Citibank 2012 Annual Report Download - page 26

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OVERVIEW
Citigroup’s history dates back to the founding of Citibank in 1812.
Citigroup’s original corporate predecessor was incorporated in 1988 under
the laws of the State of Delaware. Following a series of transactions over a
number of years, Citigroup Inc. was formed in 1998 upon the merger of
Citicorp and Travelers Group Inc.
Citigroup is a global diversified financial services holding company whose
businesses provide consumers, corporations, governments and institutions
with a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities brokerage,
transaction services and wealth management. Citi has approximately
200 million customer accounts and does business in more than 160
countries and jurisdictions.
Citigroup currently operates, for management reporting purposes, via two
primary business segments: Citicorp, consisting of Citi’s Global Consumer
Banking businesses and Institutional Clients Group; and Citi Holdings,
consisting of Brokerage and Asset Management, Local Consumer Lending
and Special Asset Pool. For a further description of the business segments
and the products and services they provide, see “Citigroup Segments” below,
“Management’s Discussion and Analysis of Financial Condition and Results
of Operations” and Note 4 to the Consolidated Financial Statements.
Throughout this report, “Citigroup,” “Citi” and “the Company” refer to
Citigroup Inc. and its consolidated subsidiaries.
Additional information about Citigroup is available on Citi’s website
at www.citigroup.com. Citigroup’s recent annual reports on Form 10-K,
quarterly reports on Form 10-Q, proxy statements, as well as other filings
with the SEC, are available free of charge through Citi’s website by clicking
on the “Investors” page and selecting “All SEC Filings.” The SEC’s website
also contains current reports, information statements, and other information
regarding Citi at www.sec.gov.
Within this Form 10-K, please refer to the tables of contents on pages 3
and 139 for page references to Management’s Discussion and Analysis of
Financial Condition and Results of Operations and Notes to Consolidated
Financial Statements, respectively.
Certain reclassifications have been made to the prior periods’ financial
statements to conform to the current period’s presentation. For information
on certain recent such reclassifications, including the transfer of the
substantial majority of Citi’s retail partner cards businesses (which are now
referred to as Citi retail services) from Citi Holdings—Local Consumer
Lending to Citicorp—North America Regional Consumer Banking,
which was effective January 1, 2012, see Citi’s Form 8-K furnished to the SEC
on March 26, 2012.
At December 31, 2012, Citi had approximately 259,000 full-time
employees compared to approximately 266,000 full-time employees at
December 31, 2011.
Please see “Risk Factors” below for a discussion of the
most significant risks and uncertainties that could impact
Citigroup’s businesses, financial condition and results of
operations.