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CITI Bank

CITI Bank, officially known as Citibank, is a global financial services corporation headquartered in New York City. Established in 1812 as the City Bank of New York, it has grown to become one of the largest banks in the world, offering a wide range of financial products and services including consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management. CITI Bank operates in over 160 countries and jurisdictions, serving millions of customers globally.

Creation Time:2024-05-19 16 key nodes English

The Timeline

1812 — 2023

  1. 1812

    Establishment of City Bank of New York

    CITI Bank was originally founded as the City Bank of New York on June 16, 1812, by Samuel Osgood, a statesman and former Postmaster General of the United States.
  2. 1865

    Joining the National Banking System

    City Bank of New York joined the new national banking system and became The National City Bank of New York.
  3. 1894

    Becoming the Largest Bank in the U.S.

    The National City Bank of New York became the largest bank in the United States in terms of assets.
  4. 1914

    First U.S. Bank to Open a Foreign Branch

    CITI Bank became the first U.S. bank to open a foreign branch in Buenos Aires, Argentina, marking the beginning of its international expansion.
  5. 1930

    World's Largest Commercial Bank

    By 1930, CITI Bank had become the world's largest commercial bank.
  6. 1955

    Merger with First National Bank of New York

    The National City Bank of New York merged with the First National Bank of New York to form The First National City Bank of New York.
  7. 1967

    Introduction of the First ATM

    CITI Bank introduced the first automated teller machine (ATM) in the United States, revolutionizing banking convenience.
  8. 1974

    Rebranding to Citibank

    The bank officially shortened its name to Citibank, reflecting its growing international presence and modernized identity.
  9. 1981

    Acquisition of Diners Club International

    CITI Bank acquired Diners Club International, a global credit card company, expanding its credit card business.
  10. 1998

    Merger with Travelers Group

    CITI Bank merged with Travelers Group to form Citigroup Inc., creating one of the largest financial services organizations in the world.
  11. 2002

    Launch of Citigold Wealth Management

    CITI Bank launched Citigold Wealth Management, a premium banking service for high-net-worth individuals.
  12. 2008

    Financial Crisis and Government Bailout

    During the 2008 financial crisis, CITI Bank received a substantial bailout from the U.S. government to stabilize its operations.
  13. 2011

    Introduction of Mobile Banking

    CITI Bank introduced its mobile banking app, allowing customers to manage their accounts and conduct transactions via smartphones.
  14. 2017

    Expansion in Digital Services

    CITI Bank expanded its digital services, including the launch of Citi FinTech, to enhance customer experience through innovative technology.
  15. 2020

    Commitment to Sustainable Finance

    CITI Bank announced a commitment to sustainable finance, pledging $250 billion to environmental finance activities over the next five years.
  16. 2023

    Leadership Change

    Jane Fraser became the CEO of CITI Bank, marking the first time a woman has led the bank in its history.

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