About Business
Citigroup is a prominent investment bank and financial services company based in New York City. This American company was founded in 1998 on 8th October with the efforts of the merger of Citicorp and Travelers to form a world?s largest financial services company. However, the Travelers soon backed out in 2002. As of now, Citigroup falls under the top banking institutions in the U.S., alongside Bank of America, JPMorgan Chase, and Wells Fargo. The Financial Stability Board is considered one of the systemically important banks. Also, it falls under the best eight global investment banks under the Bulge Bracket. Moreover, it ranked 36th in the Fortune 500 and 24th in the Forbes Global 2000.
