Citibank (Chinese name "Citibank" comes from the customary name of Shanghai residents) is a retail bank under Citigroup. Its main predecessor was "new york City Bank" which was established in June 2002 18 16. After nearly two centuries of development and mergers and acquisitions, it has become the largest in the United States. 201September 19, Citibank (China) Co., Ltd. announced the official operation of its credit card business in China.

On April 5th, 20021local time, Citibank announced in its quarterly report that it planned to withdraw from the retail banking business in 13 market, including China and India, and said that it would focus on wealth management business in these regions, that is, it would continue to provide private banking, cash management and investment banking services to institutional customers in these markets.