Editing Citigroup (section)

{{short description|American multinational investment bank and financial services corporation}}
{{redirect|Citi}}
{{distinguish|City Group}}
{{Use American English|date=August 2019}}
{{Use mdy dates|date=December 2023}}
{{Infobox company
| name = Citigroup Inc.
| logo = Citi logo March 2023.svg
| logo_size = 150px
| logo_caption = 
| image = 388 Greenwich Street from Battery Park City North Esplanade.jpg
| image_caption = The [[headquarters]] of Citigroup in [[Lower Manhattan]]
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{NYSE|C}}|[[S&P 100]] component|[[S&P 500]] component}}
| ISIN = {{ISIN|sl=n|pl=y|US1729674242}}
| predecessors = {{ubl|[[Citibank|City Bank of New York]] (1812)|First National Bank of New York (1863)|[[The Travelers Companies]] (1853)}}
| area_served = [[Multinational corporation|Worldwide]]
| foundation = {{Start date and age|1998|10|08}}
| founders = 
| hq_location = [[388 Greenwich Street]]<br>[[New York City]], U.S.
| key_people = {{ubl|[[John C. Dugan]] (chairman)|[[Viswas Raghavan]] (executive vice chairman)|[[Jane Fraser (executive)|Jane Fraser]] (CEO)|[[Mark Mason (executive)|Mark Mason]] (CFO)}}
| industry = [[Financial services]]
| products = {{ubl | [[Asset management]] | [[Banking]] | [[Commodities]] | [[Credit card]]s | [[Equities trading]] | [[Insurance]] | [[Investment management]] | [[Mortgage loan]]s | [[Private equity]] | [[Wealth management]] }}
| revenue = {{increase}} {{US$|81.14&nbsp;billion}} (2024)
| operating_income = {{increase}} {{US$|17.05&nbsp;billion}} (2024)
| net_income = {{increase}} {{US$|12.68&nbsp;billion}} (2024)
| assets = {{decrease}} {{US$|2.353&nbsp;trillion}} (2024)
| equity = {{nowrap| {{increase}} {{US$|208.6&nbsp;billion}} (2024)}}
| num_employees = {{circa|229,000}} (2024)
| owner = [[Berkshire Hathaway]] (2.69%)
| subsid = {{collapsible list | title = List of subsidiaries | framestyle = border:none; padding:0
  | [[Bank Handlowy]] ([[Poland]])
  | [[Citibank Argentina]]
  | [[Citibank Australia]]
  | [[Citibank]] (United States)
  | [[Citibank Bahrain]]
  | [[Citibank China]]
  | [[Citibank Europe]]
  | [[Citi Private Bank]]
  | [[Citibank (Hong Kong)]]
  | [[Citibank India]]
  | [[Citigroup Global Markets Japan]]
  | [[Citibank Indonesia]]
  | [[Citibank Korea]]
  | [[Citibank Malaysia]]
  | [[Citibank Russia]]
  | [[Citibank Singapore]]
  | [[Citibank Uganda]]
  | [[Citibank United Arab Emirates]]
  | [[Citi Private Bank]]
  | Citi Global Wealth Management
  | [[Grupo Financiero Banamex]]
  | [[Beymen]]
  | [[Salomon Brothers]]
  | [[Nikko Cordial]]
  | Acciones y Valores de México (Acciones y Valores Banamex, Casa de Bolsa Integrante del Grupo Financiero Banamex)
  | Discover Student Loans
  | Yield Book
  | Citigroup Global Markets Inc
  | [[Metalmark Capital]]
  | Lava Trading }}
| ratio = [[Tier 1 capital|Tier 1]] 15.3% (2024)
| website = {{URL|https://citigroup.com}}
| footnotes = <ref name=10K>{{cite web|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/831001/000083100125000067/c-20241231.htm |title=US SEC: 2024 Form 10-K Citigroup Inc. |publisher=[[U.S. Securities and Exchange Commission]] |date=February 21, 2025}}</ref>
}}

'''Citigroup Inc.''' or '''Citi''' ([[Style (visual arts)|stylized]] as '''citi''') is an American multinational [[investment banking|investment bank]]<!-- Its investment banking arm is a separate institution to its financial services. Leave as "investment bank and financial services company".--> and [[financial services]] company based in [[New York City]]. The company was formed in 1998 by the merger of Citicorp, the [[bank holding company]] for [[Citibank]], and [[The Travelers Companies|Travelers]]; Travelers was spun off from the company in 2002.<ref name=Merge>{{cite news | last=Martin | first=Mitchell | url=https://www.nytimes.com/1998/04/07/news/07iht-citi.t.html | title=Citicorp and Travelers Plan to Merge in Record $70 billion Deal | work=[[The New York Times]] | date=April 7, 1998}}</ref><ref>{{cite news | url=https://money.cnn.com/2001/12/19/ipo/citigroup/ | title=Citigroup to spin Travelers | work=[[CNN]] | date=December 19, 2001}}</ref>

Citigroup is the [[List of largest banks in the United States|third-largest banking institution]] in the United States by assets; alongside [[JPMorgan Chase]], [[Bank of America]], and [[Wells Fargo]], it is one of the [[Big Four (banking)#United States|Big Four]] banking institutions of the United States.<ref>{{cite news | url=https://www.thebalance.com/the-big-4-us-banks-315130 |title=The Biggest Banks in the United States | last=ONeil | first=Erin | work=The Balance | date=August 2, 2016 }}</ref> It is considered a [[Systemically important financial institution|systemically important bank]] by the [[Financial Stability Board]], and is commonly cited as being "[[too big to fail]]". It is one of the eight global investment banks in the [[Bulge Bracket]]. Citigroup is ranked 36th on the [[Fortune 500|''Fortune'' 500]],<ref>{{cite web | url=https://fortune.com/company/citigroup/fortune500/ | title=Fortune 500: Citigroup | work=[[Fortune (magazine)|Fortune]]}}</ref> and was ranked #24 in [[Forbes Global 2000|''Forbes'' Global 2000]] in 2023.<ref>{{Cite web|language=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref>

Citigroup operates with two major divisions: Institutional Clients Group (ICG), which offers [[investment banking]] and corporate banking services, as well as treasury and trade solutions (TTS) and securities services such as [[custodian bank]]ing; and Personal Banking and Wealth Management (PBWM), which includes [[Citibank]], a retail bank, the third largest issuer of [[credit card]]s,<ref>{{Cite news | url=https://money.usnews.com/credit-cards/articles/biggest-us-credit-card-companies-this-year | title=8 Biggest U.S. Credit Card Companies This Year | first=Ben | last=Luthi | work=[[U.S. News & World Report]] | date=May 2, 2023}}</ref> as well as its [[wealth management]] business.