Citigroup Inc.

What does Citigroup own?
Citigroup owns Citibank (retail banking), Citi Cards (credit cards including Citi AAdvantage, Citi ThankYou, Citi Double Cash), Citi Private Bank (wealth management), Citi Global Markets (investment banking and securities trading), and wealth management operations. In 2025, Citi sold a 25% equity stake in Banamex, its Mexican banking subsidiary, with plans to IPO the remaining stake. Citi closed the sale of AO Citibank in Russia in February 2026.

Is Citigroup publicly traded?
Yes, Citigroup Inc. is publicly traded on the New York Stock Exchange under ticker symbol C. The company has been publicly traded since the merger in 1998, with predecessor companies having public trading histories dating back to the 19th century.

Who founded Citigroup?
Citigroup was formed on October 8, 1998, through the merger of Citicorp and Travelers Group. The merger was led by Travelers CEO Sanford Weill and Citicorp CEO John Reed. Citicorp traced its origins to 1812 with the founding of City Bank of New York, which later became Citibank.

Where is Citigroup headquartered?
Citigroup is headquartered in New York City, New York, USA. The company maintains major operational centers in London, Hong Kong, Singapore, Tokyo, and other financial hubs worldwide, operating in approximately 90 countries.

How many employees does Citigroup have?
Citigroup employs approximately 219,000 people worldwide as of 2025, down from approximately 230,000 a year earlier. The company announced plans in January 2024 to cut 20,000 jobs by the end of 2025 as part of its reorganization under CEO Jane Fraser.

Who owns Citigroup?
Citigroup is publicly owned with a dispersed shareholder base. Institutional investors hold the majority of shares, with no single controlling shareholder. Major institutional shareholders include Vanguard Group, BlackRock, and State Street Global Advisors, typical of large-cap financial institutions.

What is Citigroup's revenue?
For FY2025, Citigroup reported revenues of $85.2 billion, up 6% from $80.7 billion in 2024. Net income was $14.3 billion, or $6.99 per diluted share. Excluding notable items (Russia-related charge and Banamex goodwill impairment), net income was $16.1 billion, or $7.97 per share. Net interest income was $59.8 billion and non-interest revenue was $25.4 billion.

What is Citi's transformation program?
Citi's multiyear transformation, launched in response to 2020 FRB and OCC consent orders, focuses on modernizing technology, improving data governance, strengthening risk management, and simplifying operations. As of December 2025, over 80% of transformation programs were at or near target state. The OCC terminated its July 2024 amendment to the 2020 Consent Order in December 2025. Transformation expenses were approximately $3.3 billion in 2025.

Citigroup was formed on October 8, 1998, through the merger of Citicorp and Travelers Group in a $140 billion deal, creating one of the largest financial services companies in the world. Citicorp traced its origins to 1812 with the founding of City Bank of New York, which later became Citibank.

Throughout the 19th and 20th centuries, Citibank grew from a New York City bank into a global banking powerhouse. The company pioneered many banking innovations, including ATM networks, credit cards, and international banking services. By the 1990s, Citibank had established a significant presence in over 90 countries.

Travelers Group was founded in 1987 by Sanford Weill through the acquisition of various insurance and financial services companies. The company grew rapidly through acquisitions, including Primerica and Shearson Lehman, becoming a major player in insurance and securities.

The 1998 merger combined Citibank's global banking franchise with Travelers' insurance and securities operations. In 2002, Citigroup spun off Travelers Property & Casualty, focusing on banking and financial services. The company faced significant challenges during the 2008 financial crisis, receiving $20 billion in capital from the U.S. Treasury and guarantees for $306 billion in troubled assets. Citi repaid the government assistance and returned to profitability.

In 2021, Jane Fraser became CEO, the first woman to lead a major Wall Street bank. Fraser launched a comprehensive reorganization to simplify Citi's structure, divest international consumer banking operations, and address long-standing regulatory deficiencies. Under her leadership, Citi has divested consumer banking businesses in multiple countries, reorganized into five business segments, and invested heavily in a multiyear transformation program to modernize technology, data governance, and risk management.

