Citigroup Inc

Citi Group is an American multinational investment bank and financial services corporation headquartered in New York City. It serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions.

Citigroup’s origins date to the early 19th century. In 1811, the U.S. Congress refused to renew the charter of the First Bank of the United States: the country’s central bank, which had branches in cities such as New York. Thus, on June 16, 1812, some of the First Bank’s New York shareholders and other investors secured state incorporation of the City Bank of New York, which was later established in the branch banking rooms of the old First Bank. The bank grew as New York City became the nation’s commercial and financial capital, and in 1865 it was chartered under the National Bank Act and renamed the National City Bank of New York. 

In 1897, it became the first large American bank to open a foreign department and, in 1915, became America’s leading international bank upon the purchase of International Banking Corporation (founded 1902), which had 21 overseas offices in 13 countries and territories. Other mergers and acquisitions in the United States and overseas expanded the bank. 

Notably, in 1931, it acquired the Bank of America, N.A. (another descendant of the First Bank of the United States and no relation to the former California-based bank founded by Amadeo Peter Giannini). In 1955, it merged with the First National Bank of the City of New York (founded in 1863). Upon the latter merger, the consolidated company took the name of First National City Bank of New York. The company was later on, formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998.

Citi’s mission is to responsibly provide financial services that enable growth and economic progress.

Citigroup vision statement is: "We believe that excellence in consulting requires client advocacy and stewardship, a passion for leading-edge investment solutions and the delivery of experienced consulting services in a way that helps us exceed our clients expectations every day."