Citigroup

Citigroup is an American multinational theory dealing with a record and budgetary organizations undertaking headquartered in Manhattan, New York City. Citigroup was molded from one of the world's greatest mergers in history by uniting the keeping cash goliath Citicorp and budgetary mix Travelers Group in October 1998. Bank holding association in the US by assets. Its greatest shareholders fuse resources from the Middle East and Singapore. At its stature until the overall financial crisis of 2008, Citigroup was the greatest association and bank on the planet as measured by total assets, with 357,000 employees. In 2007, Citigroup was one of the fundamental vendors in US Treasury securities. Citigroup had the world's greatest cash related organizations framework, spreading more than 140 countries with about 16,000 work environments around the globe. It holds more than 200 million customer records in more than 140 countries.

Citigroup persevered through massive adversities in the midst of the overall budgetary crisis of 2008 and was spared in November 2008 in a tremendous support group by the U.S. government.[10] On February 27, 2009, Citigroup reported that the U.S. government would take a 36% quality stake in the association by changing over US$25 billion in emergency help into consistent stock with a US Treasury credit line of $45 billion to keep the section 11 of the greatest bank on the planet at the time. The lawmaking body guaranteed mishaps on more than $300 billion irritated assets and implanted $20 billion speedily into the association. In kind, the remuneration of the CEO was set at $1 consistently and the most hoisted pay of agents was constrained to $500,000 in genuine cash. Any pay total above $500,000 must be paid with bound stock that couldn't be sold by the delegate until the emergency government help was repaid in full. The U.S. government similarly got control of a vast segment of the seats in the Board of Directors, and the senior organization was subjected to departure by the US government if there were poor execution. By December 2009, the U.S. government stake was diminished from a 36% stake to a 27% stake, after Citigroup sold $21 billion of ordinary shares and esteem in the greatest single offer arrangement in U.S. history, surpassing Bank of America's $19 billion offer arrangement one month prior. By December 2010, Citigroup repaid the emergency help in full and the U.S. government got an additional $12 billion advantage in offering its shares. US Government confinements on pay and oversight of the senior organization were removed after the US government sold its staying 27% stake as of December 2010. 

Beginning 2009, Citigroup was one of the Big Four banks in the United States, with Bank of America, JP Morgan Chase and Wells Fargo.

As of June 2012, the year of Citi's 200th celebration, Citigroup had added to an enormous exchange save out the wake of the fiscal crisis with $420 billion in surplus liquid cash and government securities. As of Q1 2012, Citi had a level 1 capital extent of 12.4%, making Citi one of the best-advanced budgetary associations on the planet after billions of dollars in disasters from the money related crisis. This was a result of offering more than $500 billion of its unprecedented assets put in Citi Holdings, which were guaranteed from adversities by the US Treasury while under chose larger part ownership. A one of a kind IRS charge exclusion given to Citi allowed the US Treasury to offer its shares at an advantage, while notwithstanding it asserted Citigroup offers, which over the long haul netted $12 billion. By agent Nayyera Haq, "This (IRS charge) rule was expected to keep corporate marauders from using setback ventures to evade forces, and was never proposed to address the surprising condition where the organization had offers in banks. Likewise, it was absolutely not made to keep the council from offering its shares for a profit." In 2012, Citigroup situated twentieth in size under the Fortune 500 summary. In examination, JPMorgan Chase, which situated sixteenth, was the greatest bank in US.