In 2025, Citi completed the sale of a 25% equity stake in Banamex, its Mexican banking subsidiary, with plans for an IPO of the remaining stake. On February 18, 2026, Citi closed the sale of AO Citibank in Russia to Renaissance Capital, completing its exit from the country. In December 2025, the OCC terminated its July 2024 amendment to Citibank's 2020 Consent Order, marking significant progress in Citi's regulatory remediation efforts.

Citigroup has established sustainability and ethical practices focused on environmental responsibility, social impact, and corporate governance.

Citi has committed to achieving net-zero emissions by 2050 and financing $1 trillion in sustainable finance activities by 2030. The company has committed to ending financing for thermal coal mining by 2030 and has increased renewable energy financing. Citi achieved carbon neutrality in its global operations.

The Citi Foundation has committed over $1 billion to community development and financial inclusion programs worldwide. The company focuses on promoting financial inclusion, supporting small businesses, and funding educational initiatives in underserved communities.

Citi's multiyear transformation program addresses regulatory consent orders from the Federal Reserve and OCC issued in 2020. The transformation focuses on modernizing technology, improving data governance, strengthening risk management, and simplifying operations. As of December 2025, over 80% of transformation programs were at or near target state. The OCC terminated its July 2024 amendment to Citibank's 2020 Consent Order in December 2025. Transformation-related expenses were approximately $3.3 billion in 2025, up 14% from the prior year.

Citi is not a Certified B Corporation. Its sustainability reporting is published annually through its ESG report and TCFD-aligned climate disclosures.

Citigroup has received recognition for banking excellence, sustainability leadership, and workplace diversity:

• Euromoney Awards: Recognition for global banking and transaction services
• Sustainability Leadership: Recognition for environmental financing initiatives and sustainable banking practices
• Workplace Diversity: Awards for diversity and inclusion programs, particularly women in leadership positions under CEO Jane Fraser
• Digital Innovation: Awards for mobile banking applications, digital payment solutions, and fintech partnerships
• Credit Card Leadership: Recognition for credit card products and loyalty programs

These recognitions are based on independent rankings and industry assessments, not self-awarded claims.

Citigroup has faced significant regulatory scrutiny throughout its history as a major global financial institution.

The 2008 financial crisis was Citi's most significant challenge, requiring $20 billion in capital from the U.S. Treasury and guarantees for $306 billion in troubled assets. The crisis exposed weaknesses in risk management and led to comprehensive regulatory reforms and new leadership.

In 2020, Citigroup agreed to pay $400 million to resolve OCC allegations of inadequate risk management and internal controls. The Federal Reserve and OCC issued consent orders requiring Citi to implement extensive remediation plans. The company has invested billions in its multiyear transformation to address these deficiencies. In December 2025, the OCC terminated its July 2024 amendment to the 2020 Consent Order, marking progress in regulatory remediation. The FRB consent order remains in place.

Citi has faced ongoing scrutiny regarding anti-money laundering controls. In 2018, the company agreed to pay $70 million to resolve allegations of inadequate AML controls. The company has invested significantly in compliance systems and monitoring capabilities.

In January 2024, Citi announced plans to cut 20,000 jobs by the end of 2025 as part of its reorganization. The layoffs drew criticism from employees and labor organizations. By mid-2025, headcount had declined approximately 5% year over year to approximately 219,000.

The Banamex divestiture process has drawn attention in Mexico, where Citi announced plans to IPO its remaining stake in the Mexican banking subsidiary. The 2025 sale of a 25% equity stake included a $726 million goodwill impairment charge.

As a G-SIB, Citi is subject to enhanced regulatory oversight including stress testing, capital requirements, resolution planning, and systemic risk oversight by the Financial Stability Oversight Council.