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Citibank was founded in 1812 as City Bank of New York. In 1894 it became the largest bank in the United States. In 1902 it began expanding internationally and became the first major US bank to establish a foreign department. By 1930 it became the largest bank in the world with 100 branches in 23 countries outside the United States. It changed its name to The First National City Bank of New York in 1955, then again to First National City Bank in 1962, and to Citibank in 1976. In 1981, Citibank rechartered itself in South Dakota to take advantage of new laws that raised the state's maximum permissible interest rate on loans to 25 percent (then the highest in the nation). Citibanks logo. ...
1812 was a leap year starting on Wednesday (see link for calendar). ...
1894 was a common year starting on Monday (see link for calendar). ...
The essential function of a bank is to provide services related to the storing of value and the extending of credit. ...
1902 was a common year starting on Wednesday (see link for calendar). ...
1930 is a common year starting on Wednesday. ...
1955 is a common year starting on Saturday of the Gregorian calendar. ...
1962 was a common year starting on Monday (link will take you to calendar). ...
1976 is a leap year starting on Thursday (link will take you to calendar). ...
1981 is a common year starting on Thursday of the Gregorian calendar. ...
State nickname: The Mount Rushmore State Other U.S. States Capital Pierre Largest city Sioux Falls Governor Mike Rounds Official languages English Area 199,905 km² (17th) - Land 196,735 km² - Water 3,173 km² (1. ...
Citibank was one of the first US banks to introduce Automatic teller machines in the 1970s, in order to reduce the number of human tellers and give 24-hour access to accounts. Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine (ATM) is an electronic device which allows a banks customers to make cash withdrawals and check their account balances at any time without the need for...
Events and trends Although in the United States and in many other Western societies the 1970s are often seen as a period of transition between the turbulent 1960s and the more conservative 1980s and 1990s, many of the trends that are associated widely with the Sixties, from the Sexual Revolution...
Citibank's operations in California are fairly recent, since it bought out Cal-Fed back in 2001. Also in 2001 Citibank settled a lawsuit for improperly assessing late fees. The class action lawsuit was for 45 million dollars. Following this Citibank lobbied in Congress (who they give huge donations to), to pass legislation that would limit class action lawsuits to 5 million dollars unless they were initiated on a federal level. Many consumer advocate websites report that Citibank is still improperly assessing late fees. State nickname: The Golden State Other U.S. States Capital Sacramento Largest city Los Angeles Governor Arnold Schwarzenegger Official languages English Area 410,000 km² (3rd) - Land 404,298 km² - Water 20,047 km² (4. ...
2001 is a common year starting on Monday of the Gregorian calendar. ...
Citibank is now the consumer and corporate banking arm of financial services giant Citigroup, the largest company of its kind in the world. Citibank has operations in more than 50 countries around the world. More than half of its 1,400 offices are in the United States, mostly in the New York, New York, Chicago, Illinois, Miami, Florida, and Washington, DC metropolitan areas, as well as in California. Financial services is a term used to refer to the services provided by the finance industry. ...
Citigroup Inc. ...
Midtown Manhattan, looking north from the Empire State Building, 2005 New York City (officially named the City of New York) is the most populous city in the state of New York and the entire United States. ...
Chicago (officially named the City of Chicago) is the third largest city in the United States (after New York City and Los Angeles) and the largest inland city in the country, with an official population of 2,896,016, as of the 2000 census. ...
The Miami skyline, as it is seen from the northeast. ...
Aerial photo (looking NW) of the Washington Monument and the White House in Washington, DC. Washington, D.C., officially the District of Columbia (also known as D.C.; Washington; the Nations Capital; the District; and, historically, the Federal City) is the capital city and administrative district of the United...
State nickname: The Golden State Other U.S. States Capital Sacramento Largest city Los Angeles Governor Arnold Schwarzenegger Official languages English Area 410,000 km² (3rd) - Land 404,298 km² - Water 20,047 km² (4. ...
In addition to the standard banking transactions, Citibank offers insurance, Credit Card and investment products. Their online services division is among the most successful in the field, claiming about 15 million users. Insurance is a system to alleviate financial losses by transferring risk of loss from one entity to another. ...
Credit cards A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. ...
Miscellaneous financials
- Fiscal year end: December
- 2002 Sales (in mil.) $45,883.0
- 2002 Net Income (mil.) $6,356.0
- 2002 Employees 129,545
Key people A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ...
President is a title held by many leaders of organizations, companies, universities, and countries. ...
Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ...
The Chief Financial Officer (CFO) of a company is the person primarily responsible for financial planning and record-keeping. ...
Competitors Bank of America (BofA) (NYSE: BAC), based in Charlotte, North Carolina, is the third largest bank in the United States of America, measured in assets. ...
Deutsche Bank AG (NYSE: DB) (German for German Bank) is a multinational bank operating worldwide and employing almost 70,000 people (2004). ...
J.P. Morgan Chase & Co. ...
Wachovia Corporation (NYSE: WB), based in Charlotte, North Carolina is one of the largest banking chains in the United States. ...
See also - Vladimir Levin is the pseudonym of the mastermind of a group of hackers that stole $10 million from Citibank
- Citigroup is the mother company of Citibank
Vladimir Levin is a character in Tolstoys novel Anna Karenina. ...
Citigroup Inc. ...
External links - Citibank Credit Cards (http://www.citicards.com/)
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