amp;rft.date=2014-03&amp;rft_id=https%3A%2F%2Fwww.federalreserve.gov%2Fnewsevents%2Fpress%2Fbcreg%2Fccar_20140326.pdf&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-105"><span class="mw-cite-backlink"><b><a href="#cite_ref-105">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFCorkerySilver-Greenberg2014" class="citation news cs1">Corkery, Michael; Silver-Greenberg, Jessica (March 27, 2014). <span class="id-lock-limited" title="Free access subject to limited trial, subscription normally required"><a rel="nofollow" class="external text" href="https://dealbook.nytimes.com/2014/03/27/failing-stress-test-is-another-stumble-for-citigroup/">"Failing Stress Test Is Another Stumble for Citigroup"</a></span>. <i>The New York Times</i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=Failing+Stress+Test+Is+Another+Stumble+for+Citigroup&amp;rft.date=2014-03-27&amp;rft.aulast=Corkery&amp;rft.aufirst=Michael&amp;rft.au=Silver-Greenberg%2C+Jessica&amp;rft_id=https%3A%2F%2Fdealbook.nytimes.com%2F2014%2F03%2F27%2Ffailing-stress-test-is-another-stumble-for-citigroup%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-106"><span class="mw-cite-backlink"><b><a href="#cite_ref-106">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKapnerArmourSteinberg2014" class="citation news cs1">Kapner, Suzanne; Armour, Stephanie; Steinberg, Julie (March 27, 2014). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://www.wsj.com/articles/citis-corbat-rushed-home-from-asian-trip-after-stress-test-failure-1395962880">"<span class="cs1-kern-left"></span>'Stress Test' Failure Sparked Scramble at Citigroup"</a></span>. <i><a href="/wiki/The_Wall_Street_Journal" title="The Wall Street Journal">The Wall Street Journal</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Wall+Street+Journal&amp;rft.atitle=%27Stress+Test%27+Failure+Sparked+Scramble+at+Citigroup&amp;rft.date=2014-03-27&amp;rft.aulast=Kapner&amp;rft.aufirst=Suzanne&amp;rft.au=Armour%2C+Stephanie&amp;rft.au=Steinberg%2C+Julie&amp;rft_id=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fcitis-corbat-rushed-home-from-asian-trip-after-stress-test-failure-1395962880&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-107"><span class="mw-cite-backlink"><b><a href="#cite_ref-107">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://www.federalreserve.gov/newsevents/press/bcreg/20150311a.htm">"Federal Reserve releases results of Comprehensive Capital Analysis and Review (CCAR)"</a> (Press release). <a href="/wiki/Federal_Reserve_System" class="mw-redirect" title="Federal Reserve System">Federal Reserve System</a>. 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La (March 11, 2015). <a rel="nofollow" class="external text" href="https://money.cnn.com/2015/03/11/investing/fed-stress-tests-citigroup-pass/index.html">"Citi passes Fed stress test but BofA gets an incomplete"</a>. <i><a href="/wiki/CNN" title="CNN">CNN</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=CNN&amp;rft.atitle=Citi+passes+Fed+stress+test+but+BofA+gets+an+incomplete&amp;rft.date=2015-03-11&amp;rft.aulast=Monica&amp;rft.aufirst=Paul+R.+La&amp;rft_id=https%3A%2F%2Fmoney.cnn.com%2F2015%2F03%2F11%2Finvesting%2Ffed-stress-tests-citigroup-pass%2Findex.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-109"><span class="mw-cite-backlink"><b><a href="#cite_ref-109">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRexrode2016" class="citation news cs1">Rexrode, Christina (June 29, 2016). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://www.wsj.com/articles/fed-approves-citigroups-capital-plan-1467232215">"Citigroup More Than Triples Its Dividend After Passing Stress Test"</a></span>. <i><a href="/wiki/The_Wall_Street_Journal" title="The Wall Street Journal">The Wall Street Journal</a></i>. <a href="/wiki/ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a>&#160;<a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0099-9660">0099-9660</a>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Wall+Street+Journal&amp;rft.atitle=Citigroup+More+Than+Triples+Its+Dividend+After+Passing+Stress+Test&amp;rft.date=2016-06-29&amp;rft.issn=0099-9660&amp;rft.aulast=Rexrode&amp;rft.aufirst=Christina&amp;rft_id=https%3A%2F%2Fwww.wsj.com%2Farticles%2Ffed-approves-citigroups-capital-plan-1467232215&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-110"><span class="mw-cite-backlink"><b><a href="#cite_ref-110">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFVoreacosCampbell2016" class="citation news cs1">Voreacos, David; Campbell, Dakin (February 27, 2016). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2016-02-27/citigroup-faces-fraud-suit-claiming-1-1-billion-in-losses">"Citigroup Faces Fraud Suit Claiming $1.1 Billion in Losses"</a></span>. <i><a href="/wiki/Bloomberg_News" title="Bloomberg News">Bloomberg News</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Bloomberg+News&amp;rft.atitle=Citigroup+Faces+Fraud+Suit+Claiming+%241.1+Billion+in+Losses&amp;rft.date=2016-02-27&amp;rft.aulast=Voreacos&amp;rft.aufirst=David&amp;rft.au=Campbell%2C+Dakin&amp;rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2016-02-27%2Fcitigroup-faces-fraud-suit-claiming-1-1-billion-in-losses&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-111"><span class="mw-cite-backlink"><b><a href="#cite_ref-111">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://casetext.com/case/osuna-v-citigroup-inc">"Osuna v. Citigroup Inc"</a> &#8211; via casetext.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Osuna+v.+Citigroup+Inc.&amp;rft_id=https%3A%2F%2Fcasetext.com%2Fcase%2Fosuna-v-citigroup-inc&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-112"><span class="mw-cite-backlink"><b><a href="#cite_ref-112">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFCampbell2016" class="citation news cs1">Campbell, Dakin (April 15, 2016). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2016-04-15/citigroup-plans-to-eliminate-shrinking-citi-holdings-unit-chart">"Citigroup Plans to Eliminate Shrinking Citi Holdings Unit"</a>. <i><a href="/wiki/Bloomberg_L.P." title="Bloomberg L.P.">Bloomberg L.P.</a></i></cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Bloomberg+L.P.&amp;rft.atitle=Citigroup+Plans+to+Eliminate+Shrinking+Citi+Holdings+Unit&amp;rft.date=2016-04-15&amp;rft.aulast=Campbell&amp;rft.aufirst=Dakin&amp;rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2016-04-15%2Fcitigroup-plans-to-eliminate-shrinking-citi-holdings-unit-chart&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-113"><span class="mw-cite-backlink"><b><a href="#cite_ref-113">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFGriffin2012" class="citation news cs1">Griffin, Donal (February 28, 2012). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2012-12-21/citigroup-said-to-give-cca-managers-75-stake-in-funds-for-free">"Citigroup Said to Give CCA Managers 75% Fund Stake for Free"</a>. <i><a href="/wiki/Bloomberg_L.P" class="mw-redirect" title="Bloomberg L.P">Bloomberg L.P</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Bloomberg+L.P&amp;rft.atitle=Citigroup+Said+to+Give+CCA+Managers+75%25+Fund+Stake+for+Free&amp;rft.date=2012-02-28&amp;rft.aulast=Griffin&amp;rft.aufirst=Donal&amp;rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2012-12-21%2Fcitigroup-said-to-give-cca-managers-75-stake-in-funds-for-free&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-114"><span class="mw-cite-backlink"><b><a href="#cite_ref-114">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://dealbook.nytimes.com/2013/02/28/a-citi-hedge-fund-business-prepares-for-life-on-its-own/">"A Citi Hedge Fund Business Prepares for Life on Its Own"</a>. <i>The New York Times</i>. February 28, 2013.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=A+Citi+Hedge+Fund+Business+Prepares+for+Life+on+Its+Own&amp;rft.date=2013-02-28&amp;rft_id=https%3A%2F%2Fdealbook.nytimes.com%2F2013%2F02%2F28%2Fa-citi-hedge-fund-business-prepares-for-life-on-its-own%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-115"><span class="mw-cite-backlink"><b><a href="#cite_ref-115">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://www.hedgeweek.com/2013/03/04/180971/napier-park-global-capital-completes-spinout-citigroup">"Napier Park Global Capital completes spinout from Citigroup"</a>. <i>Hedgeweek</i>. March 4, 2013.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Hedgeweek&amp;rft.atitle=Napier+Park+Global+Capital+completes+spinout+from+Citigroup&amp;rft.date=2013-03-04&amp;rft_id=http%3A%2F%2Fwww.hedgeweek.com%2F2013%2F03%2F04%2F180971%2Fnapier-park-global-capital-completes-spinout-citigroup&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-116"><span class="mw-cite-backlink"><b><a href="#cite_ref-116">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://www.efinancialnews.com/digest/2013-03-03/citigroup-spins-off-alternative-asset-management-arm">"Citigroup spins off alternative asset management arm"</a>. <i>Efinancialnews.com</i>. March 3, 2013.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Efinancialnews.com&amp;rft.atitle=Citigroup+spins+off+alternative+asset+management+arm&amp;rft.date=2013-03-03&amp;rft_id=http%3A%2F%2Fwww.efinancialnews.com%2Fdigest%2F2013-03-03%2Fcitigroup-spins-off-alternative-asset-management-arm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-117"><span class="mw-cite-backlink"><b><a href="#cite_ref-117">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="http://www.napierparkglobal.com/documents/FG/napierpark/news/18351_Napier_Park_Release_FINAL.pdf">"Napier Park Global Capital Completes Spinout from Citigroup"</a> <span class="cs1-format">(PDF)</span> (Press release). Napier Park Global Capital. 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May 10, 2004.