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Citigroup |
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CitigroupU.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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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LONDON -- Citigroup (NYSE: C) today announced it has reached an agreement to acquire 100% ownership of Egg Banking plc (Egg), the world's largest pure online bank and one of the UK's leading online financial services providers, from Prudential PLC for [pounds sterling]575 million, or approximately $1. NEW YORK -- Charles Prince, Chairman and Chief Executive Officer, Citigroup, will present at the Citigroup Financial Services Conference on Wednesday, January 31, 2007, at 12:45 PM (EST). Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. |
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