Citigroup Inc. (C)
Citigroup Inc.- largest international corporation, which is one of the world leaders in the field of financial services. The Company was formed April 7, 1998 by the merger of Citicorp and Travelers Group. The Bank manages assets worth more than $ 1.9 trillion. Citigroup – the primary dealer of US Treasury securities.
The history of the corporation now known as Citigroup – is the story of two different companies, Citicorp and Travelers Insurance. Citicorp was a global company, serving clients in more than 100 countries
Today, the corporation serves 200 million customers in 139 countries and has more than 2,000 bank branches across 5 continents.
Net profit of Citigroup Inc, one of the three largest banks in the US, increased in the fourth quarter of 2015 by 9.7 times and amounted to $ 3.335 billion.
At the end of 2015 Citigroup had an adjusted net profit of $ 17.08 billion, the highest since 2006. Compared with the previous year figure rose to 49%.