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citigroup+Reaches+Settlement+on+WorldCom+Class+Action+Litigation+for+%241.64+Billion+After-Tax&amp;rft.pub=Business+Wire&amp;rft.date=2004-05-10&amp;rft_id=http%3A%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20040510005424%2Fen%2FCitigroup-Reaches-Settlement-WorldCom-Class-Action-Litigation&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-180"><span class="mw-cite-backlink"><b><a href="#cite_ref-180">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMorgenson2004" class="citation news cs1"><a href="/wiki/Gretchen_Morgenson" title="Gretchen Morgenson">Morgenson, Gretchen</a> (May 11, 2004). <a rel="nofollow" class="external text" href="https://www.nytimes.com/2004/05/11/business/citigroup-agrees-to-a-settlement-over-worldcom.html">"Citigroup Agrees to a Settlement Over WorldCom"</a>. <i>The New York Times</i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=Citigroup+Agrees+to+a+Settlement+Over+WorldCom&amp;rft.date=2004-05-11&amp;rft.aulast=Morgenson&amp;rft.aufirst=Gretchen&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F2004%2F05%2F11%2Fbusiness%2Fcitigroup-agrees-to-a-settlement-over-worldcom.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-181"><span class="mw-cite-backlink"><b><a href="#cite_ref-181">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://edgar.secdatabase.com/301/95012305002524/filing-main.htm">"Citigroup, Form 8-K, Current Report"</a>. <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a>. 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June 10, 2005.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citigroup%2C+Form+8-K%2C+Current+Report&amp;rft.pub=U.S.+Securities+and+Exchange+Commission&amp;rft.date=2005-06-10&amp;rft_id=http%3A%2F%2Fedgar.secdatabase.com%2F2011%2F95012305007233%2Ffiling-main.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-185"><span class="mw-cite-backlink"><b><a href="#cite_ref-185">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFJohnson2005" class="citation news cs1">Johnson, Carrie (June 11, 2005). <a rel="nofollow" class="external text" href="https://www.washingtonpost.com/wp-dyn/content/article/2005/06/10/AR2005061000532.html">"Citigroup to Settle With Enron Investors"</a>. <i><a href="/wiki/The_Washington_Post" title="The Washington Post">The Washington Post</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Washington+Post&amp;rft.atitle=Citigroup+to+Settle+With+Enron+Investors&amp;rft.date=2005-06-11&amp;rft.aulast=Johnson&amp;rft.aufirst=Carrie&amp;rft_id=https%3A%2F%2Fwww.washingtonpost.com%2Fwp-dyn%2Fcontent%2Farticle%2F2005%2F06%2F10%2FAR2005061000532.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-186"><span class="mw-cite-backlink"><b><a href="#cite_ref-186">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFErman2008" class="citation news cs1">Erman, Michael (March 26, 2008). <a rel="nofollow" class="external text" href="https://www.reuters.com/article/us-citigroup-enron-idUSWNAS593320080326">"Citigroup to settle Enron claims"</a>. <i><a href="/wiki/Reuters" title="Reuters">Reuters</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Reuters&amp;rft.atitle=Citigroup+to+settle+Enron+claims&amp;rft.date=2008-03-26&amp;rft.aulast=Erman&amp;rft.aufirst=Michael&amp;rft_id=https%3A%2F%2Fwww.reuters.com%2Farticle%2Fus-citigroup-enron-idUSWNAS593320080326&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-187"><span class="mw-cite-backlink"><b><a href="#cite_ref-187">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://edgar.secdatabase.com/2230/114420408017607/filing-main.htm">"Citigroup, Form 8-K, Current Report"</a>. <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a>. 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class="mw-cite-backlink"><b><a href="#cite_ref-191">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.citigroup.com/rcs/citigpa/storage/public/ar09c_en.pdf">"2009 Annual Report"</a> <span class="cs1-format">(PDF)</span>. <i>Citibank</i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Citibank&amp;rft.atitle=2009+Annual+Report&amp;rft_id=https%3A%2F%2Fwww.citigroup.com%2Frcs%2Fcitigpa%2Fstorage%2Fpublic%2Far09c_en.pdf&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-192"><span class="mw-cite-backlink"><b><a href="#cite_ref-192">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web 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ACCC. June 1, 2018<span class="reference-accessdate">. Retrieved <span class="nowrap">August 4,</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Update%3A+Criminal+cartel+charges+to+be+laid+against+Citigroup&amp;rft.pub=ACCC&amp;rft.date=2018-06-01&amp;rft_id=https%3A%2F%2Fwww.accc.gov.au%2Fmedia-release%2Fupdate-criminal-cartel-charges-to-be-laid-against-citigroup&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-198"><span class="mw-cite-backlink"><b><a href="#cite_ref-198">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.nytimes.com/2003/04/28/business/regulators-finalize-14-billion-wall-st-settlement.html">"Regulators Finalize $1.4 Billion Wall St. Settlement"</a>. <i>The New York Times</i>. 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Retrieved <span class="nowrap">August 2,</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Guardian&amp;rft.atitle=Citigroup+embroiled+in+bond+selling+scandal&amp;rft.date=2005-02-01&amp;rft_id=https%3A%2F%2Fwww.theguardian.com%2Fbusiness%2F2005%2Ffeb%2F01%2Fmoney1&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-kms2005-200"><span class="mw-cite-backlink"><b><a href="#cite_ref-kms2005_200-0">^</a></b></span> <span class="reference-text">Ajay Kapur, Niall Macleod, and Narendra Singh (2005): "Plutonomy: Buying Luxury, Explaining Global Imbalances".</span> </li> <li id="cite_note-201"><span class="mw-cite-backlink"><b><a href="#cite_ref-201">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.miraeassetdaewoo.com/bbs/download/2033657.pdf?attachmentId=2033657">"The Global Investigator"</a> <span class="cs1-format">(PDF)</span>. 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Retrieved <span class="nowrap">April 29,</span> 2017</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Revisiting+Plutonomy%3A+The+Rich+Getting+Richer&amp;rft.date=2006-03-05&amp;rft_id=http%3A%2F%2Fwww.correntewire.com%2Fsites%2Fdefault%2Ffiles%2FCitibank_Plutonomy_1.pdf&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-203"><span class="mw-cite-backlink"><b><a href="#cite_ref-203">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFUdland2014" class="citation news cs1">Udland, Myles (May 30, 2014). <a rel="nofollow" class="external text" href="http://www.businessinsider.com/bofa-merrill-lynch-backs-piketty-2014-5">"Bank Of America Merrill Lynch Is 'Comfortable With The Thrust' Of Piketty's Analysis"</a>. <i><a href="/wiki/Business_Insider" 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href="https://www.nytimes.com/2007/12/02/world/europe/02norway.html">"U.S. Credit Crisis Adds to Gloom in Norway"</a></span>. <i><a href="/wiki/The_New_York_Times" title="The New York Times">The New York Times</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=U.S.+Credit+Crisis+Adds+to+Gloom+in+Norway&amp;rft.date=2007-12-02&amp;rft.aulast=Landler&amp;rft.aufirst=Mark&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F2007%2F12%2F02%2Fworld%2Feurope%2F02norway.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-205"><span class="mw-cite-backlink"><b><a href="#cite_ref-205">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMalik2011" class="citation book cs1">Malik, Pravir (November 8, 2011). <a rel="nofollow" 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class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSchuman2012" class="citation news cs1">Schuman, Michael (April 24, 2012). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://business.time.com/2012/04/24/citis-ceo-pay-revolt-capitalism-is-back-baby/">"Citis CEO Pay Revolt Capitalism is Back Baby"</a></span>. <i><a href="/wiki/Time_(magazine)" title="Time (magazine)">Time</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Time&amp;rft.atitle=Citis+CEO+Pay+Revolt+Capitalism+is+Back+Baby&amp;rft.date=2012-04-24&amp;rft.aulast=Schuman&amp;rft.aufirst=Michael&amp;rft_id=https%3A%2F%2Fbusiness.time.com%2F2012%2F04%2F24%2Fcitis-ceo-pay-revolt-capitalism-is-back-baby%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-211"><span class="mw-cite-backlink"><b><a href="#cite_ref-211">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKim2012" class="citation news cs1">Kim, Susanna (April 20, 2012). <a rel="nofollow" class="external text" href="https://abcnews.go.com/Business/citigroup-shareholder-sue-failed-pay-vote/story?id=16175078">"Citigroup Shareholder Sues After Failed 'Say-on-pay' Vote"</a>. <i><a href="/wiki/ABC_News_(United_States)" title="ABC News (United States)">ABC News</a></i>.</cite><span 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style="font-size:0.95em; font-size:95%; color: var( --color-subtle, #555 )">(subscription required)</span></span> </li> <li id="cite_note-:1-216"><span class="mw-cite-backlink">^ <a href="#cite_ref-:1_216-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-:1_216-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFFlitter2020" class="citation news cs1">Flitter, Emily (October 7, 2020). <a rel="nofollow" class="external text" href="https://www.nytimes.com/2020/10/07/business/citigroup-fine-risk-management.html">"Citigroup is fined $400 million over 'longstanding' internal problems"</a>. <i>The New York Times</i>. <a href="/wiki/ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a>&#160;<a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0362-4331">0362-4331</a><span class="reference-accessdate">. Retrieved <span class="nowrap">February 24,</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=Citigroup+is+fined+%24400+million+over+%27longstanding%27+internal+problems.&amp;rft.date=2020-10-07&amp;rft.issn=0362-4331&amp;rft.aulast=Flitter&amp;rft.aufirst=Emily&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F2020%2F10%2F07%2Fbusiness%2Fcitigroup-fine-risk-management.