Download - CitiBank Project-Ruby Falcon
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Ruby Falcon June 7th, 2012 Bank Research Project
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INDEX
‣History‣Organization ‣Services ‣Mission‣Locations‣Finances ‣Problems ‣Interesting Facts
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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
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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
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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
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Mission Statement
Said by CEO Vikram Pandit on January 7th, 2011
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Locations
•Citibank was the first GLOBAL bank•There are over 1,300 branches
•Employing 200,245 people
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Finances
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• 2007-2010
• Citi lost $8-11 billion
• staff was cut and there were many relocations
Problems
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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.
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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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