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Citibank was founded in 1812 as the City Bank of New York. Citibank is now the consumer and corporate banking arm of financial services giant Citigroup, the largest company of its kind in the world. Citibanks logo. ...
A public company is a company owned by the public rather than by a relatively few individuals. ...
1812 was a leap year starting on Wednesday (see link for calendar). ...
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. ...
Charles Prince or Charles O. Prince, III, born January 13, 1950, is the chief executive officer of Citigroup. ...
Finance studies and addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks entailed in their projects. ...
Financial services is a term used to refer to the services provided by the finance industry. ...
This page as shown in the aol 9. ...
1812 was a leap year starting on Wednesday (see link for calendar). ...
Financial services is a term used to refer to the services provided by the finance industry. ...
Citigroup, Inc. ...
History
Founded in 1812 as the City Bank of New York by a group of New York merchants, the bank's first head was Samuel Osgood, who had been the U.S.A.'s first Postmaster General. Subsequently, ownership and management of the bank was taken over by Moses Taylor, one of the giants of business world in the 19th century (and adjusting for inflation, one of the richest men ever). During Taylor's ascendancy, the bank functioned largely as a treasury and finance center for Taylor's own extensive business empire. Image File history File links Download high resolution version (2580x1636, 1112 KB)Citibank branch in Chinatown district of Lower Manhattan (New York City, New York, USA). ...
Image File history File links Download high resolution version (2580x1636, 1112 KB)Citibank branch in Chinatown district of Lower Manhattan (New York City, New York, USA). ...
Manhattans Chinatown in 1995, with 1 World Trade Center (the North Tower) in the background. ...
Nickname The Big Apple, The Capital of the World [1], Gotham Government Counties (Boroughs) Bronx (The Bronx) New York (Manhattan) Queens (Queens) Kings (Brooklyn) Richmond (Staten Island) Mayor Michael Bloomberg (R) Geographical characteristics Area - City - Land - Water - Urban - Metro 1,214. ...
1812 was a leap year starting on Wednesday (see link for calendar). ...
Samuel Osgood (February 3, 1747– August 12, 1813) was an American merchant and statesman from Andover, Massachusetts. ...
In 1865 the bank joined the U.S.'s new national banking system and became The National City Bank of New York. By 1894, it was considered one of the largest banks in the United States, and in 1897, it became the first major U.S. bank to establish a foreign department. In 1913 it was the first contributor to the Federal Reserve Bank of New York. 1865 (MDCCCLXV) is a common year starting on Sunday. ...
1894 (MDCCCXCIV) was a common year starting on Monday (see link for calendar). ...
1897 (MDCCCXCVII) was a common year starting on Friday (see link for calendar). ...
1913 (MCMXIII) was a common year starting on Wednesday. ...
National City became the first U.S. national bank to open an overseas banking office when its branch in Buenos Aires, Argentina was opened in 1914. Many of Citi's present international offices are older; offices in London, Shanghai, Calcutta and elsewhere were opened in 1901 and 1902 by the International Banking Corporation (IBC), a company chartered to conduct banking business outside the U.S., at that time an activity time forbidden to U.S. national banks. In 1918, IBC became a wholly owned subsidiary and was subsequently merged into the bank. By 1919 the bank had become the first U.S. bank to have $ 1 billion in assets.
Charles E. Mitchell was elected president in 1921 and in 1929 was made chairman, a position he held until 1933. Under Mitchell the bank expanded rapidly and by 1930 had 100 branches in 23 countries outside the United States. 1921 (MCMXXI) was a common year starting on Saturday (see link for calendar). ...
1929 (MCMXXIX) was a common year starting on Tuesday (link will take you to calendar). ...
1933 (MCMXXXIII) was a common year starting on Sunday (link will take you to calendar). ...
1930 (MCMXXX) is a common year starting on Wednesday. ...