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-217"><span class="mw-cite-backlink"><b><a href="#cite_ref-217">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRexrode2018" class="citation news cs1">Rexrode, Christina (January 4, 2018). <a rel="nofollow" class="external text" href="https://www.wsj.com/articles/citi-fined-for-failing-to-fix-money-laundering-controls-1515100379">"Citi Fined for Failing to Fix Money-Laundering Controls"</a>. <i>The Wall Street Journal</i>. <a href="/wiki/ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a>&#160;<a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0099-9660">0099-9660</a><span class="reference-accessdate">. Retrieved <span class="nowrap">February 24,</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Wall+Street+Journal&amp;rft.atitle=Citi+Fined+for+Failing+to+Fix+Money-Laundering+Controls&amp;rft.date=2018-01-04&amp;rft.issn=0099-9660&amp;rft.aulast=Rexrode&amp;rft.aufirst=Christina&amp;rft_id=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fciti-fined-for-failing-to-fix-money-laundering-controls-1515100379&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-218"><span class="mw-cite-backlink"><b><a href="#cite_ref-218">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.ft.com/content/0187827b-f755-47fd-91ff-c3e755548097">"Citi was money launderers' favourite bank, US law enforcement officials say"</a>. <i>Financial Times</i><span class="reference-accessdate">. Retrieved <span class="nowrap">July 16,</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Financial+Times&amp;rft.atitle=Citi+was+money+launderers%E2%80%99+favourite+bank%2C+US+law+enforcement+officials+say&amp;rft_id=https%3A%2F%2Fwww.ft.com%2Fcontent%2F0187827b-f755-47fd-91ff-c3e755548097&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-:2-219"><span class="mw-cite-backlink">^ <a href="#cite_ref-:2_219-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-:2_219-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBenoitFeuer2023" class="citation news cs1">Benoit, David; Feuer, Will (November 8, 2023). <a rel="nofollow" class="external text" href="https://www.wsj.com/finance/regulation/citi-to-pay-25-9m-for-discriminating-against-armenian-american-credit-card-applicants-c5618771">"Citigroup Fined for Discriminating Against Armenian Americans"</a>. <i><a href="/wiki/The_Wall_Street_Journal" title="The Wall Street Journal">The Wall Street Journal</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Wall+Street+Journal&amp;rft.atitle=Citigroup+Fined+for+Discriminating+Against+Armenian+Americans&amp;rft.date=2023-11-08&amp;rft.aulast=Benoit&amp;rft.aufirst=David&amp;rft.au=Feuer%2C+Will&amp;rft_id=https%3A%2F%2Fwww.wsj.com%2Ffinance%2Fregulation%2Fciti-to-pay-25-9m-for-discriminating-against-armenian-american-credit-card-applicants-c5618771&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-220"><span class="mw-cite-backlink"><b><a href="#cite_ref-220">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMatthews2023" class="citation news cs1">Matthews, Chris (November 8, 2023). <a rel="nofollow" class="external text" href="https://www.marketwatch.com/story/cfpb-fines-citi-26-million-for-intentional-discrimination-against-armenian-americans-fd485d35">"CFPB fines Citi $26 million for 'intentional' discrimination against Armenian Americans"</a>. <i><a href="/wiki/MarketWatch" title="MarketWatch">MarketWatch</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=MarketWatch&amp;rft.atitle=CFPB+fines+Citi+%2426+million+for+%27intentional%27+discrimination+against+Armenian+Americans&amp;rft.date=2023-11-08&amp;rft.aulast=Matthews&amp;rft.aufirst=Chris&amp;rft_id=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fcfpb-fines-citi-26-million-for-intentional-discrimination-against-armenian-americans-fd485d35&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-221"><span class="mw-cite-backlink"><b><a href="#cite_ref-221">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSaul2023" class="citation news cs1">Saul, Derek (November 8, 2023). <a rel="nofollow" class="external text" href="https://www.forbes.com/sites/dereksaul/2023/11/08/citigroup-fined-259-million-for-allegedly-discriminating-against-armenian-americans/?sh=27903cfe5b1e">"Citigroup Fined $25.9 Million For Allegedly Discriminating Against Armenian Americans"</a>. <i><a href="/wiki/Forbes" title="Forbes">Forbes</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Forbes&amp;rft.atitle=Citigroup+Fined+%2425.9+Million+For+Allegedly+Discriminating+Against+Armenian+Americans&amp;rft.date=2023-11-08&amp;rft.aulast=Saul&amp;rft.aufirst=Derek&amp;rft_id=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fdereksaul%2F2023%2F11%2F08%2Fcitigroup-fined-259-million-for-allegedly-discriminating-against-armenian-americans%2F%3Fsh%3D27903cfe5b1e&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-222"><span class="mw-cite-backlink"><b><a href="#cite_ref-222">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.opensecrets.org/lobby/clientsum.php?id=D000000071">"Citigroup Lobbying"</a>. <a href="/wiki/OpenSecrets" title="OpenSecrets">OpenSecrets</a>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citigroup+Lobbying&amp;rft.pub=OpenSecrets&amp;rft_id=http%3A%2F%2Fwww.opensecrets.org%2Flobby%2Fclientsum.php%3Fid%3DD000000071&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-223"><span class="mw-cite-backlink"><b><a href="#cite_ref-223">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.opensecrets.org/orgs/summary.php?ID=D000000071&amp;Name=Citigroup+Inc">"Citigroup Inc: Summary"</a>. <a href="/wiki/OpenSecrets" title="OpenSecrets">OpenSecrets</a>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Citigroup+Inc%3A+Summary&amp;rft.pub=OpenSecrets&amp;rft_id=http%3A%2F%2Fwww.opensecrets.org%2Forgs%2Fsummary.php%3FID%3DD000000071%26Name%3DCitigroup%2BInc&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-224"><span class="mw-cite-backlink"><b><a href="#cite_ref-224">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFVadum2008" class="citation news cs1">Vadum, Matthew (November 25, 2008). <a rel="nofollow" class="external text" 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Archived from <a rel="nofollow" class="external text" href="http://spectator.org/articles/42567/liberalism-never-sleeps">the original</a> on December 20, 2014<span class="reference-accessdate">. Retrieved <span class="nowrap">December 20,</span> 2014</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+American+Spectator&amp;rft.atitle=Liberalism+Never+Sleeps&amp;rft.date=2008-11-25&amp;rft.aulast=Vadum&amp;rft.aufirst=Matthew&amp;rft_id=http%3A%2F%2Fspectator.org%2Farticles%2F42567%2Fliberalism-never-sleeps&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-225"><span class="mw-cite-backlink"><b><a href="#cite_ref-225">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://cincodias.elpais.com/cincodias/2020/03/13/companias/1584124578_411622.html">El País: Citi traslada a Madrid su núcleo de banca privada del sur de Europa por el Brexit – Pablo Martín Simón, 16 March 2020</a></span> </li> <li id="cite_note-crp-226"><span class="mw-cite-backlink">^ <a href="#cite_ref-crp_226-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-crp_226-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFChoma2014" class="citation web cs1">Choma, Russ (December 12, 2014). <a rel="nofollow" class="external text" href="http://www.opensecrets.org/news/2014/12/wall-streets-omnibus-triumph-and-others/">"Wall Street's Omnibus Triumph, and Others"</a>. <a href="/wiki/OpenSecrets" title="OpenSecrets">OpenSecrets</a>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Wall+Street%27s+Omnibus+Triumph%2C+and+Others&amp;rft.pub=OpenSecrets&amp;rft.date=2014-12-12&amp;rft.aulast=Choma&amp;rft.aufirst=Russ&amp;rft_id=http%3A%2F%2Fwww.opensecrets.org%2Fnews%2F2014%2F12%2Fwall-streets-omnibus-triumph-and-others%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-227"><span class="mw-cite-backlink"><b><a href="#cite_ref-227">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMorgensonMartin2009" class="citation news cs1"><a href="/wiki/Gretchen_Morgenson" title="Gretchen Morgenson">Morgenson, Gretchen</a>; Martin, Andrew (October 10, 2009). <a rel="nofollow" class="external text" href="https://www.nytimes.com/2009/10/11/business/11hohlt.html">"Citigroup Hires Mr. Inside"</a>. <i>The New York Times</i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=Citigroup+Hires+Mr.+Inside&amp;rft.date=2009-10-10&amp;rft.aulast=Morgenson&amp;rft.aufirst=Gretchen&amp;rft.au=Martin%2C+Andrew&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F2009%2F10%2F11%2Fbusiness%2F11hohlt.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span><span style="font-size:0.95em; font-size:95%; color: var( --color-subtle, #555 )">(subscription required)</span></span> </li> <li id="cite_note-228"><span class="mw-cite-backlink"><b><a href="#cite_ref-228">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFLisberg2010" class="citation news cs1">Lisberg, Adam (March 31, 2010). <a rel="nofollow" class="external text" href="http://www.nydailynews.com/news/2010/03/31/2010-03-31_mikes_deputy_says_so_long_to_city_hall.html">"Mayor Bloomberg deputy Edward Skyler says so long to City Hall"</a>. <i><a href="/wiki/New_York_Daily_News" title="New York Daily News">New York Daily News</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=New+York+Daily+News&amp;rft.atitle=Mayor+Bloomberg+deputy+Edward+Skyler+says+so+long+to+City+Hall&amp;rft.date=2010-03-31&amp;rft.aulast=Lisberg&amp;rft.aufirst=Adam&amp;rft_id=http%3A%2F%2Fwww.nydailynews.com%2Fnews%2F2010%2F03%2F31%2F2010-03-31_mikes_deputy_says_so_long_to_city_hall.