Is this your business? 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. Contact Information Formerly Known As Salomon Smith Barney Ownership Status Privately Held (backing) Financing Status Corporate Backed or Acquired Primary Industry Brokerage Other Industries Investment Banks government. the Middle Class was not its focus. Global Presence. Citi 3.9. ", "Travelers Group, Form 8-K, Current Report", "Morgan Stanley Is Killing 'Smith Barney' Here's The Story Of How It Died", "Joseph Plumeri to Leave Citigroup For Top Job at Nonfinancial Firm", "The Chief Preacher: Joe Plumeri Citibank Finds Sales Religion", "Commerce adds Plumeri to Board of Directors", "Breaking with Tradition: Willis Re-energized", "Citigroup to Buy Associates First for $31 Billion", "Citigroup, Form 8-K, Current Report, Filing Date Oct 16, 2002", "Citigroup Settles FTC Charges Against the Associates Record-Setting $215million for Subprime Lending Victims", "E.A.B. The agent name for this entity is: C T Corporation System. [212][213], In 2005, Citigroup paid $2 billion to settle a lawsuit filed by investors in Enron. Some former regulators found room to criticize Hohlt's involvement with Citigroup, because of his earlier involvement with the financial services industry during the savings and loan crisis of the 1980s. Class of 1984 Senior Fellow and Fellow, Freeman Spogli Institute for International Studies and Dean Emeritus, NYU Leonard N. Stern School of Business, Former Assistant Secretary for Intelligence and Analysis, U.S. Department of the Treasury, Former President and Group Chief Executive Officer, Nordea Bank Abp, Former Superintendent of Banks, State of New York, Head of Enterprise Operations & Technology. Citi | Contact Us Please be advised that this site is not optimized for use with Microsoft Internet Explorer 6. He oversaw its network of 450 branches. [136], Citi Branded Cards introduced several new products in 2011, including: Citi ThankYou, Citi Executive/AAdvantage and Citi Simplicity cards in the U.S. A joint statement by the US Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation (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. Announces Opening of First Smart Banking Branches in Citi's Global Network", "Citi gets approval to issue credit cards in China", "Citi Ties up With Chinese Stock Brokerage to Form Citi Orient Securities", "Citigroup, other big US banks flunk 'stress tests', "Stress Tests: Official Statements From Banks", "Citi among banks that fail Fed stress test", "The Feds Stress Test Summary Results and Implications", "Taking the Measure of Citigroup and Bank of America", "Citigroup Reports First Quarter 2012 Earnings per Share of $0.95 $1.11 Excluding the Impact of Negative CVA/DVA and a Net Gain on Minority Investments", "Citi Replaces Das with Fraser in Possible Sign of Mortgage Push", "Comprehensive Capital Analysis and Review 2014: Assessment Framework and Results", "Failing Stress Test Is Another Stumble for Citigroup", "Federal Reserve releases results of Comprehensive Capital Analysis and Review (CCAR)", "Citi passes Fed stress test but BofA gets an incomplete", "Citigroup Faces Fraud Suit Claiming $1.1 Billion in Losses", "Citigroup Plans to Eliminate Shrinking Citi Holdings Unit", "Citigroup More Than Triples Its Dividend After Passing Stress Test", "Citigroup Said to Give CCA Managers 75% Fund Stake for Free", "A Citi Hedge Fund Business Prepares for Life on Its Own", "Napier Park Global Capital completes spinout from Citigroup", "Citigroup spins off alternative asset management arm", "Napier Park Global Capital Completes Spinout from Citigroup", "Citigroup to Exit Consumer Banking in 11 Markets", "Citi pulls out of consumer banking in 11 countries, profit jumps", "Citigroup selling retail online FX trading platform to FXCM, Saxo Bank", "Citigroup Names James Bindler Currencies Chief", "Springleaf Financial to Acquire OneMain Financial", "Springleaf Holdings Announces Closing of OneMain Acquisition and Ticker Symbol Change", "Scotiabank Closes