Citibank Final Pptaa
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Transcript of Citibank Final Pptaa
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Citibanks global dominanceand slide in global banking
Submitted byRadhika Babbar (C05)
Geetanjali Rastogi(C14)Tarandeep Deol (C20)
Harshal Arora(C38)
Sarthak Saxena(C39)
Preeti Shah(C53)
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Introduction
Citigroup Inc. or Citi is an American multinational financialservices corporation headquartered in Manhattan, New YorkCity, New York, United States.
Formed from one of the world's largest mergers in history bycombining the banking giant Citicorp and financialconglomerate Travelers Group in October 1998 (announcedon April 7, 1998).
The year 2012 marks Citi's 200th anniversary. It is currentlythe third largest bank holding company in the United Statesby assets.
It is the first bank which establish a foreign department andstarted foreign exchange trading activities.
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Citigroup has the world's largest financial services network,spanning 140 countries with approximately 16,000 officesworldwide.
The company currently employs approximately 260,000 staff
around the world. It also holds over200 million customer accounts in more than
140 countries
According to Forbes, at its height Citigroup used to be thelargest company and bank in the world by total assets with357,000 employees until the global financial crisis of 2008.
Today it is ranked 20th in size under the Fortune 500 list.
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CITIBANK
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It provides financial products and services in the formof consumer banking and credit, corporate andinvestment banking, transaction service.
Net incomeUS $7.541 billion (2012)
Total assetsUS $1.664 trillion
Total EquityUS $189.04 billion
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CONSUMER BUSINESSES
Retail Banking
Citi Branded Cards
Citi Mortgage
Citi Commercial Bank
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INSTITUTIONAL BUSINESSES
Citi Markets
Citi Private Bank
Transaction Services
Corporate & Investment Banking
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AWARDS & RECOGNITION
Newsweek Green Rankings #1 US Bank
Newsweek Magazine
Top Green IT users #8
Computer World Magazine
Outstanding Supporter Award
Community Services of Nevada
Gender Equality Model Certification
National Womens Institute, Mexico
Organization of the Year
Community Housing Council of Fresno
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ENVIRONMENTAL
SUSTAINABILITY Finding the paperless solution
Cutting wastes in South Africa
Saving water across the globe
Helping to develop sustainable banking
principles for Nigeria
Green Team at St. Louis
Infrastructure in Turkey
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A brief history of Citibank and its
global operations
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CITIBANK IN INDIA
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FACTS Citibank began operations in India 109 years ago in 1902 in Kolkata.
It is the largest foreign direct investor in financial services in India witha total capital commitment of approximately USD 4 billion.
It operates 42 full-service Citibank branches in 40 cities and over700
ATMs across the country.
It is an employer of choice to about 7500 people.
It is the preferred bank to more than 40,000 small and mid-sizedcompanies across India.
PRAMIT JHAVERI is the CEO at Citibank India. He joined the bankin 1987.
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Citibank India has been named 'Best Consumer Internet Bank' and 'BestCorporate/Institutional Internet Bank' in India by Global Finance
magazine in 2011.
This is the fourth consecutive year that Citibank India won 'Best ConsumerInternet Bank' award and the second consecutive year that it bagged theBest Corporate/Institutional Internet Bank Award.
Citibank India has been awarded as Best Foreign Bank Brand in theEconomic Times Brand Equity Most Trusted Brands Survey 2011 for the three
consecutive years
Citibank brings in paperless payment system for its
cardholders on January 21, 2013
Citibank offers its first mobile payment solution through Citibank India. Itwill be made available to 320 million Citibank card customers in India.
This development makes Citibank India the first country franchise withinCitigroup to launch an industry innovative mobile payment solution, whichhas been developed with its technology partner Ezetap.
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Amid Economic Turmoil Citi
Recapitalizes. In 2007, As crisis hit the financial world, US backed Citi
Citi reported losing $811 billion in some days
after Merrill Lynch announced that it too had been
losing billions from the subprime mortgage crisis in
the United States.
In late 2007, market conditions began to deteriorate,
home prices started on what became a steep decline,
and residential-mortgage defaults began to rise.
The increasing defaults and subsequent drop in the
values of mortgage-backed securities weakened many
financial institutions, including Citi.
Facing significant losses on its mortgage portfolio,
Citigroup commenced raising capital through public
and private offerings that raised more than $30 billion
over two months in late 2007.
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In 2008, economic conditions deteriorated further, culminating
in the collapse of the 158-year-old Lehman Brothers investment
bank in September, and prompting further upheavals in the
credit and equity markets.
Amid widespread uncertainty in the banking sector, in October
2008 the U.S. government stepped in with the Troubled Asset
Relief Program (TARP).
Initially, this provided a combined $125 billion in preferred
equity to nine major U.S. financial institutions in order to
strengthen their capital positions and boost the broader
economy.
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Citi received $25 billion in TARP capital in October and an
additional $20 billion in capital in November 2008
At the end of 2009, Citi raised $20.5 billion in public equity, used
the proceeds to repay the $20 billion of preferred shares owned by
the U.S. Treasury, and terminated its loss-sharing agreement at the
same time
In March 2010, Pandit explained that Citi had become "a
fundamentally different company than it was two years ago."
Indeed, it had re-emerged as one of the best-capitalized major
banks in the United States.
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Thank
you.