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-NYT01-229"><span class="mw-cite-backlink"><b><a href="#cite_ref-NYT01_229-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBarbaro2010" class="citation news cs1">Barbaro, Michael (March 30, 2010). <a rel="nofollow" class="external text" href="https://www.nytimes.com/2010/03/31/nyregion/31skyler.html">"Another Exit From Bloomberg's Inner Circle"</a>. <i>The New York Times</i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">March 23,</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=citigroup.com&amp;rft.atitle=Leadership+Team+%E2%80%93+Jane+Fraser+%7C+Citi&amp;rft_id=https%3A%2F%2Fwww.citigroup.com%2Fciti%2Fabout%2Fleaders%2Fjane-fraser-bio.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-232"><span class="mw-cite-backlink"><b><a href="#cite_ref-232">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation magazine cs1"><a rel="nofollow" class="external text" href="https://fortune.com/most-powerful-women/">"Most Powerful Women"</a>. <i><a href="/wiki/Fortune_(magazine)" title="Fortune (magazine)">Fortune</a></i>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Fortune&amp;rft.atitle=Most+Powerful+Women&amp;rft_id=https%3A%2F%2Ffortune.com%2Fmost-powerful-women%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-233"><span class="mw-cite-backlink"><b><a href="#cite_ref-233">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.citigroup.com/global/about-us/leadership/mark-mason">"Leadership Team – Mark Mason | Citi"</a>. <i>citigroup.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">May 12,</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=citigroup.com&amp;rft.atitle=Leadership+Team+%E2%80%93+Mark+Mason+%7C+Citi&amp;rft_id=https%3A%2F%2Fwww.citigroup.com%2Fglobal%2Fabout-us%2Fleadership%2Fmark-mason&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-234"><span class="mw-cite-backlink"><b><a href="#cite_ref-234">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.citigroup.com/citi/about/leaders/edward-skyler-bio.html">"Leadership Team – Edward Skyler | Citi"</a>. <i>citigroup.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">March 23,</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=citigroup.com&amp;rft.atitle=Leadership+Team+%E2%80%93+Edward+Skyler+%7C+Citi&amp;rft_id=https%3A%2F%2Fwww.citigroup.com%2Fciti%2Fabout%2Fleaders%2Fedward-skyler-bio.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-235"><span class="mw-cite-backlink"><b><a href="#cite_ref-235">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877329,00.html">"25 People to Blame for the Financial Crisis"</a>. <i>Time</i>. February 11, 2009. <a href="/wiki/ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a>&#160;<a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0040-781X">0040-781X</a><span class="reference-accessdate">. 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Retrieved <span class="nowrap">March 21,</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Financial+Times&amp;rft.atitle=Citigroup+chief+stays+bullish+on+buy-outs&amp;rft_id=https%3A%2F%2Fwww.ft.com%2Fcontent%2F80e2987a-2e50-11dc-821c-0000779fd2ac&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-239"><span class="mw-cite-backlink"><b><a href="#cite_ref-239">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.channelnewsasia.com/news/business/citigroup-chief-compliance-officer-mark-carawan-retires-12801676">"Citigroup chief compliance officer Mark Carawan retires"</a>. <i>CNA</i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">December 8,</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=www.citigroup.com&amp;rft.atitle=Leadership+Team+%E2%80%93+Karen+Peetz+%7C+Citi&amp;rft_id=https%3A%2F%2Fwww.citigroup.com%2Fciti%2Fabout%2Fleaders%2Fkaren-peetz-bio.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></span> </li> <li id="cite_note-241"><span class="mw-cite-backlink"><b><a href="#cite_ref-241">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://www.bankingdive.com/news/citi-names-selva-chief-operating-officer-fraser-peetz-transformation-occ-consent-order/645845/">Banking Dive website, <i>Citi names 32-year vet Selva as its COO</i>, article by Rajashree Chakravarty dated March 23, 2023</a></span> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="Further_reading">Further reading</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=60" title="Edit section: Further reading"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFLangley2004" class="citation book cs1"><a href="/wiki/Monica_Langley" title="Monica Langley">Langley, Monica</a> (2004). <span class="id-lock-registration" title="Free registration required"><a rel="nofollow" class="external text" href="https://archive.org/details/isbn_9780743247269"><i>Tearing Down the Walls</i></a></span>. New York: Free Press. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a>&#160;<a href="/wiki/Special:BookSources/0-7432-4726-4" title="Special:BookSources/0-7432-4726-4"><bdi>0-7432-4726-4</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=book&amp;rft.btitle=Tearing+Down+the+Walls&amp;rft.place=New+York&amp;rft.pub=Free+Press&amp;rft.date=2004&amp;rft.isbn=0-7432-4726-4&amp;rft.aulast=Langley&amp;rft.aufirst=Monica&amp;rft_id=https%3A%2F%2Farchive.org%2Fdetails%2Fisbn_9780743247269&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ACitigroup" class="Z3988"></span></li> <li>Schull, Joseph, <i>100 Years of Banking in Canada: A History of the Toronto-Dominion Bank</i>. Illustrated by Brad Smith. Vancouver: Copp Clark, <abbr title="circa">c.</abbr><span style="white-space:nowrap;">&#8201;1958</span>. ix, 222 p.; ill.; 24&#160;cm.</li></ul> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Citigroup&amp;action=edit&amp;section=61" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1235681985">.mw-parser-output .side-box{margin:4px 0;box-sizing:border-box;border:1px solid #aaa;font-size:88%;line-height:1.25em;background-color:var(--background-color-interactive-subtle,#f8f9fa);display:flow-root}.mw-parser-output .side-box-abovebelow,.mw-parser-output .side-box-text{padding:0.25em 0.9em}.mw-parser-output .side-box-image{padding:2px 0 2px 0.9em;text-align:center}.mw-parser-output .side-box-imageright{padding:2px 0.9em 2px 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website</a></span></span></li> <li><a rel="nofollow" class="external text" href="https://www.opensecrets.org/orgs/summary?id=D000000071">Citigroup</a> on <a href="/wiki/OpenSecrets" title="OpenSecrets">OpenSecrets</a>, a website that tracks and publishes data on campaign finance and lobbying <span class="mw-valign-text-top noprint" typeof="mw:File/Frameless"><a href="https://www.wikidata.org/wiki/Q219508#P4691" title="Edit this at Wikidata"><img alt="Edit this at Wikidata" src="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/10px-OOjs_UI_icon_edit-ltr-progressive.svg.png" decoding="async" width="10" height="10" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/15px-OOjs_UI_icon_edit-ltr-progressive.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/20px-OOjs_UI_icon_edit-ltr-progressive.svg.png 2x" data-file-width="20" data-file-height="20" /></a></span></li> <li class="mw-empty-elt"></li> <li>Business data for Citigroup Inc.: <style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output .hlist.inline,.mw-parser-output .hlist.inline dl,.mw-parser-output .hlist.inline ol,.mw-parser-output .hlist.inline ul,.mw-parser-output .hlist dl dl,.mw-parser-output .hlist dl ol,.mw-parser-output .hlist dl ul,.mw-parser-output .hlist ol dl,.mw-parser-output .hlist ol ol,.mw-parser-output .hlist ol ul,.mw-parser-output .hlist ul dl,.mw-parser-output .hlist ul ol,.mw-parser-output .hlist ul ul{display:inline}.mw-parser-output .hlist .mw-empty-li{display:none}.mw-parser-output .hlist dt::after{content:": "}.mw-parser-output .hlist dd::after,.mw-parser-output .hlist li::after{content:" · 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O&#39;Neill">Michael E. O'Neill</a></li> <li><a href="/wiki/Vikram_Pandit" title="Vikram Pandit">Vikram Pandit</a></li> <li><a href="/wiki/Richard_Parsons_(businessman)" title="Richard Parsons (businessman)">Richard Parsons</a></li> <li><a href="/wiki/William_R._Rhodes" title="William R. Rhodes">William R. Rhodes</a></li> <li><a href="/wiki/Lewis_B._Kaden" title="Lewis B. Kaden">Lewis B. Kaden</a></li> <li><a href="/wiki/Al_Waleed_bin_Talal_Al_Saud" title="Al Waleed bin Talal Al Saud">Al Waleed bin Talal Al Saud</a></li> <li><a href="/wiki/John_Havens" title="John Havens">John Havens</a></li></ul> </div></td><td class="noviewer navbox-image" rowspan="6" style="width:1px;padding:0 0 0 2px"><div><span typeof="mw:File"><a href="/wiki/File:Citi_logo_March_2023.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/7/73/Citi_logo_March_2023.svg/140px-Citi_logo_March_2023.svg.png" decoding="async" width="140" height="83" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/7/73/Citi_logo_March_2023.svg/210px-Citi_logo_March_2023.