Citigroup Inc. was the largest company in the world in December, 2007. It had total assets of $2.2 trillion. Citigroup Inc. was formed on October 8, 1998 when Citicorp and the Traveler’s Group merged. By 2008, it was the world’s largest bank by revenues with over 358,000 staff and 200 million customer accounts in 100 countries. The Citicorp piece is a multinational banking corporation which operates in more than 100 countries. Travelers Group businesses include credit services, consumer finance
Introduction Citigroup is one of the most well known financial companies in the world. The company has been one of the pioneers of the business financial world. They have contributed in many contemporary ways in the use of banks, and many other financial systems. Citigroup was a representation of the financial market success of the United States, Wall Street, and the financial world. The company has more than 200 years of history, and had been receiving high credibility from worldwide customers
Introduction The Name of the company which I choose, is Citigroup. I’ve been interested in the company for a very long time. Since the day I first met my brother in-law eight years ago, I’ve been at awe in regards to the sophisticated manor in which employees carry themselves and the company name as a badge of pride and accomplishment. When I first entered High School, I instantly became an honors student and attained the honor of being directly involved with the community based activities of Soloman
This reflection paper analyzes Citigroup Inc’s initiatives to set funds aside for executives’ performance pay, how they are interacting with the media, and business tools that could improve the transparency of their compensation system. Citigroup is a global bank with its headquarters in New York, NY (Citigroup, Inc., 2011). Citigroup received a U.S. government bailout two years ago (Hester, 2009) and has been operating strongly since then. This June Citigroup announced that it will be putting
Citigroup Corporate Social Responsibility Evaluation Corporate social responsibility has become a hot term in the past few years as corporations have become larger and even more powerful. Watch-dog organizations have been formed to monitor the actions of corporations and report “rogue” companies who do not mean their standards for being socially responsible. Recently, many companies have started to issue corporate social responsibility reports along with their annual reports. Citigroup, a financial
Citigroup: Taking Sides Case Analysis Citibank, part of Citigroup, was one of the first foreign banks that had obtained licenses to conduct a limited range of commercial activities in China. When China entered the World Trade Organization at the end of 2001, Citigroup was still at an early stage in its China strategy. By 2002, Citibank had become one of the strongest foreign banks operating in the People's Republic of China, but as a foreign bank it had only limited market access, for a limited
environment. Citigroup represents an excellent example of an entity that has displayed adaptability to its environment. In 2001, Citigroup decided to increase its presence in China, despite the potential changes in the Chinese environment as a result of their entering the World Trade Organization (WTO). Such a venture implied uncertainty in the country's economy and laws. As a learning team, we have analyzed the case "Citigroup in Post-WTO China". Sides were taken on whether Citigroup has shown adaptability
many taking places i... ... middle of paper ... ...ness Law Today: 8th Edition-Miller & Jentz-Thomson (2008) Textbook Stevens, J.R. (2008). The signal phrase. Retrieved from http://www.englishdiscourse.org/ signal.html Fineman, Josh (2008) Citigroup Demands Wachovia. Retrieved from http://www.bloomberg.com Sorkin, A.R. (2008) Wells Fargo to buy Wachovia. Retrieved from http://dealbook.blogs.nytimes.com Finance & Economics. (2009) Ready to blow? Retrieved from http://www.economist.com Moyer
Citigroup History: Citigroup ' was founded as City Bank of New York in 1812 and remained a large regional bank until October 1998. Sandy Weill, then CEO of The Travelers Group an insurance company announced a $76 billion agreement to merge with Citigroup to form a new financial services conglomerate. It took only two years for the merger to pass federal law since the 1933 Glass-Steagall Act prevented banking and insurance companies from ever becoming one entity. As the new CEO of Citigroup
Investment Alternatives Benchmarking for Bernard Lester Whether it’s a strong competitive market or the effectiveness of shareholders maximizing shareholders wealth has become the norm for the global production market. Companies have found different operational strategies to convert less than profitable corporation into long-term profit maximizing corporation. Corporate CEO’s and financial manager must distinguish between growth or operational wealth, which will determine the possibilities of