Citigroup Inc. or the city of Manhattan, is an American company of multinational investment banks and financial services company based in New York. Citigroup, the banking giant Citicorp and financial conglomerate Travelers Group in October 1998 in January since April 7, 2015, the combination was announced in 1998, one of the largest merger in the history of the world was formed by a it is the third largest company in real estate banking book as the United States. The largest shareholder was the agents in the Middle East and Singapore. The staff of 357,000, the total assets valued at its height, until the global financial crisis of 2008, the biggest companies and banks Citigroup was the world. In 2007, Citigroup was one of the main distributors of US Treasury securities. [9] Citigroup covers worldwide over 16,000 offices and 140 countries had more financial services network in the world. He's in over 140 countries worldwide and holds two million customer accounts.
Citigroup, was rescued in November 2008 in a large-scale economic stimulus measures by the US government have suffered heavy losses in 2008 during the global financial crisis of the year. February 27, 2009 Citigroup, $ 2.5 billion conversion to the US emergency aid to the United States Government is the stock in the current line of credit of $ 4.5 billion of US government bonds to prevent 36% of the share capital of the company receiving bankruptcy of the largest bank in the world the day announced he is. The State guarantees the loss of more than $ 30 billion of troubled assets and directly to the company $ 20 billion injection. In return, the salary of the Chief Executive Officer (CEO) of the year will set the highest salary workers $ 1, $ 500,000 have limited cash. $ 50 million more than any amount of compensation is, until the government emergency aid is repaid in full, it will be paid in restricted stock that can not be sold by the employee. The US government is also available when control of half the seats of a decrease in the performance of the board and management board, received by the withdrawal of the US government. Citigroup is beyond the sale of shares $ 19 billion bank later, after selling $ 21 billion of shares and the common shares into one larger stock selling in the history of the United States in December 2009, the United States Government He shares a month before the US, which increased from 36% to 27%. In December 2010, Citigroup paid a full and emergency assistance, the United States government, the interests of the additional $ 1.2 billion were sales of related actions. The Government of the United States, the border of the United States government had to withdraw on the monitoring and wages management, the sale of 27% of the remaining shares in December 2010.
Since 2009, Citigroup, were the United States, one of the four major banks, Bank of America, JP Morgan Chase and Wells Fargo.
Since June 2012, the 200th anniversary of the year of the city, Citigroup had created liquidity in the period after the financial crisis of excess liquidity and $ 42 billion in cash and securities of a huge amount. From the first quarter of 2012, Citi by billions of dollars in losses from the financial crisis, it is one of the financial institutions in the best case in the city of the world, with a Tier 1 ratio to 12.4% capital and it was. This is all under the majority ownership of the Federation, to Citi Holdings, which was guaranteed by the loss of the US Treasury Department, following the sale of the relevant assets of $ 500 billion .. exemption from the special tax IRS any given city could still holds the shares of the final 1200000000 $ compensated by Citigroup, the US Treasury's share of results for sale. According to the spokesman of Finance Nayyera Haq: "It (IRS taxes) rules of the loss of the company to evade taxes, which is designed to stop the invaders from the society, the government of the State shares Bank Treasury to the new position be ready was not designed, it makes the sale of shares to is, was, not written to prevent the government. "In 2012, Citigroup's what rank 20 JP Morgan Chase in the size of the bottom of the Fortune 500 in comparison, it was the largest US bank by ranking No. 16.
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