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/7/73/Citi_logo_March_2023.svg/280px-Citi_logo_March_2023.svg.png 2x" data-file-width="512" data-file-height="302" /></a></span></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Brands and companies</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Current</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Grupo_Financiero_Banamex" title="Grupo Financiero Banamex">Banamex</a></li> <li><a href="/wiki/Citibank" title="Citibank">Citibank</a></li> <li><a href="/wiki/Citigold" class="mw-redirect" title="Citigold">Citigold</a></li> <li><a href="/wiki/Citi_Private_Bank" title="Citi Private Bank">Citi Private Bank</a></li> <li><a href="/wiki/Egg_Banking" title="Egg Banking">Egg</a></li> <li><a href="/wiki/Metalmark_Capital" title="Metalmark Capital">Metalmark Capital</a></li> <li><a href="/wiki/Red_Roof_Inn" title="Red Roof Inn">Red Roof Inn</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Former</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ClearBridge_Investments" title="ClearBridge Investments">ClearBridge Investments</a></li> <li><a href="/wiki/Court_Square_Capital_Partners" title="Court Square Capital Partners">Court Square Capital Partners</a></li> <li><a href="/wiki/CVC_Capital_Partners" title="CVC Capital Partners">CVC Capital Partners</a></li> <li><a href="/wiki/Diners_Club_International" title="Diners Club International">Diners Club International</a></li> <li><a href="/wiki/Morgan_Stanley_Wealth_Management" title="Morgan Stanley Wealth Management">Morgan Stanley Wealth Management</a></li> <li><a href="/wiki/OneMain_Financial" title="OneMain Financial">OneMain Financial</a></li> <li><a href="/wiki/Primerica" title="Primerica">Primerica</a></li> <li><a href="/wiki/The_Travelers_Companies" title="The Travelers Companies">The Travelers Companies</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Notable<br /> former executives</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Winfried_Bischoff" title="Winfried Bischoff">Winfried Bischoff</a></li> <li><a href="/wiki/Michael_Bloomberg" title="Michael Bloomberg">Michael Bloomberg</a></li> <li><a href="/wiki/Gary_Crittenden" title="Gary Crittenden">Gary Crittenden</a></li> <li><a href="/wiki/Jamie_Dimon" title="Jamie Dimon">Jamie Dimon</a></li> <li><a href="/wiki/Ahmed_Fahour" title="Ahmed Fahour">Ahmed Fahour</a></li> <li><a href="/wiki/Stanley_Fischer" title="Stanley Fischer">Stanley Fischer</a></li> <li><a href="/wiki/Lewis_Glucksman" title="Lewis Glucksman">Lewis Glucksman</a></li> <li><a href="/wiki/Thomas_W._Jones" title="Thomas W. Jones">Thomas W. Jones</a></li> <li><a href="/wiki/Sallie_Krawcheck" title="Sallie Krawcheck">Sallie Krawcheck</a></li> <li><a href="/wiki/Victor_Menezes" title="Victor Menezes">Victor Menezes</a></li> <li><a href="/wiki/George_S._Moore" title="George S. Moore">George S. Moore</a></li> <li><a href="/wiki/Samuel_Osgood" title="Samuel Osgood">Samuel Osgood</a></li> <li><a href="/wiki/Joe_J._Plumeri" title="Joe J. Plumeri">Joe J. Plumeri</a></li> <li><a href="/wiki/Charles_Prince" title="Charles Prince">Chuck Prince</a></li> <li><a href="/wiki/John_S._Reed" title="John S. Reed">John Reed</a></li> <li><a href="/wiki/Robert_Rubin" title="Robert Rubin">Robert Rubin</a></li> <li><a href="/wiki/James_Stillman_Rockefeller" title="James Stillman Rockefeller">James Stillman Rockefeller</a></li> <li><a href="/wiki/William_Rockefeller" class="mw-redirect" title="William Rockefeller">William Rockefeller</a></li> <li><a href="/wiki/Moses_Taylor" title="Moses Taylor">Moses Taylor</a></li> <li><a href="/wiki/Sanford_I._Weill" title="Sanford I. Weill">Sandy Weill</a></li> <li><a href="/wiki/Robert_B._Willumstad" title="Robert B. Willumstad">Robert B. Willumstad</a></li> <li><a href="/wiki/Walter_Wriston" title="Walter Wriston">Walter Wriston</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Corporation" title="Corporation">Corporate</a> <a href="/wiki/Board_of_directors" title="Board of directors">directors</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/C._Michael_Armstrong" title="C. Michael Armstrong">Michael Armstrong</a></li> <li><a href="/wiki/Alain_J._P._Belda" title="Alain J. P. Belda">Alain Belda</a></li> <li><a href="/wiki/George_David" title="George David">George David</a></li> <li><a href="/wiki/Kenneth_T._Derr" title="Kenneth T. Derr">Kenneth T. Derr</a></li> <li><a href="/wiki/John_M._Deutch" title="John M. Deutch">John M. Deutch</a></li> <li><a href="/wiki/Roberto_Hern%C3%A1ndez_Ram%C3%ADrez" title="Roberto Hernández Ramírez">Roberto Hernández Ramírez</a></li> <li><a href="/wiki/Manolo_Falc%C3%B3" title="Manolo Falcó">Manolo Falcó</a></li> <li><a href="/wiki/Jane_Fraser_(banking)" class="mw-redirect" title="Jane Fraser (banking)">Jane Fraser</a></li> <li><a href="/wiki/Ann_Jordan" title="Ann Jordan">Ann Jordan</a></li> <li><a href="/wiki/Klaus_Kleinfeld" title="Klaus Kleinfeld">Klaus Kleinfeld</a></li> <li><a href="/wiki/Andrew_N._Liveris" class="mw-redirect" title="Andrew N. Liveris">Andrew N. Liveris</a></li> <li><a href="/wiki/Anne_M._Mulcahy" title="Anne M. Mulcahy">Anne Mulcahy</a></li> <li><a href="/wiki/Richard_Parsons_(businessman)" title="Richard Parsons (businessman)">Richard Parsons</a></li> <li><a href="/wiki/Charles_Prince" title="Charles Prince">Chuck Prince</a></li> <li><a href="/wiki/Judith_Rodin" title="Judith Rodin">Judith Rodin</a></li> <li><a href="/wiki/Robert_Rubin" title="Robert Rubin">Robert Rubin</a></li> <li><a href="/wiki/Franklin_A._Thomas" title="Franklin A. Thomas">Franklin A. Thomas</a></li> <li><a href="/wiki/Sanford_I._Weill" title="Sanford I. Weill">Sandy Weill</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Local entities</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Citibank_Argentina" title="Citibank Argentina">Argentina</a></li> <li><a href="/wiki/Citibank_Australia" title="Citibank Australia">Australia</a></li> <li><a href="/wiki/Citibank_Bahrain" title="Citibank Bahrain">Bahrain</a></li> <li><a href="/wiki/Citibank_Canada" title="Citibank Canada">Canada</a></li> <li><a href="/wiki/Citibank_(China)" title="Citibank (China)">China</a></li> <li><a href="/wiki/Citi_Colombia" class="mw-redirect" title="Citi Colombia">Colombia</a></li> <li><a href="/wiki/Citibank_Europe" title="Citibank Europe">Europe</a></li> <li><a href="/wiki/Citibank_(Hong_Kong)" title="Citibank (Hong Kong)">Hong Kong</a></li> <li><a href="/wiki/Citibank_India" title="Citibank India">India</a></li> <li><a href="/wiki/Citibank_Indonesia" title="Citibank Indonesia">Indonesia</a></li> <li><a href="/wiki/Nikko_Citigroup" class="mw-redirect" title="Nikko Citigroup">Japan</a></li> <li><a href="/wiki/Citibank_Korea" title="Citibank Korea">South Korea</a></li> <li><a href="/wiki/Citibank_(Malaysia)" title="Citibank (Malaysia)">Malaysia</a></li> <li><a href="/wiki/Grupo_Financiero_Banamex" title="Grupo Financiero Banamex">Mexico</a></li> <li><a href="/wiki/Citibank_Philippines" title="Citibank Philippines">Philippines</a></li> <li><a href="/wiki/Citibank_Russia" title="Citibank Russia">Russia</a></li> <li><a href="/wiki/Citibank_Singapore" title="Citibank Singapore">Singapore</a></li> <li><a href="/wiki/Citibank_Thailand" title="Citibank Thailand">Thailand</a></li> <li><a href="/w/index.php?title=Citibank_Taiwan&amp;action=edit&amp;redlink=1" class="new" title="Citibank Taiwan (page does not exist)">Taiwan</a><span class="noprint" style="font-size:85%; font-style: normal;">&#160;&#91;<a href="https://zh.wikipedia.org/wiki/%E8%8A%B1%E6%97%97%EF%BC%88%E5%8F%B0%E7%81%A3%EF%BC%89%E5%95%86%E6%A5%AD%E9%8A%80%E8%A1%8C" class="extiw" title="zh:花旗(台灣)商業銀行">zh</a>&#93;</span></li> <li><a href="/wiki/Citibank_Uganda" title="Citibank Uganda">Uganda</a></li> <li><a href="/wiki/Citibank_United_Arab_Emirates" title="Citibank United Arab Emirates">United Arab Emirates</a></li> <li><a href="/wiki/Citibank" title="Citibank">United States of America</a></li> <li><a href="/wiki/Citibank_Vietnam" title="Citibank Vietnam">Vietnam</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Predecessors</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ACC_Capital_Holdings" title="ACC Capital Holdings">ACC Capital</a></li> <li><a href="/wiki/California_Federal_Bank" title="California Federal Bank">California Federal Bank</a></li> <li><a href="/wiki/Franklin_National_Bank" title="Franklin National Bank">Franklin National Bank</a></li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="3"><div> <ul><li><b>Headquarters</b>: <a href="/wiki/388_Greenwich_Street" title="388 Greenwich Street">388 Greenwich Street</a>, <a href="/wiki/New_York_City" title="New York City">New York City</a>, <a href="/wiki/New_York_(state)" title="New York (state)">New York</a> 10043, <a href="/wiki/United_States" title="United States">United States</a></li> <li><span class="noviewer" typeof="mw:File"><span title="Category"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/9/96/Symbol_category_class.svg/16px-Symbol_category_class.svg.png" decoding="async" width="16" height="16" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/9/96/Symbol_category_class.svg/23px-Symbol_category_class.svg.png 1.5x, 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style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Barclays" title="Barclays">Barclays</a></li> <li><a href="/wiki/Bank_of_America" title="Bank of America">Bank of America</a></li> <li><a class="mw-selflink selflink">Citigroup</a></li> <li><a href="/wiki/Deutsche_Bank" title="Deutsche Bank">Deutsche Bank</a></li> <li><a href="/wiki/JPMorgan_Chase" title="JPMorgan Chase">JPMorgan Chase</a></li> <li><a href="/wiki/UBS" title="UBS">UBS</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;background-color: #eee;"><a href="/wiki/Americas" title="Americas">Americas</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Banco_Bradesco" title="Banco Bradesco">Bradesco BBI</a></li> <li><a href="/wiki/BMO_Capital_Markets" title="BMO Capital Markets">BMO Capital Markets</a></li> <li><a href="/wiki/CIBC_World_Markets" class="mw-redirect" title="CIBC World Markets">CIBC World Markets</a></li> <li><a href="/wiki/Ita%C3%BA_Unibanco" title="Itaú Unibanco">Itaú BBA</a></li> <li><a href="/wiki/National_Bank_of_Canada" title="National Bank of Canada">National Bank Financial Markets</a></li> <li><a href="/wiki/RBC_Capital_Markets" title="RBC Capital Markets">RBC Capital Markets</a></li> <li><a href="/wiki/Scotiabank" title="Scotiabank">Scotiabank GBM</a></li> <li><a href="/wiki/TD_Securities" title="TD Securities">TD Securities</a> <ul><li><a href="/wiki/TD_Cowen" title="TD Cowen">TD Cowen</a></li></ul></li> <li><a href="/wiki/Wells_Fargo" title="Wells Fargo">Wells Fargo Securities</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;background-color: #eee;"><a href="/wiki/Europe,_the_Middle_East_and_Africa" title="Europe, the Middle East and Africa">EMEA</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Banca_Akros" title="Banca