Ruby Falcon June 7th, 2012 Bank Research Project

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INDEX

‣History‣Organization ‣Services ‣Mission‣Locations‣Finances ‣Problems ‣Interesting Facts

History of

• Founded in 1812 as the City Bank of New York

• Managed by Moses Taylor

• In 1863, City Bank became the National City Bank of New York.

• By 1868, it was one of the largest banks in the USA.

• The name was shorten later on to Citi Bank.

• In order to avoid confusion with other National City Banks such as Ohio’s National City Bank

Organization of Citi Bank

• Citi is organized in two major separate segments CitiCorpThis includes

•Retail Banking, Local Commercial Banking and Citi Personal Wealth Management•Citi-Branded Cards •Citi Retail Services •Asset Management

Citi HoldingsThis includes

•Brokerage and Asset Management •Local Consumer Lending •Special Asset Pool

Services

• Full Service Bank

• Free online banking

• “Citi” Text Banking

• Account Alerts

• Online Check Images

• 24/7 Customer Support

• Global Transfers

• Checking Accounts

• Saving Accounts

• Student Accounts

• Credit Cards

• Personal Loans

• Student Loans

• AND OTHER SERVICES

Mission Statement

Said by CEO Vikram Pandit on January 7th, 2011

Locations

•Citibank was the first GLOBAL bank•There are over 1,300 branches

•Employing 200,245 people

Finances

• 2007-2010

• Citi lost $8-11 billion

• staff was cut and there were many relocations

Problems

Interesting Facts

• Citi Bank serves approximately 200 million client accounts and operate in more than 160 countries.

• Citi pays its CEO, Vikram Pandit, $4,567 an hour and pays its tellers $12 an hour.

• meaning it pays its CEO the equivalent of 380 workers pay.

• serve approximately 200 million client accounts and operate in more than 160 countries.

Work Cited

• “Citibank” Wikipedia, The Free Encyclopedia. Wikimedia Foundation, Inc. Web.

• "Citibank Online." Citibank.com. Web.

• Pandit, Vikram. “Citi Mission Statement and Principles.” Citibank.com Web.

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