Citibank 2011 Annual Report Download - page 178

156
4. BUSINESS SEGMENTS
Citigroup is a diversified bank holding company whose businesses provide
a broad range of financial services to Consumer and Corporate customers
around the world. The Company’s activities are conducted through the
Global Consumer Banking (GCB), Institutional Clients Group (ICG),
Citi Holdings and Corporate/Other business segments.
The Global Consumer Banking segment includes a global, full-service
Consumer franchise delivering a wide array of banking, credit card lending,
and investment services through a network of local branches, offices and
electronic delivery systems and is composed of four Regional Consumer
Banking (RCB) businesses: North America, EMEA, Latin America and Asia.
The Company’s ICG segment is composed of Securities and Banking and
Transaction Services and provides corporations, governments, institutions
and investors in approximately 100 countries with a broad range of banking
and financial products and services.
The Citi Holdings segment is composed of Brokerage and Asset
Management, Local Consumer Lending and Special Asset Pool.
Corporate/Other includes net treasury results, unallocated corporate
expenses, offsets to certain line-item reclassifications (eliminations), the
results of discontinued operations and unallocated taxes.
The accounting policies of these reportable segments are the same as
those disclosed in Note 1 to the Consolidated Financial Statements.
The prior-period balances reflect reclassifications to conform the
presentation in those periods to the current period’s presentation. These
reclassifications related to Citi’s re-allocation of certain expenses between
businesses and segments and the transfer of certain commercial market
loans from GCB to ICG.
The following table presents certain information regarding the Company’s
continuing operations by segment:
Revenues,
net of interest expense (1)
Provision (benefit)
for income taxes
Income (loss) from
continuing operations (1)(2)
Identifiable
assets
at year end
In millions of dollars, except
identifiable assets in billions 2011   2011   2011   2011 
Global Consumer Banking $32,585    $ 2,601     $ 6,196     $ 340  
Institutional Clients Group 31,986   2,845   8,302   979 
3UBTOTALæ#ITICORP $64,571    $ 5,446     $14,498   $1,319 
#ITIæ(OLDINGS 12,896   (1,161)   (2,524)   269 
#ORPORATE/THERæ 886   (764)   (871)   286 
Total $78,353    $ 3,521    $11,103    $1,874 
æ )NCLUDESæ#ITICORPæTOTALæREVENUESæNETæOFæINTERESTæEXPENSEæINæNorth AmericaæOFææBILLIONææBILLIONæANDææBILLIONæINæEMEAæOFææBILLIONææBILLIONæANDææBILLIONæINæLatin AmericaæOFææBILLIONæ
æBILLIONæANDææBILLIONæANDæINæAsiaæOFææBILLIONææBILLIONæANDææBILLIONæINæææANDææRESPECTIVELYæ2EGIONALæNUMBERSæEXCLUDEæ#ITIæ(OLDINGSæANDæCorporate/OtheræWHICHæLARGELYæOPERATEæ
WITHINæTHEæ53
æ )NCLUDESæPRETAXæPROVISIONSæCREDITSæFORæCREDITæLOSSESæANDæFORæBENEFITSæANDæCLAIMSæINæTHEæGCBæRESULTSæOFææBILLIONææBILLIONæANDææBILLIONæINæTHEæICG RESULTSæOFææMILLIONææMILLIONæANDææBILLIONæANDæINæTHEææ
#ITIæ(OLDINGSæRESULTSæOFææBILLIONææBILLIONæANDææBILLIONæFORæææANDææRESPECTIVELY