Akros">Banca Akros</a></li> <li><a href="/wiki/Banca_IMI" title="Banca IMI">Banca IMI</a></li> <li><a href="/wiki/BNP_Paribas_CIB" title="BNP Paribas CIB">BNP Paribas CIB</a></li> <li><a href="/wiki/Cr%C3%A9dit_Agricole_Corporate_and_Investment_Bank" title="Crédit Agricole Corporate and Investment Bank">Crédit Agricole CIB</a></li> <li><a href="/wiki/Credit_Suisse" title="Credit Suisse">Credit Suisse</a></li> <li><a href="/wiki/Danske_Bank" title="Danske Bank">Danske Bank LC&amp;I</a></li> <li><a href="/wiki/First_Abu_Dhabi_Bank" title="First Abu Dhabi Bank">First Abu Dhabi Bank CIB</a></li> <li><a href="/wiki/Handelsbanken" title="Handelsbanken">Handelsbanken Capital Markets</a></li> <li><a href="/wiki/HSBC" title="HSBC">HSBC GBM</a></li> <li><a href="/wiki/ING_Group" title="ING Group">ING WB</a></li> <li><a href="/wiki/%C4%B0%C5%9F_Yat%C4%B1r%C4%B1m" title="İş Yatırım">İş Yatırım</a></li> <li><a href="/wiki/Lloyds_Bank_Corporate_Markets" title="Lloyds Bank Corporate Markets">Lloyds Bank Corporate Markets</a></li> <li><a href="/wiki/Natixis" class="mw-redirect" title="Natixis">Natixis</a></li> <li><a href="/wiki/NatWest_Markets" title="NatWest Markets">NatWest Markets</a></li> <li><a href="/wiki/Nordea" title="Nordea">Nordea CI&amp;IB</a></li> <li><a href="/wiki/Banco_Santander" title="Banco Santander">Santander CIB</a></li> <li><a href="/wiki/Sberbank_CIB" title="Sberbank CIB">Sberbank CIB</a></li> <li><a href="/wiki/SEB_Group" title="SEB Group">SEB LC&amp;FI</a></li> <li><a href="/wiki/Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale" title="Société Générale">Société Générale CIB</a></li> <li><a href="/wiki/Standard_Chartered" title="Standard Chartered">Standard Chartered CCIB</a></li> <li><a href="/wiki/UniCredit" title="UniCredit">UniCredit CIB</a></li> <li><a href="/wiki/VTB_Capital" title="VTB Capital">VTB Capital</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;background-color: #eee;"><a href="/wiki/Asia%E2%80%93Pacific" title="Asia–Pacific">APAC</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/BOC_International" title="BOC International">BOC International</a></li> <li><a href="/wiki/CITIC_Securities" title="CITIC Securities">CITIC Securities</a> <ul><li><a href="/wiki/CLSA" title="CLSA">CLSA</a></li> <li><a href="/wiki/CSC_Financial" title="CSC Financial">CSC Financial</a></li></ul></li> <li><a href="/wiki/Mitsubishi_UFJ_Securities" title="Mitsubishi UFJ Securities">Mitsubishi UFJ Securities</a></li> <li><a href="/wiki/Mizuho_Securities" title="Mizuho Securities">Mizuho Securities</a></li> <li><a href="/wiki/NH_Investment_%26_Securities" title="NH Investment &amp; Securities">NH Investment &amp; Securities</a></li> <li><a href="/wiki/SBI_Capital_Markets" title="SBI Capital Markets">SBI Capital Markets</a></li> <li><a href="/wiki/SMBC_Nikko_Securities" title="SMBC Nikko Securities">SMBC Nikko Securities</a></li> <li><a href="/wiki/UOB-Kay_Hian" title="UOB-Kay Hian">UOB-Kay Hian</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;">Independents</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;background-color: #eee;">Bulge bracket</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Goldman_Sachs" title="Goldman Sachs">Goldman Sachs</a></li> <li><a href="/wiki/Morgan_Stanley" title="Morgan Stanley">Morgan Stanley</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;background-color: #eee;">Americas</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Allen_%26_Company" title="Allen &amp; Company">Allen &amp; Company</a></li> <li><a href="/wiki/B.C._Ziegler" title="B.C. Ziegler">B.C. Ziegler</a></li> <li><a href="/wiki/B._Riley_Financial" title="B. Riley Financial">B. Riley Financial</a> <ul><li><a href="/wiki/FBR_Capital_Markets" title="FBR Capital Markets">FBR Capital Markets</a></li></ul></li> <li><a href="/wiki/Baird_(investment_bank)" title="Baird (investment bank)">Baird</a></li> <li><a href="/wiki/BDT_%26_MSD_Partners" title="BDT &amp; MSD Partners">BDT &amp; MSD Partners</a></li> <li><a href="/wiki/Brown_Brothers_Harriman" class="mw-redirect" title="Brown Brothers Harriman">Brown Brothers Harriman</a></li> <li><a href="/wiki/Brown_Gibbons_Lang_%26_Company" title="Brown Gibbons Lang &amp; Company">Brown Gibbons Lang &amp; Company</a></li> <li><a href="/wiki/BTG_Pactual" title="BTG Pactual">BTG Pactual</a></li> <li><a href="/wiki/Canaccord_Genuity" title="Canaccord Genuity">Canaccord Genuity</a></li> <li><a href="/wiki/Cantor_Fitzgerald" title="Cantor Fitzgerald">Cantor Fitzgerald</a></li> <li><a href="/wiki/Centerview_Partners" title="Centerview Partners">Centerview Partners</a></li> <li><a href="/wiki/Drexel_Hamilton" title="Drexel Hamilton">Drexel Hamilton</a></li> <li><a href="/wiki/Ducera_Partners" title="Ducera Partners">Ducera Partners</a></li> <li><a href="/wiki/Evercore" title="Evercore">Evercore</a></li> <li><a href="/wiki/Financial_Technology_Partners" title="Financial Technology Partners">Financial Technology Partners</a></li> <li><a href="/wiki/Greenhill_%26_Co." title="Greenhill &amp; Co.">Greenhill &amp; Co.</a></li> <li><a href="/wiki/Guggenheim_Partners" title="Guggenheim Partners">Guggenheim Partners</a></li> <li><a href="/wiki/Harris_Williams_%26_Co." title="Harris Williams &amp; Co.">Harris Williams &amp; Co.</a></li> <li><a href="/wiki/Houlihan_Lokey" title="Houlihan Lokey">Houlihan Lokey</a></li> <li><a href="/wiki/Jefferies_Group" title="Jefferies Group">Jefferies</a></li> <li><a href="/wiki/Lazard" title="Lazard">Lazard</a></li> <li><a href="/wiki/Leerink_Partners" title="Leerink Partners">Leerink Partners</a></li> <li><a href="/wiki/Lincoln_International" title="Lincoln International">Lincoln International</a></li> <li><a href="/wiki/LionTree" title="LionTree">LionTree</a></li> <li><a href="/wiki/Marathon_Capital" title="Marathon Capital">Marathon Capital</a></li> <li><a href="/wiki/Moelis_%26_Company" title="Moelis &amp; Company">Moelis &amp; Company</a></li> <li><a href="/wiki/Needham_%26_Company" title="Needham &amp; Company">Needham &amp; Company</a></li> <li><a href="/wiki/Oppenheimer_Holdings" title="Oppenheimer Holdings">Oppenheimer</a></li> <li><a href="/wiki/Perella_Weinberg_Partners" title="Perella Weinberg Partners">Perella Weinberg Partners</a></li> <li><a href="/wiki/Piper_Sandler" class="mw-redirect" title="Piper Sandler">Piper Sandler</a></li> <li><a href="/wiki/PJT_Partners" title="PJT Partners">PJT Partners</a></li> <li><a href="/wiki/Qatalyst_Partners" title="Qatalyst Partners">Qatalyst Partners</a></li> <li><a href="/wiki/The_Raine_Group" title="The Raine Group">The Raine Group</a></li> <li><a href="/wiki/Raymond_James_Financial" title="Raymond James Financial">Raymond James Financial</a></li> <li><a href="/wiki/Roth_Capital_Partners" title="Roth Capital Partners">Roth Capital Partners</a></li> <li><a href="/wiki/Seabury_Capital" title="Seabury Capital">Seabury Capital</a></li> <li><a href="/wiki/Solomon_Partners" title="Solomon Partners">Solomon Partners</a></li> <li><a href="/wiki/Stephens_Inc." title="Stephens Inc.">Stephens Inc.</a></li> <li><a href="/wiki/Stifel" title="Stifel">Stifel</a> <ul><li><a href="/wiki/Keefe,_Bruyette_%26_Woods" title="Keefe, Bruyette &amp; Woods">Keefe, Bruyette &amp; Woods</a></li> <li><a href="/wiki/Miller_Buckfire_%26_Co." title="Miller Buckfire &amp; Co.">Miller Buckfire &amp; Co.</a></li></ul></li> <li><a href="/wiki/Stone_Key_Partners" title="Stone Key Partners">Stone Key Partners</a></li> <li><a href="/wiki/Wedbush_Securities" title="Wedbush Securities">Wedbush Securities</a></li> <li><a href="/wiki/William_Blair_%26_Company" title="William Blair &amp; Company">William Blair &amp; Company</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;background-color: #eee;">EMEA</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Arbuthnot_Latham" title="Arbuthnot Latham">Arbuthnot Latham</a></li> <li><a href="/wiki/African_Alliance_Investment_Bank" title="African Alliance Investment Bank">AAIB</a></li> <li><a href="/wiki/ABG_Sundal_Collier" title="ABG Sundal Collier">ABG Sundal Collier</a></li> <li><a href="/wiki/Berenberg_Bank" title="Berenberg Bank">Berenberg Bank</a></li> <li><a href="/wiki/Bpifrance" title="Bpifrance">Bpifrance</a></li> <li><a href="/wiki/Carnegie_Investment_Bank" title="Carnegie Investment Bank">Carnegie</a></li> <li><a href="/wiki/EFG_Hermes" class="mw-redirect" title="EFG Hermes">EFG Hermes</a></li> <li><a href="/wiki/Investec" title="Investec">Investec</a></li> <li><a href="/wiki/Van_Lanschot_Kempen" title="Van Lanschot Kempen">Kempen</a></li> <li><a href="/wiki/Mediobanca" title="Mediobanca">Mediobanca</a></li> <li><a href="/wiki/Numis" title="Numis">Numis</a></li> <li><a href="/wiki/Renaissance_Capital_(Russian_company)" class="mw-redirect" title="Renaissance Capital (Russian company)">Renaissance Capital</a></li> <li><a href="/wiki/Robey_Warshaw" title="Robey Warshaw">Robey Warshaw</a></li> <li><a href="/wiki/Rothschild_%26_Co" title="Rothschild &amp; Co">Rothschild &amp; Co</a></li> <li><a href="/wiki/Zaoui_%26_Co." title="Zaoui &amp; Co.">Zaoui &amp; Co.