Citigroup (NYSE:C) is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.
Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services. On the institutional side, the firm offers investment banking, capital markets and advisory services, sales and trading, treasury and trade solutions, and securities services. For individual customers it provides deposit accounts, mortgages, personal loans, and one of the largest global credit card businesses, supported by digital banking platforms and payment solutions.
The company maintains a global footprint and serves clients in more than 160 countries and jurisdictions, with significant operations across the Americas, Europe, the Middle East and Africa (EMEA), and the Asia-Pacific region. This international network supports cross-border flows, corporate financing and transaction banking for multinational clients, while consumer and small-business operations are concentrated in selected markets where Citi has established retail franchises.
Citigroup is led by Chief Executive Officer Jane Fraser, who became CEO in 2021. As a regulated bank holding company, Citi operates under oversight from U.S. and international banking regulators and has in recent years undertaken strategic initiatives to simplify its structure, strengthen risk management and invest in digital capabilities. The firm’s combination of global scale, diversified business lines and extensive cross-border infrastructure positions it as a major participant in global finance.
