1812 June 16, Citibank was chartered in New York State, and its English name was "City Bank of New York". On September 14, Citibank opened at No.52 Wall Street to provide services for some merchants in new york. The president of this bank is Colonel samuel osgood, who fought alongside George Washington in the War of Independence.

1822 agricultural fire insurance loan company was established, which is every joint-stock trust company in the United States. 1835 company changed its name to agricultural loan trust company, and 1929 merged with Citibank. Later, Citibank's English name was National City Bank.

From 65438 to 0856, Moses Taylor served as president for 26 years.

186 1 year, the civil war broke out. President Lincoln implored banks in new york to raise $654.38 million for the Commonwealth. Citibank subscribed for $70 million in gold.

1865 Citibank joined the newly established American national banking system, and its English name was changed to National City Bank of New York. As a national bank, its operation must meet the high standards set by the federal government for solvency and liquidity. In new york, the statutory reserves of national banks are regarded as deposits.

From 65438 to 0893, Citibank ranked first among banks in new york in terms of deposits and assets.

1897, Citibank took the lead in setting up a foreign exchange department in the American banking industry and began to engage in foreign exchange transactions.

1902 opened branches in London, Shanghai, Hong Kong, Yokohama, Manila, Singapore and San Francisco, which became the core of the international business network of international banking companies acquired by 19 18.

1904, Citibank introduced traveler's checks.

1908, 96 years after its establishment, Citibank moved into the former US Customs Building at 55 Wall Street.

19 14 According to the suggestion of American companies with branches in Argentina, Citibank set up a branch in Buenos Aires on 1 10, becoming the first branch of National American Bank in that country.

192 1 year-1928,192165438+February, Citibank became the first bank in the United States to calculate the interest of savings accounts with compound interest. On May 3rd, 1928, Citibank launched another creative business for depositors. Unsecured personal loans.

From 65438 to 0929, Citibank became the largest commercial bank in the world. The merger further accelerated the expansion of banks: the Agricultural Loan Trust Company became Citibank Agricultural Trust Company. In order to meet the needs of business development, the bank built a skyscraper at No.20 Exchange Square.

1930- 1936, during the Great Depression, Citibank still maintained dividends through its business income in China.

1933 Due to the promulgation of glass-steagall act, Citibank, like other American banks, cancelled its investment company. From 65438 to 0935, Citibank provided monthly payment and loan services for small businesses. 1936, Citibank took the lead in opening a checking account with no minimum deposit requirement in new york.

1939- 1949, in the late 1930s, Citigroup urgently needed 23 countries to open 100 offices, becoming the largest international bank at that time. However, after the outbreak of World War II, many of Citibank's businesses in Europe and Asia were forced to stop.

1950- 1955 with the increase of American consumers' income, various new personal banking services came into being and the banking industry began to develop on a large scale. Personal checking accounts and consumer loans surged.

1955, the English name of Citibank was changed to new york First National City Bank.

1956, Citibank installed the first computer in the commercial loan department.

At 196 1, Citibank created a negotiable certificate of deposit. The newly established overseas investment company of Citibank has become the holding company of the bank's overseas branches. The new headquarters at 399 Park Avenue has been completed.

1968- 1974, 1956 The Bank of America Holding Company Act restricts the practice that a holding company controls multiple banks. 1968 Citibank set up a holding company for a bank to expand and provide new financial services. Other banks have followed suit. 1974, in order to better adapt to its global business, the holding company was renamed Citigroup. In the same year, Citigroup introduced floating rate bills into the US financial market. This innovation was launched in the European market by Citibank 10 years ago.

1975, Citibank became the only American-funded bank with branches in nine European countries.

1976- 1980, 1976, the English name of Citibank was changed to Citibank, n. a. 1977, and Citibank established the Citibank Card Business Center, which made its popular advertisement "Citibank" through convenient and multifunctional ATMs and Citibank cards.

198 1 year-1982. In the 1980s, Citibank focused on developing personal banking. The bank opened branches in Dakota and Delaware to promote the development of credit card business and bought letters of credit from Dalai. Citigroup became the largest bank holding company in the United States after acquiring the faithful Federal Savings and Credit Bank of San Francisco.

1984, john reid was elected chairman.

