Citibank Fin 620

| Citibank Fin620 Group Project| Alana Brown, Raja Lahori, Clarence Hawkins | | | 11/22/2010| | Contents doorway:3 Overview4 M onetary Policy, Regulatory Framework and Banking Practices5 Analysis of Bank schema:9 Conclusion:10 Graphs:11 Additional Information:20 Works Cited21 Introduction: historical Profile and Plan of Study Citigroup began its financial journey in 1812 with $2 million dollars of paid in capital. They initially started their disdain to operate a group of New York merchants. (Citibank History, pg1). They paid their first dividend in 1813. Citigroup is a global diversified financial go attribute company trading on the NYSE that was incorporated in 1988 in Delaware. It provides a broad range of financial services to consumer and corporate customers by dint of its three business fragments: Citicorp, which consists of the companys regional consumer banking businesses and the institutional client group; Citi Holdings, which consists of Citigroups brokerage firm and asset management and local consumer leading business. The third segment is corporate/other. Citigroup has more than 200 million customer accounts and does business in more than 100 countries.

(Business and Company Resource Center) match to the Citigroup website, their mission is dedicated to finding solutions that preserve homeownership and help moderate the challenges faced by borrowers. Their website also says their current situation is one that is geared toward helping homeowners and protecting consumers. Since the beginning of the owe crisis in 2007, Citi has helped approximately 824,000 distressed homeowners, representing $98 billion in mortgage loans, in their efforts to avoid potential foreclosure and remain in their homes through a variety of foreclosure prevention initiatives. (Citicorp website) The purpose of this paper is to consider how Citigroup contributed to and was impacted by the recent... If you want to get a blanket(a) essay, order it on our website: Orderessay

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