Citibank was originally habitually called "Citi" by Shanghai residents. As a retail bank under Citigroup, Citibank originated from new york City Bank in 1812. After nearly two centuries of development and mergers and acquisitions, Citibank has established an extensive business network around the world and provided comprehensive financial services to its customers.
Citibank has become one of the largest banks in the United States, with branches in 15 countries around the world. The bank started its credit card business in China in 212.
However, according to the quarterly report for 221, Citibank plans to withdraw from the retail banking business in 13 markets, including China and India, focus on wealth management business, and provide services such as private banking, cash management and investment banking for institutional customers.
Unfortunately, in 222, Citibank was placed on the sanctions list by Russian President Vladimir Putin.
from December 15th, 222, the bank issued an announcement to gradually close the personal banking business in Chinese mainland. This shows that Citibank will stop providing banking services to individual customers and focus on other business areas.
these decisions and adjustments reflect the changes in banking business and market demand, so as to better adapt to and meet the needs of customers.
which country is Citibank from?
Citibank is American. Citibank is a comprehensive financial institution, covering retail banking, corporate banking, capital markets, wealth management and insurance. Retail banks provide personal bank accounts, credit cards, loans and savings services. Corporate banks are committed to providing enterprises with solutions such as bank accounts, loans and risk management.
Capital market business involves securities custody, investment banking and bond trading. Wealth management and insurance business include investment consulting, financial planning and insurance protection. Citibank meets the financial needs of different customers through diversified business areas.