Deal to Acquire Citigroup's Retail and Commercial Banking Operations in Panama and Costa Rica", "Costco names Citi, Visa as new credit card partners after AmEx deal ends", "Citigroup's 'Living Will' Passes Muster but Offers Few Insights", "Here's what Citi is doing for coronavirus assistance", "Citigroup is giving some employees a $1,000 bonus for working through the coronavirus pandemic", "Citi Singapore employees to receive $1,200 cash in April as Covid-19 aid", "Citi's $900 Million Revlon Gaffe Risks Getting Even More Painful", "Citigroup fined $400m over internal controls 'deficiencies', "Citi combines its stock trading and prime brokerage business", "Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East", "Citi to exit Mexican consumer business as part of strategy revamp", "Citigroup says total Russian exposure nearly $10 billion", "Citigroup Acted. [131] Late in 2010, the government sold its remaining stock holding in the company, yielding an overall net profit to taxpayers of $12 billion. Obliged", "Citigroup picks veteran to replace Pandit as CEO", "Citibank Bows to Trend, Cuts Credit Card Rate", "South Dakota: Credit Card Haven or the Cayman Islands for Banks? [25] Citigroup has approximately 200 million customer accounts and does business in more than 160 countries. [101] Shares of Citigroup common stock traded well below $1.00 on the New York Stock Exchange. Citigroup is a multinational financial services corporation with a presence in over 160 countries and territories around the world. Operator: Hello and welcome to Citi's Fourth Quarter 2022 Earnings Review with the Chief Executive Officer, Jane Fraser; and Chief Financial Officer, Mark Mason. [155], On June 23, 2016, Federal Reserve handed Citi a passing grade on its stress test the second time in a row, giving permission to triple its dividend to 16 cents a share and approving an $8.6 billion stock repurchase program,[156], Citi Capital Advisors (CCA), formerly Citi Alternative Investments, was a hedge fund that offered various investment strategies across multiple asset classes. [137], 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. SUSAN MILLS VICE PRESIDENT / / DIRECTOR . [188][62] In 2013, Citibank employed 2,900 in Sioux Falls and is one of the largest employers in the city. [187], Citibank moved its credit card operations to Sioux Falls, South Dakota in 1981 after that state eliminated caps on interest rates. New York, NY As Director, ICG Operations, and Technology Control and Reporting (2013-Present): Lead business planning . Citi. Citi strives to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible. The company provides investment banking services to corporate, institutional, government, and retail clients. [22] The deal would enable Travelers to market mutual funds and insurance to Citicorp's retail customers while giving the banking divisions access to an expanded client base of investors and insurance buyers. Ethical Analysis of Citigroup 2022-11-07. Citigroup reported revenues of $18.01 billion in the last reported quarter, representing a year-over-year change of +5.8%. "[107] The bailout called for the government to back about $306 billion in loans and securities and directly invest about $20 billion in the company. And it was certainly not written to prevent the government from selling its shares for a profit. The U.S. Securities and Exchange Commission said that Citigroup had made misleading statements about the company's exposure to subprime mortgages. Learn more today. COMPANY TYPE. Get the latest business insights from Dun & Bradstreet. 