In 1985, Citibank connects customers' personal computers with their systems to facilitate customers to handle banking business directly.

From 65438 to 0992, Citibank became the largest bank in the United States. Its name means innovative banking. Citigroup has branches and offices in more than 90 countries, making it the only international bank with such extensive business coverage.

From 65438 to 0993, Citibank became the largest credit card and consumer card issuer and service bank in the world. In the same year, Citibank merged several savings banks established in the 1980s and adopted a unified name, Citibank and FSB.

Citibank also launched a "risk window" management model, focusing on countries, industries, products and customers, and internally evaluating and managing the overall risks of Citigroup.

From 65438 to 0994, Citibank opened the first wholly foreign-owned commercial bank in Russia. Citigroup resumed paying common stock dividend 199 1 year, and this business was temporarily suspended.

1995, Citibank celebrated the 20th anniversary of opening personal banking business. At that time, the bank launched this business in order to provide banking services to consumers around the world and establish contact with consumers. In Beijing, Citibank once again opened a full-service branch in China after 45 years, and set up branches in Viet Nam and South Africa.

From 65438 to 0996, Citibank had the largest credit card circulation in Asia. Taiwan Province Province became the first region outside the United States to issue more than one million credit cards. Citibank has launched a quality service plan within the group.

Second, the organizational structure and management system

Citigroup is a global financial services company. As of1996,65438+2,31,the group has 89,400 employees worldwide, providing various financial services to individuals, enterprises, governments and financial institutions at about 3,200 outlets in 98 countries and regions.

Citigroup is an American bank holding company, incorporated under the laws of Delaware, registered at 1967, and is now the sole shareholder of its main branch, Citibank.

Citigroup is bound by the Bank Holding Company Law (1956) and is subject to inspection by the Federal Reserve Board of Directors. Citibank is a member bank of the Federal Reserve and is subject to the management and inspection of the Monetary Audit Bureau.

Citigroup's business has two main areas: global consumer business and global corporate banking. Global consumer business provides consumers with global comprehensive services, including branches and e-banking, credit cards and consumer cards, and private banking; Global corporate banking provides services for companies, financial institutions, governments and other members of the world capital market.

Three. Main business scope

As the only bank pursuing global business strategy, Citibank not only serves 50 million consumers in 56 countries, but also serves multinational, cross-regional and local corporate customers in nearly 65,438+000 countries. Except Citibank, no financial institution has the business and resources to meet so many demands in so many places. Citibank has become a world brand of financial services. The name of Citibank means service, not only to meet the needs of customers, but also to do better than customers' expectations. The main business scope includes:

Electronic banking business. Through Citibank computer, ATM or Citibank telephone, you can get safe and convenient service 24 hours a day, 365 days a year.

Credit card business. In the world, Citibank's credit card customers can meet their consumption needs and adapt to their different financial situations through credit cards issued by Citibank or credit cards issued by well-known institutions such as Citibank. Citibank is the largest credit card issuer in the world.

Private banking business. Employees of Citibank engaged in private banking in 32 countries can obtain first-hand information of global investment portfolio through the bank's network of talents, products and strategies, and Citibank helps them seek investment opportunities and identify investment risks.

Emerging market business. Citibank has served emerging market customers for nearly 100 years, with a long history and great progress. Because Citibank, like local commercial banks, has a business license, understands the local market, has well-trained local employees, and provides world-class banking services to customers with cross-regional advantages, which is different from Citibank.

Corporate banking. At present, Citibank cooperates with global, regional and local corporate customers in more than 100 countries. Citibank's depth and breadth in the global market is the cornerstone of corporate banking. No matter at home or anywhere in the world, you can get excellent service and professional advice from Citibank.

The business of multinational companies. The successful cooperation between Citibank and many famous multinational companies is based on the banking relationship and experience accumulated by Citibank for decades. Most of these companies want to expand overseas, especially in emerging markets where consumer and commodity markets are booming.

The far-reaching development of Citibank in the world is the most competitive feature. Citibank is one step ahead of its competitors in terms of scale, products, capabilities, industry knowledge and experience. Citibank's goal is to promote its products and services to the whole world. In short, Citibank's unique global network can provide customers with the services they need anytime and anywhere.