In 1952, James Stillman Rockefeller was elected president and then chairman in 1959, serving until 1967. Following its merger with the First National Bank, the bank changed its name to The First National City Bank of New York in 1955, then shortened it to First National City Bank in 1962, and ultimately changed it to Citibank in 1976. By that time, the bank had created its own "one-bank holding company" and had become a wholly-owned subsidiary of that company, Citicorp (all shareholders of the bank became shareholders of the new corporation, which became the bank's sole owner). 1952 (MCMLII) was a Leap year starting on Tuesday (link will take you to calendar). ...
James Stillman Rockefeller (June 8, 1902 - August 10, 2004) was a member of the prominent United States Rockefeller family. ...
1959 (MCMLIX) was a common year starting on Thursday of the Gregorian calendar. ...
1967 (MCMLXVII) was a common year starting on Sunday of the Gregorian calendar (the link is to a full 1967 calendar). ...
1955 (MCMLV) was a common year starting on Saturday of the Gregorian calendar. ...
1962 (MCMLXII) was a common year starting on Monday (the link is to a full 1962 calendar). ...
1976 (MCMLXXVI) was a leap year starting on Thursday (the link is to a full 1976 calendar). ...
Citibank was founded in 1812 as City Bank of New York. ...
In 1981, Citibank chartered a South Dakota subsidiary 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). In many other states, usury laws prevented banks from charging interest in keeping with the extremely costs of borrowing in the late 1970s and early 1980s, making consumer lending unprofitable. 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ...
Official language(s) English Capital Pierre Largest city Sioux Falls Area Ranked 17th - Total 77,163 sq. ...
Citibank was one of the first U.S. banks to introduce automatic teller machines in the 1970s, in order to 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, automated teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without...
The 1970s decade refers to the years from 1971 to 1980, inclusive. ...
Citibank's operations in California are fairly recent, since it bought out Cal-Fed in 2001. Also in 2001, Citibank settled a class action lawsuit for improperly assessing late fees. The suit was for 45 million dollars. Following this Citibank lobbied in Congress to pass legislation that would limit class action lawsuits to 5 million dollars unless they were initiated on a federal level. Some consumer advocate websites report that Citibank is still improperly assessing late fees. Official language(s) English Capital Sacramento Largest city Los Angeles Area Ranked 3rd - Total 158,302 sq. ...
2001: A Space Odyssey. ...
In August of 2004, Citibank entered the Texas market with the purchase of First American Bank of Bryan, Texas. The deal established Citigroup's retail banking presence in Texas, giving Citibank over 100 branches, $3.5 billion in assets and approximately 120,000 new customers in the state. First American Bank was renamed Citibank Texas after the take-over was completed on March 31, 2005. 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...
Official language(s) See: Languages of Texas Capital Austin Largest city Houston Area Ranked 2nd - Total 268,581 sq. ...
Location in the state of Texas County Brazos County, Texas Area - Total - Water 112. ...
Official language(s) See: Languages of Texas Capital Austin Largest city Houston Area Ranked 2nd - Total 268,581 sq. ...
March 31 is the 90th day of the year in the Gregorian Calendar (91st in Leap years), with 275 days remaining. ...
2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...
It is hoped that with both California and Texas markets, Citibank can appeal to both states' Latino population, and offer products on both sides of the border through Citibank in the U.S., and Banamex (Citigroup's Mexican division) in Mexico. The word Latino derives from the Spanish word Latinoamericano and is generally applied to inhabitants of Latin America and their descendents living outside of Latin America. ...
Banco Nacional de México or Banamex is Mexicos largest bank, belonging to the group that bears its name, Grupo Financiero Banamex. ...
Citigroup, Inc. ...
Citibank has operations in more than 100 countries and territories around the world. More than half of its 1,400 offices are in the United States, mostly in the New York City, Chicago, Miami, and Washington DC metropolitan areas, as well as in California. 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. ...
Nickname The Windy City Motto Urbs In Horto (Latin: City in a Garden), I Will Location Location in Chicagoland Government Country State Counties United States Illinois Cook, DuPage Mayor Richard M. Daley (D) Geographical characteristics Area - City - Land - Water - Urban - Metro 606. ...
