Pestel Analysis of Citi Bank

Citigroup Inc. (branded Citi) is a major American pecuniary function caller based in New York City. Citigroup was formed from one of the mans largest amalgamations in storey by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, 1998.[2] Citigroup Inc. has the worlds largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company employs approximately 260,000 staff nigh the world, and holds over 200 million customer accounts in more than than 140 countries. It is a primary dealer in US Treasury securities[3]. Citigroup suffered huge losses during the global financial crisis of 2008 and was carry through in November 2008 in a massive bailout by the U.S. government.[4] Its largest plowholders embroil funds from the Middle East and Singapore.[5] On February 27, 2009, Citigroup announced that the fall in States government would take a 36% paleness mail service in the company by converting $25 billion in emergency aid into common shares; the stake was reduced to 27% after Citigroup sold $21 billion of common shares and equity in the largest single share sale in US history, surpassing strand of Americas $19 billion share sale one month prior.

Citigroup is one of the Big iv banks in the United States, along with Bank of America, JP Morgan Chase and swell Fargo. Citigroup was formed on October 9, 1998, following the $140 billion merger of Citicorp and Travelers Group to create the worlds largest financial services organization.[2] The history of the company is, thus, divided into the workings of several firms that over season amalgamated into Citicorp, a multinational banking corporation operating in more than 100 countries; or Travelers Group, whose businesses covered credit services, consumer finance, brokerage, and insurance. As such, the company history dates back to the founding of: the City Bank of New York (later Citibank) in 1812; Bank Handlowy in 1870; Smith Barney in 1873,... If you want to get a full essay, order it on our website: Orderessay

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