Four. Operating conditions and assets and liabilities

As of199665438+February 3 1, the total assets of Citigroup were $270.2 billion. The net income after tax was $3.8 billion, an increase of $300 million over 1995. Earnings per share was $7.42, up 15%. 10.00 billion dollars was distributed to shareholders in 1996, and 3/kloc-0.00 billion dollars was repurchased, which increased the total capital ratio and tier-1 capital ratio by 8.3% and 12.2% respectively, and established reserves, all of which showed strong capital accumulation ability. At the end of the year, the share price was $65,438+003, rising by $35.75 or 53% during the year.

The position and strength of verb (abbreviation of verb) in the international financial market

In the field of credit cards and consumer cards, Citibank is the largest enterprise in the world, with accounts receivable as high as $55 billion. By199665438+February 3 1, Citibank had issued 6 1 10,000 credit cards (including single and joint issuance), including 3 million in Europe, 7 million in Asia and 9 million in Latin America. By promoting credit card as the preferred safe payment method, Citibank will develop a society dominated by cash payment into a consumer credit system.

Petrobras, a large Brazilian oil company, works closely with Citibank Rio de Janeiro branch. In the past decades, Citibank has continuously provided countermeasures and products for the company to meet its new needs in trade financing, cash management and capital market. 1996, Euromoney magazine selected Citibank as the leading bank in Latin America.

The close relationship between Citibank and other financial institutions has been reflected in a new financial center like Shanghai. Citibank has great development opportunities in banking investment and insurance industry. At present, these fields are developing rapidly not only in Asia, but also in the world. 1996, Euromoney magazine selected Citibank as the first bank in Asia.

Corporate foreign exchange traders and investors all over the world have always regarded Citibank's foreign exchange business as its best customer service. Eurocurrency ranked Citibank at the top of the list for 18 years in a row. For decades, Citibank has made great achievements in dealing with major currencies and emerging national currencies (a total of 140 currencies).

Citibank's corporate banking business covers 22 developed countries and 75 emerging economies, thus diversifying and balancing Citibank's income. Citibank's corporate banking business has 20,000 customers, which provides rich returns for Citibank. Because Citibank has participated in all stages of market development, it has ample development opportunities.

The organization and underwriting skills of Citigroup's securities department are very popular all over the world: in the United States, Citibank raised $654,380 billion for Twentieth Century Fox, a subsidiary of News Corp., and Citibank has business dealings with the group in 23 countries. This transaction involves debt and equity investment instruments. Therefore, it was rated as an annual record-breaking transaction by Institutional Investor magazine. In Asia, Citibank is the co-manager of the Philippine long-distance telephone company's $300 million global bond.

Business development of intransitive verbs in China

1902, Citibank set up its first branch in China and became the first bank to raise the American flag in China, hence its name.

1904 to 1928, opened 14 branches in Guangzhou, Hankou, Beijing, Tianjin, Harbin, Qingdao, Dalian and Changchun to provide import and export credit, foreign currency exchange, remittance, trade and credit investigation services.

1940- 1942, during World War II, all branches closed down.

1983, set up a representative office in Shenzhen.

1984, set up a representative office in Beijing.

1985, set up a representative office in Shanghai.

1988, Shenzhen Representative Office was upgraded to a branch office.

1991March set up a representative office in Xiamen. In June, the Shanghai representative office was upgraded to a branch, which once again wrote a new chapter in the history of Bank of America in Shanghai.

1993 set up a representative office in Guangzhou in February. China, the first international bank to set up its China headquarters in China, moved its headquarters from Hongkong to Shanghai.

1994 opened an ATM center in Shanghai, which is the first foreign bank in China to provide RMB withdrawal, deposit transfer and balance inquiry services.

1995, Beijing Representative Office was upgraded to a branch in September, becoming the first American-funded bank to open a branch in Beijing.

199665438+At the end of February, it was approved to operate RMB business in Pudong, Shanghai, becoming the first US-funded bank to obtain RMB business license.

1February 1997, Shanghai branch moved to Pudong, and the original Puxi branch was changed into a sub-branch. On April 4th, it began to operate RMB business, becoming the first foreign bank in Shanghai to operate RMB business.