2. • Citi was founded in 1812 as City Bank of New
York.
• Citi is a diversified global financial institution.
• Citi is the first financial services company in the
U.S. to bring together banking, insurance, and
investments under one umbrella.
• It provides a broad range of financial products
and services to consumers and corporate
customers globally.
• Citi has the world's largest financial services
network.
3. Vision
• To be the leader in
providing business
process management
services to help
customers.
Mission
• “Our goal for Citigroup is
to be the most respected
global financial services
company. Like any other
public company, we're
obligated to deliver profits
and growth to our
shareholders. Of equal
importance is to deliver
those profits and
generate growth
responsibly.”
4. • The first president of the City Bank was
the statesman and retired Colonel, Samuel
Osgood
• By 1868, it was considered one of the
largest banks in the United States, and in
1897, it became the first major U.S. bank
to establish a foreign department.
5. • Charles E. Mitchell was elected president
in 1921 and in 1929 was made chairman,
a position he held until 1933.
• Under Mitchell the bank expanded rapidly
and by 1930 had 100 branches in 23
countries outside the United States.
• The policies pursued by the bank under
Mitchell's leadership are seen by historical
economists as one of the prime causes of
the stock market crash of 1929, which led
ultimately to the Great Depression.