</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;background-color: #eee;">APAC</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Barrenjoey_Capital_Partners" title="Barrenjoey Capital Partners">Barrenjoey Capital Partners</a></li> <li><a href="/wiki/China_Galaxy_Securities" title="China Galaxy Securities">China Galaxy Securities</a></li> <li><a href="/wiki/China_International_Capital_Corporation" title="China International Capital Corporation">China International Capital Corporation</a></li> <li><a href="/wiki/China_Renaissance" title="China Renaissance">China Renaissance</a></li> <li><a href="/wiki/Daiwa_Securities_Group" title="Daiwa Securities Group">Daiwa Securities Group</a></li> <li><a href="/wiki/Everbright_Securities" title="Everbright Securities">Everbright Securities</a></li> <li><a href="/wiki/GF_Securities" title="GF Securities">GF Securities</a></li> <li><a href="/wiki/Guosen_Securities" title="Guosen Securities">Guosen Securities</a></li> <li><a href="/wiki/Guotai_Junan_Securities" title="Guotai Junan Securities">Guotai Junan Securities</a></li> <li><a href="/wiki/Haitong_Securities" title="Haitong Securities">Haitong Securities</a></li> <li><a href="/wiki/Huatai_Securities" title="Huatai Securities">Huatai Securities</a></li> <li><a href="/wiki/JM_Financial" title="JM Financial">JM Financial</a></li> <li><a href="/wiki/Macquarie_Group" title="Macquarie Group">Macquarie Group</a></li> <li><a href="/wiki/Mirae_Asset_Securities" title="Mirae Asset Securities">Mirae Asset Securities</a></li> <li><a href="/wiki/Nomura_Securities" title="Nomura Securities">Nomura Securities</a></li> <li><a href="/wiki/Orient_Securities" title="Orient Securities">Orient Securities</a></li> <li><a href="/wiki/Samsung_Securities" title="Samsung Securities">Samsung Securities</a></li> <li><a href="/wiki/Shenwan_Hongyuan" title="Shenwan Hongyuan">Shenwan Hongyuan</a></li> <li><a href="/wiki/Somerley_Capital" title="Somerley Capital">Somerley Capital</a></li> <li><a href="/wiki/Zhongtai_Securities" title="Zhongtai Securities">Zhongtai Securities</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><span class="noviewer" typeof="mw:File"><span title="Category"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/9/96/Symbol_category_class.svg/16px-Symbol_category_class.svg.png" decoding="async" width="16" height="16" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/9/96/Symbol_category_class.svg/23px-Symbol_category_class.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/9/96/Symbol_category_class.svg/31px-Symbol_category_class.svg.png 2x" data-file-width="180" data-file-height="185" /></span></span> <a href="/wiki/Category:Investment_banks" title="Category:Investment banks">Category</a></li> <li><span class="noviewer" typeof="mw:File"><span title="List-Class article"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/d/db/Symbol_list_class.svg/16px-Symbol_list_class.svg.png" decoding="async" width="16" height="16" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/d/db/Symbol_list_class.svg/23px-Symbol_list_class.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/d/db/Symbol_list_class.svg/31px-Symbol_list_class.svg.png 2x" data-file-width="180" data-file-height="185" /></span></span> <a href="/wiki/List_of_investment_banks" title="List of investment banks">List</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Custodian_banks33" style="padding:3px"><table class="nowraplinks hlist mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Custodian_Bank" title="Template:Custodian Bank"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Custodian_Bank" title="Template talk:Custodian Bank"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Custodian_Bank" title="Special:EditPage/Template:Custodian Bank"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Custodian_banks33" style="font-size:114%;margin:0 4em"><a href="/wiki/Custodian_bank" title="Custodian bank">Custodian banks</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">Custodian Bank</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/BNP_Paribas" title="BNP Paribas">BNP Paribas</a></li> <li><a href="/wiki/BNY" title="BNY">BNY</a></li> <li><a href="/wiki/Brown_Brothers_Harriman" class="mw-redirect" title="Brown Brothers Harriman">Brown Brothers Harriman</a></li> <li><a href="/wiki/Citi" class="mw-redirect" title="Citi">Citi</a></li> <li><a href="/wiki/Credit_Suisse" title="Credit Suisse">Credit Suisse</a></li> <li><a href="/wiki/Deutsche_Bank" title="Deutsche Bank">Deutsche Bank</a></li> <li><a href="/wiki/Goldman_Sachs" title="Goldman Sachs">Goldman Sachs</a></li> <li><a href="/wiki/HSBC" title="HSBC">HSBC</a></li> <li><a href="/wiki/J.P._Morgan" class="mw-redirect" title="J.P. Morgan">J.P. Morgan</a></li> <li><a href="/wiki/Mizuho_Bank" title="Mizuho Bank">Mizuho Bank</a></li> <li><a href="/wiki/MUFG" title="MUFG">MUFG</a></li> <li><a href="/wiki/Northern_Trust" title="Northern Trust">Northern Trust</a></li> <li><a href="/wiki/Royal_Bank_of_Canada" title="Royal Bank of Canada">Royal Bank of Canada</a></li> <li><a href="/wiki/Sumitomo_Mitsui_Banking_Corporation" title="Sumitomo Mitsui Banking Corporation">SMBC</a></li> <li><a href="/wiki/Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale" title="Société Générale">Société Générale</a></li> <li><a href="/wiki/Standard_Chartered" title="Standard Chartered">Standard Chartered</a></li> <li><a href="/wiki/State_Street_Bank" class="mw-redirect" title="State Street Bank">State Street</a></li> <li><a href="/wiki/UBS" title="UBS">UBS</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Great_Recession270" style="padding:3px"><table class="nowraplinks hlist mw-collapsible mw-collapsed navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Great_Recession" title="Template:Great Recession"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Great_Recession" title="Template talk:Great Recession"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Great_Recession" title="Special:EditPage/Template:Great Recession"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Great_Recession270" style="font-size:114%;margin:0 4em"><a href="/wiki/Great_Recession" title="Great Recession">Great Recession</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">By region</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Great_Recession_in_Africa" title="Great Recession in Africa">Africa</a></li> <li><a href="/wiki/Great_Recession_in_the_Americas" title="Great Recession in the Americas">Americas</a> <ul><li><a href="/wiki/Great_Recession_in_the_United_States" title="Great Recession in the United States">United States</a></li> <li><a href="/wiki/Great_Recession_in_South_America" title="Great Recession in South America">South America</a></li></ul></li> <li><a href="/wiki/Great_Recession_in_Asia" title="Great Recession in Asia">Asia</a></li> <li><a href="/wiki/Great_Recession_in_Europe" title="Great Recession in Europe">Europe</a> <ul><li><a href="/wiki/2008%E2%80%932011_Icelandic_financial_crisis" title="2008–2011 Icelandic financial crisis">Iceland</a></li></ul></li> <li><a href="/wiki/Great_Recession_in_Oceania" title="Great Recession in Oceania">Oceania</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">United States-specific</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Automotive_industry_crisis_of_2008%E2%80%932010" class="mw-redirect" title="Automotive industry crisis of 2008–2010">Automotive industry crisis</a></li> <li><a href="/wiki/2008%E2%80%932012_California_budget_crisis" title="2008–2012 California budget crisis">California budget crisis</a></li> <li><a href="/wiki/United_States_housing_bubble" class="mw-redirect" title="United States housing bubble">Housing bubble</a></li> <li><a href="/wiki/United_States_housing_market_correction" class="mw-redirect" title="United States housing market correction">Housing market correction</a></li> <li><a href="/wiki/Subprime_mortgage_crisis" title="Subprime mortgage crisis">Subprime mortgage crisis</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Banking losses and fraud</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Libor_scandal" title="Libor scandal">Libor scandal</a> <ul><li><a href="/wiki/Tom_Hayes_(trader)" title="Tom Hayes (trader)">Tom Hayes</a></li></ul></li> <li><a href="/wiki/2008_Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale_trading_loss" title="2008 Société Générale trading loss">Société Générale trading loss</a></li> <li><a href="/wiki/Icesave_dispute" title="Icesave dispute">Icesave dispute</a></li> <li><a href="/wiki/Forex_scandal" title="Forex scandal">Forex scandal</a></li> <li><a href="/wiki/Bernie_Madoff" title="Bernie Madoff">Bernie Madoff</a></li> <li><a href="/wiki/Tom_Petters" title="Tom Petters">Tom Petters</a></li> <li><a href="/wiki/Scott_W._Rothstein" title="Scott W. Rothstein">Scott W. Rothstein</a></li> <li><a href="/wiki/Allen_Stanford" title="Allen Stanford">Allen Stanford</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Government entities</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Consumer_Financial_Protection_Bureau" title="Consumer Financial Protection Bureau">Consumer Financial Protection Bureau</a></li> <li><a href="/wiki/Federal_Deposit_Insurance_Corporation" title="Federal Deposit Insurance Corporation">Federal Deposit Insurance Corporation</a></li> <li><a href="/wiki/Federal_Home_Loan_Banks" title="Federal Home Loan Banks">Federal Home Loan Banks</a></li> <li><a href="/wiki/Federal_Housing_Administration" title="Federal Housing Administration">Federal Housing Administration</a></li> <li><a href="/wiki/Federal_Housing_Finance_Agency" title="Federal Housing Finance Agency">Federal Housing Finance Agency</a></li> <li><a href="/wiki/Federal_Housing_Finance_Board" title="Federal Housing Finance Board">Federal Housing Finance Board</a></li> <li><a href="/wiki/Federal_Reserve_System" class="mw-redirect" title="Federal Reserve System">Federal Reserve System</a></li> <li><a href="/wiki/Government_National_Mortgage_Association" title="Government National Mortgage Association">Government National Mortgage Association</a></li> <li><a href="/wiki/National_Asset_Management_Agency" title="National Asset Management Agency">National Asset Management Agency</a></li> <li><a href="/wiki/Office_of_Federal_Housing_Enterprise_Oversight" title="Office of Federal Housing Enterprise Oversight">Office of Federal Housing Enterprise Oversight</a></li> <li><a href="/wiki/Assistant_Secretary_of_the_Treasury_for_Financial_Stability" title="Assistant Secretary of the Treasury for Financial Stability">Office of Financial Stability</a></li> <li><a href="/wiki/UK_Financial_Investments" title="UK Financial Investments">UK Financial Investments</a></li></ul> </div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible autocollapse navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Government_policy_and_spending_responses162" style="font-size:114%;margin:0 4em">Government policy and spending responses</div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">Banking and finance<br /> stability and reform</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Banking_(Special_Provisions)_Act_2008" title="Banking (Special Provisions) Act 2008">Banking (Special Provisions) Act 2008</a></li> <li><a href="/wiki/China%E2%80%93Japan%E2%80%93South_Korea_trilateral_summit" title="China–Japan–South Korea trilateral summit">China–Japan–South Korea trilateral summit</a></li> <li><a href="/wiki/Commercial_Paper_Funding_Facility" title="Commercial Paper Funding Facility">Commercial Paper Funding Facility</a></li> <li><a href="/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act" title="Dodd–Frank Wall Street Reform and Consumer Protection Act">Dodd–Frank Wall Street Reform and Consumer Protection Act</a></li> <li><a href="/wiki/Emergency_Economic_Stabilization_Act_of_2008" title="Emergency Economic Stabilization Act of 2008">Emergency Economic Stabilization Act of 2008</a></li> <li><a href="/wiki/Irish_emergency_budget,_2009" class="mw-redirect" title="Irish emergency budget, 2009">Irish emergency budget, 2009</a></li> <li><a href="/wiki/Temporary_Liquidity_Guarantee_Program" title="Temporary Liquidity Guarantee Program">Temporary Liquidity Guarantee Program</a></li> <li><a href="/wiki/Term_Asset-Backed_Securities_Loan_Facility" title="Term Asset-Backed Securities Loan Facility">Term Asset-Backed Securities Loan Facility</a></li> <li><a href="/wiki/Troubled_Asset_Relief_Program" title="Troubled Asset Relief Program">Troubled Asset Relief Program</a></li> <li><a href="/wiki/2008_United_Kingdom_bank_rescue_package" title="2008 United Kingdom bank rescue package">2008 United Kingdom bank rescue package</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Bank_stress_tests17" scope="row" class="navbox-group" style="width:1%">Bank stress tests</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/2010_European_Union_bank_stress_test" title="2010 European Union bank stress test">EU</a></li> <li><a href="/wiki/2009_Supervisory_Capital_Assessment_Program" title="2009 Supervisory Capital Assessment Program">U.S.</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Stimulus and recovery</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0;background: #f7f7f7;"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/2008_European_Union_stimulus_plan" title="2008 European Union stimulus plan">2008 European Union stimulus plan</a></li> <li><a href="/wiki/2008%E2%80%932009_Keynesian_resurgence" title="2008–2009 Keynesian resurgence">2008–2009 Keynesian resurgence</a></li> <li><a href="/wiki/American_Recovery_and_Reinvestment_Act_of_2009" title="American Recovery and Reinvestment Act of 2009">American Recovery and Reinvestment Act of 2009</a></li> <li><a href="/wiki/Chinese_economic_stimulus_program" title="Chinese economic stimulus program">Chinese economic stimulus program</a></li> <li><a href="/wiki/Economic_Stimulus_Act_of_2008" title="Economic Stimulus Act of 2008">Economic Stimulus Act of 2008</a></li> <li><a href="/wiki/Fraud_Enforcement_and_Recovery_Act_of_2009" title="Fraud Enforcement and Recovery Act of 2009">Fraud Enforcement and Recovery Act of 2009</a></li> <li><a href="/wiki/Green_New_Deal" title="Green New Deal">Green New Deal</a></li> <li><a href="/wiki/Housing_and_Economic_Recovery_Act_of_2008" title="Housing and Economic Recovery Act of 2008">Housing and Economic Recovery Act of 2008</a></li> <li><a href="/wiki/National_fiscal_policy_response_to_the_Great_Recession" class="mw-redirect" title="National fiscal policy response to the Great Recession">National fiscal policy response to the Great Recession</a></li> <li><a href="/wiki/Zero_interest-rate_policy" title="Zero interest-rate policy">Zero interest-rate policy</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Government interventions,<br /> rescues, and acquisitions</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession" title="List of banks acquired or bankrupted during the Great Recession">List of banks acquired or bankrupted during the Great Recession</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Non-banking11" scope="row" class="navbox-group" style="width:1%">Non-banking</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Chrysler" title="Chrysler">Chrysler</a></li> <li><a href="/wiki/General_Motors" title="General Motors">General Motors</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Securities involved <br /> and financial markets</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Auction_rate_security" title="Auction rate security">Auction rate securities</a></li> <li><a href="/wiki/Collateralized_debt_obligation" title="Collateralized debt obligation">Collateralized debt obligations</a></li> <li><a href="/wiki/Collateralized_mortgage_obligation" title="Collateralized mortgage obligation">Collateralized mortgage obligations</a></li> <li><a href="/wiki/Credit_default_swap" title="Credit default swap">Credit default swaps</a></li> <li><a href="/wiki/Mortgage-backed_security" title="Mortgage-backed security">Mortgage-backed securities</a></li> <li><a href="/wiki/Secondary_mortgage_market" title="Secondary mortgage market">Secondary mortgage market</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Social responses</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Tea_Party_protests" title="Tea Party protests">Tea Party protests</a> (United States; c. 2009)</li> <li><a href="/wiki/2009_May_Day_protests" title="2009 May Day protests">2009 May Day protests</a> (Europe, Middle East and North Africa, Asia; 2009)</li> <li><a href="/wiki/Arab_Spring" title="Arab Spring">Arab Spring</a> (MENA; 2010–2012)</li> <li><a href="/wiki/Occupy_movement" title="Occupy movement">Occupy movement</a> (worldwide; 2011–2012) <ul><li><a href="/wiki/Occupy_Wall_Street" title="Occupy Wall Street">Occupy Wall Street</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Related topics</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/2000s_energy_crisis" title="2000s energy crisis">2000s energy crisis</a> <ul><li><a href="/wiki/2008_Central_Asia_energy_crisis" title="2008 Central Asia energy crisis">2008 Central Asia energy crisis</a></li></ul></li> <li><a href="/wiki/Effects_of_the_Great_Recession_on_museums" title="Effects of the Great Recession on museums">Effects of the Great Recession on museums</a></li> <li><a href="/wiki/Decline_of_newspapers" title="Decline of newspapers">Decline of newspapers</a></li> <li><a href="/wiki/2007%E2%80%932008_world_food_price_crisis" title="2007–2008 world food price crisis">2007–2008 world food price crisis</a></li> <li><a href="/wiki/Retail_apocalypse" title="Retail apocalypse">Retail apocalypse</a></li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><a href="/wiki/European_debt_crisis" class="mw-redirect" title="European debt crisis">European debt crisis</a></li> <li><a href="/wiki/2007%E2%80%932008_financial_crisis" class="mw-redirect" title="2007–2008 financial crisis">2007–2008 financial crisis</a></li> <li><a href="/wiki/List_of_countries_by_public_debt" class="mw-redirect" title="List of countries by public debt">List of countries by public debt</a></li></ul> </div></td></tr></tbody></table></div></div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox authority-control" aria-labelledby="Authority_control_databases_frameless&amp;#124;text-top&amp;#124;10px&amp;#124;alt=Edit_this_at_Wikidata&amp;#124;link=https&amp;#58;//www.wikidata.org/wiki/Q219508#identifiers&amp;#124;class=noprint&amp;#124;Edit_this_at_Wikidata650" style="padding:3px"><table class="nowraplinks hlist mw-collapsible expanded navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Authority_control_databases_frameless&amp;#124;text-top&amp;#124;10px&amp;#124;alt=Edit_this_at_Wikidata&amp;#124;link=https&amp;#58;//www.wikidata.org/wiki/Q219508#identifiers&amp;#124;class=noprint&amp;#124;Edit_this_at_Wikidata650" style="font-size:114%;margin:0 4em"><a href="/wiki/Help:Authority_control" title="Help:Authority control">Authority control databases</a> <span class="mw-valign-text-top noprint" typeof="mw:File/Frameless"><a href="https://www.wikidata.org/wiki/Q219508#identifiers" title="Edit this at Wikidata"><img alt="Edit this at Wikidata" src="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/10px-OOjs_UI_icon_edit-ltr-progressive.svg.png" decoding="async" width="10" height="10" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/15px-OOjs_UI_icon_edit-ltr-progressive.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/20px-OOjs_UI_icon_edit-ltr-progressive.svg.png 2x" data-file-width="20" data-file-height="20" /></a></span></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">International</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"><ul><li><span class="uid"><a rel="nofollow" class="external text" href="https://isni.org/isni/0000000404412483">ISNI</a></span></li><li><span class="uid"><a rel="nofollow" class="external text" href="https://viaf.org/viaf/158647664">VIAF</a></span></li></ul></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">National</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"><ul><li><span class="uid"><a rel="nofollow" class="external text" href="https://d-nb.info/gnd/5337756-4">Germany</a></span></li><li><span class="uid"><a rel="nofollow" class="external text" href="https://id.loc.gov/authorities/no2007005175">United States</a></span></li></ul></div></td></tr></tbody></table></div> <!-- NewPP limit report Parsed by mw‐web.codfw.main‐7878cd4448‐pxhhj Cached time: 20250211195736 Cache expiry: 2592000 Reduced expiry: false Complications: 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