भिडियो हेर्न तल को बक्समा क्लिक गर्नुहोस
 |
Read this also
Citibank Inc. or Citi is an American multinational investment banking and financial services corporation headquartered in {New york|Ny}, New York City. Citibank was formed from one of the world's {most significant|major} mergers of all time by combining the {bank|savings|consumer banking} giant Citicorp and financial conglomerate Travelers Group in October 1998 (announced on April 7, 1998) {Since|By} January 2015, it is the third {most significant|major} {lender|standard bank|loan company} holding company in the US by assets. {The|Their|It is} {most significant|major} shareholders include {money|cash} from the Middle East and Singapore. At {the|their|it is} height before the global financial crisis of 08, Citigroup was the {most significant|major} company and bank in the world as {assessed|scored|tested} by total assets, with 357, 000 employees. In 2007, Citigroup was one of many dealers in US Treasury securities.[9] Citigroup had the world's {most significant|major} financial services network, spanning 140 countries with approximately 16, {500|1000} offices worldwide. It {maintains|retains|will keep} over 200 million customer accounts in more than 140 countries.
Citigroup {experienced|endured} huge losses during the global financial crisis of 2008 and was {preserved|saved} in November 2008 in a massive stimulus {bundle|package deal|deal} by the U. {H|T|S i9000}. government.[10] {Upon|About|In} February 27, 2009, Citibank declared that the Circumstance. S. government would take a 36% equity {risk|share|position} in the company by converting US$25 billion in emergency aid into common stock with an US Treasury credit line of $45 billion to prevent the bankruptcy of the {most significant|major} bank in the world at the time The government guaranteed {deficits|loss|failures} on more than {three hundred|300 dollar} billion troubled assets and injected $20 billion immediately into the company. {In return|As a swap}, the salary of the CEO was set at $1 per year and the highest salary of employees was restricted to $500, 000 in cash. Any compensation amount above $500, 000 had to be paid with {limited|constrained} stock that could not be sold by the employee before the {crisis|unexpected emergency|urgent} government aid was {paid back|refunded|given back} in full.[12] The U. S. {authorities|federal government|govt} also gained control of half the seats in the Board of {Company directors|Owners|Administrators}, and the senior management was subjected to removing by the government if there were poor performance. By December 2009, the U. S. government {risk was|share was|position was} reduced from a 36% stake to a 27% stake, after Citibank sold $21 billion of common shares and {collateral|value|fairness} in the {most significant|major} {solitary|one|sole} share sale in Circumstance. S. history, surpassing {Lender|Standard bank|Loan company} of America's $19 {billion dollars|million} share sale one month prior. By December 2010, Citigroup repaid the {crisis|unexpected emergency|urgent} {assist in|help in} full and the U. S. government received {an extra|yet another|one more} $12 billion {income|revenue|earnings} to offer its {stocks|stocks and shares}. US Government restrictions on pay and oversight of the senior management were removed {following the|following your} US {authorities|federal government|govt} sold its remaining 27% stake {since|by} December 2010.
As of 2009, Citibank was one of the Big Four banks {in the usa|in america|in the us}, with Bank of America, JP Morgan Chase and Wells Fargo.
As of June 2012, the {12 months|yr|season} of Citi's 200th {wedding anniversary|birthday|everlasting nature}, Citigroup had built up an enormous cash {book|hold|preserve} in the wake of the financial crisis with $420 billion in excess liquid cash and {authorities|federal government|govt} securities. As of Q1 2012, Citi had a tier 1 capital {percentage|proportion|rate} of 12. 4%, making Citi one of the best-capitalized financial institutions on the globe after great of dollars in {deficits|loss|failures} from the {economic crisis|financial meltdown|financial disaster} This kind of was a result of selling more than {$250|500 usd|250 usd} billion of its special assets {put|located} in Citi Holdings, {that have been|that were|which are} guaranteed from losses by the US Treasury while under {federal government|national} majority ownership. {A unique|An exclusive|A particular} {INTERNAL REVENUE SERVICE|IRS . GOV|RATES} tax exception {provided to|directed at} Citi allowed the US Treasury to sell its {stocks|stocks and shares} at a profit, while it still owned Citibank shares, which eventually netted $12 billion. According to Treasury spokeswoman Nayyera Haq, "This (IRS tax) {guideline was|regulation was|secret was} designed to stop corporate raiders from using loss corporations to {avert|avoid} taxes, and was never intended to address the unprecedented situation {in which the|where|the place that the} {authorities|federal government|govt} owned shares in {banking institutions|banking companies|finance institutions}. And it was certainly not written to prevent {the federal government|the us government} from selling {the|their|it is} shares for {an income|a revenue|an earnings}. "[28] In 2016, Citigroup ranked twenty ninth in size under the Fortune 500 list.
No comments