Dallas, Texas 02/27/2014 (FINANCIALSTRENDS) – Citigroup Inc(NYSE:C) is one of the established US-based financial services providers and operates from its New York-based offices. The company has a global footprint and has been engaged in providing consumer banking as well as credit to individual as well as commercial businesses. The company has also engaged in providing wealth management services, besides transaction services.
Citigroup Inc(NYSE:C) operates two segment of services. The first is Citicorp. And the second is Citi Holdings. CitiCrop includes other servicing sectors such as Global Consumer Banking Businesses as well as Institutional Clients Group. Meanwhile, Citi Holdings offers brokerage as well as Asset Management, besides local consumer lending. Again, Special Asset Pool is another one of the sectors which have seen such action.
Citigroup Inc(NYSE:C) in Feb 2012 has sold nearly 9.85% of its interest in the Housing Development Finance Corporation ltd. Earlier in May, the company had sold nearly 10.1% interest in Akbank TAS. Again in September 2012, the company was sold to EMI Group. Now, EMI Group is one of the leading music recording companies which are known to bring recorded music to a global audience. EMI Music , which is one of its divisions was resold to Vivendi and one of the other big names in global music which is a subsidiary of Vivendi-Universal Music Group.
Citigroup Inc(NYSE:C) in August 2013, found itself to be the proud owner of Pershing Square Capital Management, with 18% stake.
Citigroup Inc(NYSE:C) continues to offer services in the Global Consumer Banking niche and has operations spread over several geographies. North Amercial regional consumer Banking, Latin America Regional Consumer Banking or Latin America RCB, as well as the Asia Regional consumer banking or Asia RCB is known to provide much of the traditional banking services. At this point a service which has seen considerable retail consumer growth has been this region. The business appears to have made remarkable progress in the mid-size businesses for the Taiwanese, Japanese as well as the Singaporean sectors.