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. [citation needed] The 1918 purchase of U.S. overseas bank International Banking Corporation helped it become the first American bank to surpass $1 billion in assets. [56] Also in 1967, First National City Bank was reorganized as a one-bank holding company, First National City Corporation, or "Citicorp" for short. To comply with the Volcker Rule, 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. Scott C. Kursman is a Managing Director and Chief Compliance Officer for Citigroup Global Markets, Inc. (Broker-Dealer, Swap Dealer and Futures Commission Merchant) and the Citibank N.A., Swap Dealer. Citigroup Global Markets Ltd - Company Profile and News - Bloomberg Markets Bloomberg Terminal Demo Request Bloomberg Connecting decision makers to a dynamic network of information,. The agent name of this company is: C T CORPORATION SYSTEM , and company's status is listed as Active now. 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. N.A/Citigroup Global Markets Inc. Steve Zepeda Communications Principal at Citigroup Global Markets Holdings Inc. Soo Yeon Lee . www.citigroupcib.com. Citigroup Inc. (NYSE: C) Q4 2022 Earnings Call Transcript January 13, 2023. Citigroup Global Markets Inc is legally known as CITIGROUP GLOBAL MARKETS INC.. [168] On April 1, Citigroup became the exclusive issuer of Costco-branded credit cards. Citigroup has its headquarters located in downtown Tribeca (388 Greenwich). Private limited with Share Capital. Citigroup is ranked 33rd on the Fortune 500 as of 2021. It is a NY Corporation. Citigroup Global Markets Inc - Company Profile and News - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg. * The Chief of Staff is a direct report to the CEO but not a member of the Executive Management Team. EPS of $1.10 for the same period compares with $1.46 a year ago. Find more info on AllPeople about Michael Meeuwsen and Citigroup Global Markets Inc, as well as people who work for similar businesses nearby, colleagues for other branches, and more people with a similar name. Nikko Citigroup is a member of the Tokyo Stock Exchange, Osaka Stock Exchange, Nagoya Stock Exchange and JASDAQ. Derivative Counterparty Rating. Hunt v. Citigroup, Inc. et al", "Citigroup pays $158 mln in US mortgage fraud pact", "Joint State-Federal Mortgage Servicing Settlement FAQ", "Mortgage Plan Gives Billions to Homeowners, but With Exceptions", "Citigroup Settles Mortgage Inquiry for $7 Billion", "Citigroup to Pay Customers $700 Million in Card Settlement", "Citigroup Ordered to Refund $700 Million in Credit-Card Case", "CFTC Orders Citigroup Global Markets Inc. to Pay $25 Million for Spoofing in U.S. Treasury Futures Markets and for Related Supervision Failures", "Case Summary: Enron Corporation Securities Litigation", "Citigroup, Form 8-K, Current Report, Filing Date May 10, 2004", "Citigroup Reaches Settlement on WorldCom Class Action Litigation for $1.64 Billion After-Tax", "Citigroup Agrees to a Settlement Over WorldCom", "Global Crossing Investors Settle With Citigroup", "Citigroup settles Global Crossing suit for $75 million", "Citigroup to Settle With Enron Investors", "Citigroup Resolves Claims That It Helped Enron Deceive Investors", "Citigroup settles shareholder CDO lawsuit for $590 million", "Citi | Mark Mason | Chief Financial Officer, Citi", "H.R.4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act", "Update: Criminal cartel charges to be laid against Citigroup", "Regulators Finalize $1.4 Billion Wall St. Settlement", "Citigroup embroiled in bond selling scandal", "Revisiting Plutonomy: The Rich Getting Richer", "Bank Of America Merrill Lynch Is 'Comfortable With The Thrust' Of Piketty's Analysis", "U.S. Credit Crisis Adds to Gloom in Norway", "Citigroup to pay $18 mln over credit card practice", "Citigroup shareholders' vote on exec pay sends a message", "Citigroup CEO and directors sued over executive pay", "Citigroup Has Few Options After Pay Vote", "Citis CEO Pay Revolt Capitalism is Back Baby", "Citigroup Shareholder Sues After Failed 'Say-on-pay' Vote", "Citigroup Punished for Treasury Market Spoofing by Five Traders", "Citibank Called Lax on Salinas Money Trail", "How Citicorp's Amy Elliott Served Mexico's Raul Salinas", "Citigroup is fined $400 million over 'longstanding' internal problems", "Citi S'pore extends paternity leave to 4 weeks", "Paternity Leave Has Long-Lasting Benefits. 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