![]() She added, “while the other 13 markets have excellent businesses, we don’t have the scale we need to compete. “Citigroup’s Institutional Clients Group will continue to serve clients in these markets, which remain important to Citi’s global network,” a statement from the company said.ĬEO Jane Fraser: “Let me be clear on one very important point: Citi will continue to invest behind and serve our institutional clients in these thirteen markets.” Citigroup was founded on Octoand is headquartered in New York, NY.Citi intends to exit from its retail banking operations in thirteen markets across the two regions which include Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam. The Corporate/Other segment includes net treasury results, unallocated corporate expenses, offsets to certain line-item reclassifications, the results of discontinued operations and unallocated taxes. The Citi Holdings segment consists of Citi’s brokerage and asset management and local consumer lending businesses, and a special asset pool. The Institutional Clients Group segment is composed of Securities and Banking and Transaction Services and provides corporations, governments, institutions and investors with a broad range of banking and financial products and services. 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. The company operates through two 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. 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. ![]() ![]() profile and corporate videoĬitigroup, Inc. ![]()
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