CITIGROUP INC shareholders Q3 2023

About CITIGROUP INC

Citigroup Inc. is a multinational investment bank and financial services corporation headquartered in New York City. The company was formed in 1998 through the merger of Citicorp and Travelers Group. Citigroup operates in over 160 countries and has a workforce of over 200,000 employees.

Citigroup's business segments include Global Consumer Banking, Institutional Clients Group, and Corporate/Other. The Global Consumer Banking segment provides banking services to retail customers, while the Institutional Clients Group offers investment banking and trading services to institutional clients. The Corporate/Other segment includes the company's treasury and finance functions.

Citigroup has faced several challenges in recent years, including regulatory fines and legal settlements related to the 2008 financial crisis. However, the company has taken steps to improve its risk management and compliance processes, and has made progress in reducing its expenses and improving its profitability.

In 2020, Citigroup announced that Jane Fraser would become the company's next CEO, making her the first woman to lead a major Wall Street bank. Fraser has been with Citigroup for over 16 years and has held several senior leadership positions within the company.

Overall, Citigroup remains a major player in the global financial services industry, with a strong presence in both consumer and institutional banking. The company's focus on risk management and compliance, as well as its commitment to diversity and inclusion, position it well for continued success in the years ahead.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.