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Global 500

Andrew Harrer — Bloomberg via Getty Images

70

Citigroup

C

U.S.

Citigroup’s far-flung operations have long been one of its greatest strengths. CEO Mike Corbat formerly ran the bank’s operations in Africa, Europe, and the Middle East, but being the most exposed to the emerging markets has been a liability lately. Still the firm’s financial strength is among the best of the big banks these days, a big turnaround from 2008, when Citi nearly failed in the financial crisis. Citi came back to life by becoming super cost efficient, but the boost from cost cutting may be coming to an end. Recently revenue has been falling faster than Citi can cut expenses.

CEO

Michael L. Corbat

Sector

Financials

Industry

Banks: Commercial and Savings

HQ Location

New York, NY

Employees

231,000

Years on Global 500 List

22

Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$88,275-2.6%
Profits ($M)$17,242135.8%
Assets ($M)$1,731,210
Total Stockholder Equity ($M)$221,857
Profit Ratios
Profit as % of Revenues19.5%
Profits as % of Assets1.0%
Profits as % of Stockholder Equity7.8%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
  • Next Earnings Date:
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  • 52 Week High:
  • 52 Week Low:
  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
  • EPS:
  • Dividend Yield: n/a

News about Citigroup

Citigroup Moves Workers Out of Amazon's Soon-to-Be New York HQ2

Citigroup is moving 1,100 employees out of the One Court Square office building in Long Island City.

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JPMorgan Funnels Resources Into Helping Women Employees and Clients

JPMorgan said it is pledging to give out $10 billion in loans to women-owned businesses.

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Ether Crash Continues as SEC Suspends Trading in 2 Cryptocurrency-Related Securities

Ether has slumped 8.9% since Friday afternoon, while Bitcoin has lost 2.1%.

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Banks—the Unexpected Heroes in the War Against Human Trafficking

Congress’s new sex trafficking law isn’t enough on its own.

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Venmo Battles Bank Copycats By Adding a Much-Desired New Feature

PayPal's popular app is facing pressure from bank copycats.

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Videos about Citigroup

Broad Strokes for December 9, 2016: It's a Trump Cabinet Smack Down!

We're talking Linda McMahon, gender parity, and new pushes for diversity reports from activist investors. Tune in!

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How Big Banks Are Making Fintech Work

Citibank has been the most aggressive.

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Why Financial Institutions Should Prepare for Major Disruption

The CEO of CITI Ventures explains how fin-tech is changing consumers’ borrowing and spending habits.

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3 major challenges for emerging markets

Jane Fraser, CEO of Citigroup Latin America, sees troubling trends for emerging markets. She speaks with Fortune’s Nina Easton.

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