Citi, a publicly owned company headquartered in the US, was founded in 1812 and operates as an American multinational investment bank and financial services company based in New York City, employing approximately 186,100 individuals. The company was formed in 1998 by the merger of Citicorp and Travelers. Functioning as the third-largest banking institution in the United States by assets, it is one of the Big Four banking institutions of the United States alongside JPMorgan Chase, Bank of America, and Wells Fargo. Citi operates with two major divisions: Institutional Clients Group (ICG), which offers investment banking and corporate banking services, as well as treasury and trade solutions (TTS) and securities services such as custodian banking; and Personal Banking and Wealth Management (PBWM), which includes Citibank, a retail bank, the third-largest issuer of credit cards, as well as its wealth management business.
