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Citigroup
(redirected from Citygroup)

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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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Note that Vikram Pandit, the chief executive officer of Citygroup, has axed dozens of low growth US/European consumer finance businesses, but not emerging markets crown jewels such as Banamex (Mexico), Handlowy (Poland), Fubon (Taiwan) and Koram (South Korea).
Will Citygropu shares double? by Gulf Business
Obama's campaign contributions - unlike McCain, he did not keep his promise to accept only public financing - have received almost no scrutiny, though it appears that money from, among others, Goldman Sachs, Microsoft, J P Morgan Chase, Citygroup, Time Warner and some pharmaceutical companies indirectly reached his coffers.
Star-spangled banner headlines by guardian.co.uk / guardian.co.uk
see below Syracuse May 24, 2006 and CityGroup Oct -1-2004 Reports).
Infotonics/Mediscience Announce Funding and Development Agreement by Business Wire
 
 
 
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