|Key People||Michael E. O’Neill (Chairman) | Michael L. Corbat (CEO)|
|☎ Telephone number:||+1-888-248-4226|
|? Number of employees:||209,000|
|Number of locations:||2,400 ATMs and 700 branches in the United States|
|ATM locator||Find here|
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Сiti Bank: Introduction
Citi Bank is known for its developed system of online banking. But before diving deeper into the Citi Bank’s system of online banking, one should get to know more information about this financial institution.
The history of Citi Bank can be traced to as early as 1812, when it was founded as City Bank of New York. In particular, the bank was known then for issuing bonds for the War of 1812. At the beginning of the 20th century, Citi Bank became the first American bank to open its offices overseas – other banks were prohibited to do so. By 1919, it had its offices opened in Buenos Aires, London, Calcutta, Shanghai, Moscow, and Petrograd (St. Petersburg). By the same year, it became the first bank to reach $1 billion in assets.
Later, however, Citi Bank acquired many smaller banks and remained a dominant player on the American market. By 1994, the bank became the biggest card issuer in the world. Besides, Citi Bank is also known for its early technology adoption, which makes it one of the most innovative banks in the world. Citi Bank is owned by Citigroup, while also having 11 subsidiaries in different countries.
As of the present time, Citi Bank provides its services not only in the United States, but in 19 countries in different parts of the world. It also issues credit cards for such brands like Hilton, Shell, Staples, The Home Depot, ExxonMobil, ConocoPhilips, and Costco. The company has 11 subsidiaries at the present time: Grupo Financiero Banamex, Citibank Uganda, Citibank Singapore, Bank Handlowy (Citibank in Poland), Citibank Malaysia, Citibank Indonesia, Citibank Hong Kong, Citibank China, Citibank Australia, and Citibank Argentina.