What was the 200th anniversary of Citi Bank?

This year, Citi marks its 200th anniversary on planet Earth. And as with the other banking and wealth creation histories we’ve recently told, the tale of Citi is a heady mix of patriotism and gore. The bank was instrumental in supporting the country’s rise to world power at the turn of the last century.

What’s the history of the bank Citigroup?

Citigroup’s roots stretch back more than 200 years, to the founding of the City Bank of New York in 1812. Since then, the bank has played an instrumental role in financing the growth engines of American industry, from the iron and steel industries in the 19th century to the infrastructure and transportation industries in the 20th century.

What was the stock price of Citigroup in 2000?

Historical daily share price chart and data for Citigroup since 1977 adjusted for splits. The latest closing stock price for Citigroup as of April 16, 2020 is 40.52. The all-time high Citigroup stock closing price was 588.80 on August 28, 2000. The Citigroup 52-week high stock price is 83.11, which is 105.1% above the current share price.

How many employees does Citigroup have in the world?

Citigroup has over 200 million customer accounts and does business in more than 160 countries. It has 204,000 employees, although it had 357,000 employees before the financial crisis of 2007–2008, when it was bailed out by a massive stimulus package from the U.S. government. In 2020 it has over $23.6 trillion dollars in assets under custody (AUC)

When was the last time Citigroup had a loss?

1987: Citicorp sets aside a $3 billion reserve fund as a provision against potentially bad Third World loans and also posts a $1.2 billion loss for the year. 1991: Restructuring and other charges result in an $885 million loss for the third quarter, and company shareholders do not receive a quarterly dividend for the first time since 1813.

Who was the first president of Citi Bank?

Moses Taylor was the bank’s most important president of the 19th century. He first became involved with the bank after the Panic of 1837, and slowly acquired a controlling interest. In 1856, he was named president, and served until 1882. Source: Encyclopedia of American business history, Vol. 1

Who was the CEO of Citi in 1998?

While serving as CEO of a mid-size credit and insurance firm, Weill bought Primerica, which had itself just purchased Smith Barney. Travelers, Aetna and Shearson followed. Meanwhile, Citicorp had once again become the largest bank holding company in the world by 1993. Finally in 1998, Citigroup Inc. is born.