The Magic City, The American Riviera, The Sixth Borough Location of Miami in Miami-Dade County, Florida. ...
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...
Official language(s) English Capital Sacramento Largest city Los Angeles Area Ranked 3rd - Total 158,302 sq. ...
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, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. ...
Credit cards An array of various credit cards. ...
In April of 2006, Citibank struck a deal with 7-Eleven to put its ATMs in over 5,500 convenience stores in the U.S. 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...
7-Eleven is an international conglomerate which operates the largest chain of convenience stores in twenty countries including: Canada, United States, Mexico and Puerto Rico in the Americas; Norway, Sweden and Denmark in Europe; Peoples Republic of China, Republic of China (Taiwan), Hong Kong, South Korea and Japan in...
Smaller indoor ATMs dispense money inside convenience stores and other busy areas. ...
Citibank subsidiaries - Citibank, N.A. - The "original" Citibank, primarily doing business in New York State and the tri-state New York City metropolitan area. Also the parent company of the other subsidiaries.
- Citibank Texas, N.A. - The former First American bank.
- Citibank (West), F.S.B. - The former Citicorp Savings (a savings and loan operating in California), as well as the former California Federal Bank and Golden State Bank.
- Citibank, F.S.B. - The primary Citibank subsidiary serving all other states, based in Chicago.
- Citibank (South Dakota), N.A. - A credit card and lending-only bank based in South Dakota, including the former Universal Bank and Associates National Bank.
A savings and loan association is a financial institution which specializes in accepting savings deposits and making mortgage loans. ...
Miscellaneous financials - Fiscal year end: December
- 2005 Sales (in mil.) $83,642
- 2005 Net Income (mil.) $24, 589
- 2006 Employees 300,000
2005 Year End Assets $1.5 Trillion
Key people William R. Rhodes (Bill) is the Chairman of Citicorp. ...
Charles Price is the chief executive officer of Citigroup. ...
The Chief Financial Officer (CFO) of a company is the corporate officer primarily responsible for managing the financial risks of a business. ...
HRH Price Alwaleed Bin Talal Bin Abdulaziz Al Saud HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, born in 1955 and usually known simply as Prince Alwaleed, is a member of the Saudi Royal Family who has amassed an independent fortune through investments in shares and property. ...
Competitors Typical Bank of America consumer banking center Bank of America (BofA) NYSE: BAC TYO: 8648 , based in Charlotte, North Carolina, is the third largest commercial bank in the United States of America, measured in assets, and the fourth-largest company in the world by the 2005 Forbes Global 2000. ...
J.P. Morgan Chase & Co. ...
A typical Wells Fargo store, located in Berkeley, California Wells Fargo & Co. ...
Wachovia Corporation NYSE: WB, based in Charlotte, North Carolina is one of the largest banking chains in the United States. ...
Deutsche Bank AG NYSE: DB (German for German Bank) is a multinational bank operating worldwide and employing almost 64,000 people (Dec. ...
Trivia - In early 2006 Citibank began operating ATM's at 7-Eleven stores.
7-Eleven is an international conglomerate which operates the largest chain of convenience stores in twenty countries including: Canada, United States, Mexico and Puerto Rico in the Americas; Norway, Sweden and Denmark in Europe; Peoples Republic of China, Republic of China (Taiwan), Hong Kong, South Korea and Japan in...
See also - Vladimir Levin is the pseudonym of the mastermind of a group of hackers that stole $10 million from Citibank
- Citigroup is the parent company of Citibank
- Citigold
Vladimir Levin is the handle of the mathematician who is alleged to be the mastermind of the Russian hacker gang that stole US$10 million from Citibanks computer system. ...
Citigroup, Inc. ...
Citigold is the wealth management Division of Citibank, part of Citigroup. ...
External links - Citibank official web site
- Citibank history timeline
- Citibank Credit Cards
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