Citibank 2014 Annual Report Download - page 21

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OVERVIEW
Citigroup’s history dates back to the founding of the City Bank of New York
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,
trade and securities services and wealth management. Citi has approximately
200 million customer accounts and does business in more than 160
countries and jurisdictions.
At December 31, 2014, Citi had approximately 241,000 full-time
employees, compared to approximately 251,000 full-time employees at
December 31, 2013.
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 businesses and portfolios of assets that Citigroup has determined
are not central to its core Citicorp businesses. 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 3 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 U.S. Securities and Exchange Commission (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.
Certain reclassifications, including a realignment of certain businesses,
have been made to the prior periods’ financial statements to conform to
the current period’s presentation. For information on certain recent such
reclassifications, see Note 3 to the Consolidated Financial Statements.
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.