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Citigroup
(redirected from Citi group)

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Citigroup

U.S. holding company formed in 1998 from the merger of Citicorp (itself a holding company incorporated in 1967) and Travelers Group, Inc. The $70 billion merger included one of the largest U.S. investment banks, Salomon Smith Barney Inc., and aimed at creating a global retail financial-services business. Citicorp, whose lineage can be traced to the First Bank of the United States, was noteworthy for its pioneering installation of automated teller machines throughout its branch offices in the 1970s. Before its merger with Travelers Group, Inc., Citicorp was the largest U.S. bank and one of the largest financial companies in the world, with about 3,000 branch offices worldwide.



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Abdul Bari Khan while briefing a group of delegates from the Citi Group international during their visit to Indus Hospital .
The statement added: "Despite higher than expected levels of interest and very positive early indications, the bond - which was launched with Citi Group last week - has failed to secure enough subscription ahead of the deadline.
Despite higher than expected levels of interest and very positive early indications, the bond - which was launched with Citi Group last week - has failed to secure enough subscription ahead of today's deadline.
 
 
 
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