Financial Management - Citigroup Inc.

[Month, Date & Year]

Financial Management - Citigroup Inc.

Q1. Conduct research and describe the overview of the business, its operations, locations, markets, and lines of business. Collect financial statements for the past three (3) years, fiscal or calendar (please insert these in the appendix). These financial statements must include at least the income statement and the balance sheet.

Company Description

Citibank was received form in the year of 1812, as the' City Bank of New York' first and later, it became 'First National City Bank of New York'. During this era, it has acquired many financial firms such as Salomon Brothers and Smith Barney. Citigroup Inc. is a publically traded corporation based on multinational business services with a capitalization of business for more than $90 billion. The company also offers banking services and insurance to corporations, governments, consumers and institutional investors. In other words, Citigroup Inc. or “group” is considered as one of the most diversified groups in the financial services around the world. Citigroup Inc. is an American company of multinational financial services (Kerr 2011). The company received establish by merging the giant banking groups i.e. Travelers Group and Citicorp in the year of 1998. It is essential as the third largest bank in the United States of America (USA) in terms of issuing and charging credit cards.

Line of Business

Citigroup Inc. is also called as the “group”. Citigroup is branching out into the ID proofing market for an effort to diversify its business. The product portfolio group includes corporate banking, retail banking, asset management and investment banking. Citigroup primarily operates in the United States, Europe, Africa, Middle East and Asia Pacific. The headquarters of Citigroup is located in the New York City. There are around 260,000 employees working as a part of the Citigroup as on 2012.

Markets

Citi Markets gives world class financing solutions and products for enterprises, governments, and institutional and retail investors through its prevailing supporting, deals and exchanging, and appropriation abilities.

Citibank's comprehensive product information and expertise of local markets got a couple with complementary qualities, strengths in innovation, and permits them to offer an extensive variety to consumers through budgetary issues. Citibank address Citibank's requirements with products in all major monetary forms, segments and geologies; and the broadness and profundity of our assets permit them to give them inventive effects. Citi delivers best organizing proficiencies and problem solving, upgraded by Citibank's distributional quality.

The Citigroup's platform get organize around four primary geographic districts: North America, Latin America, Asia, and Europe/middle East/Africa. Citibank has business settings in almost each major city around the globe. In Japan, Citibank keeps up a business sector heading position through Citigroup Global Markets Japan.

Locations

The largest shareholders of the Citigroup are from the Singapore and Middle East. The product portfolio of the group includes the corporate banking, retail banking, asset management and the investment banking. Citigroup primarily operates in the Europe, America, Africa, Asia Pacific and Middle East. It is headquarter is located in the NY - New York City and there are total 259,000 ...