A review on Citigroup

Citigroup Inc. is a multinational investment bank and a reputable financial services organization.It was established in the year 1998 and popularly known as Citi with its headquarters in the New York City,USA.The bank is known to be one of the largest in the Unites States and presently having an average net income of $2.5 billion as reported early this year 2020 and revenues of about $20.7 billion.

Advantages of Citigroup
- they are technologically advanced
- their services are very reliable
- they have very good online presence to ease stress
- they offer varities of services
- they are a very trusted brand in the financial industry
- they have good customer relationship
- they offers varities of banking services

Disadvantages of Citigroup
- Strict rules on getting access to any of their services.
- small business owners may not be able to access funds and some services if they can't provide or meet up with the necessary requirements.

A Review on Citigroup Bank

Citi began operations in India over a century ago in 1902 in Kolkata and today is a significant foreign investor in the Indian financial market. As promoter-shareholder, Citi has played a leading role in establishing important market intermediaries such as depositories, credit bureau, clearing and payment institutions. Citi helped lay the foundation of the Indian software industry by establishing Citicorp Overseas Software Ltd. and Iflex Solutions Ltd.; it pioneered the ITES industry in financial services through Citigroup Global Services Ltd. (CGSL). Oracle acquired Iflex in 2005 and CGSL was acquired by Tata Consultancy Services in 2008. Citi India added two more green certified buildings to its office premises in 2012, and in 2013 moved its headquarters to The First International Financial Centre (FIFC), a world-class environmentally friendly building. In addition, Citi India, through its network of Citi Solution Centres, has been a leading offshoring unit for Citigroup globally, providing employment opportunities in the areas of technology, processing, analytics and financial processes.


Types of Account:

1: Citi Suvidha-

Zero balance salary account
Globally accepted Debit Card
Credit card offerings to suit your lifestyle

2: Citi Priority

Personalized service
Wealth management services along with Citi Priority Personal Banker
Offers and privileges on the Citi Priority World Debit Card

3: Citi Gold

Global banking privileges
Wealth management with the help of specialists
Privileges across travel, dining, golf and more


Types of Credit Cards:

1- Citi Rewards Credit Card
2- Citi Cash Back Credit Card
3- Citi PremierMiles Credit Card
4- IndianOil Citi Credit Card
5- Citi Prestige Credit Card
6- First Citizen Citi Credit Card


Types of Loans They offer to clients:

1- Personal Loan
2- Loan for credit card
3- Ready Credit
4- Loan for Vehicle
5- Loan for business


They also offers all types of Insuarance like life, home, child etc.

Saving in a bank is very practical and easy for everyone to do, from creating an account to saving money. To create an account, many banks can process it in less than an hour. You only need to bring the requirements for creating an account such as an identity card and a minimum amount of money for the initial deposit.
To save money, you can do this by depositing cash directly at the relevant bank or even through an ATM machine. Now there are many ATM machines that can accept cash deposits, so you don't need to come to the bank. ATM machines themselves are widely spread and easily found in various places, from shopping centers, offices, to educational institutions. If you have a special account for savings, you can transfer your savings directly from your main account.

the main function of commercial banks is to collect funds from the public. Efforts to carry out this function are carried out by issuing various financial products to store funds, ranging from savings, current accounts to time deposits.
Although in the initial function of commercial banks were only collecting and providing banking services, now commercial banks are able to distribute credit to the public. Credit or financing is provided in a variety of products, ranging from loans for home purchases to loans without collateral.
This operational activity is carried out to provide services for equitable distribution of national development. Transfers made by the bank are carried out for the benefit of the institution itself and for the benefit of customers. Examples of products from this operational activity are transfers between regions or remittances abroad.

I just started using the app a few months ago and it's very helpful to see my transactions lined up. I was unclear if a pending debit was taken into account with my current balance. The phone system tells me that important information. I also have two custodial accounts for my kids and it would be helpful to see their names on them so I don't have to look up their account numbers.

China Construction Bank

Introduction:

China Construction Bank Corporation (CCB) is one of the "big four" banks in the People's Republic of China. In 2015 CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world.The bank has approximately 13,629 domestic branches. In addition, it maintains overseas branches in Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Sydney and Auckland, and a wholly owned subsidiary in London. Its total assets reached trillion in 2009. Its headquarters is in Xicheng District, Beijing.

History:

China Construction Bank, Beijing

China Construction Bank, Hong Kong

China Construction Bank in Hangzhou

China Construction Bank Luxemburg
CCB was founded on 1 October 1954 under the name of People's Construction Bank of China and later changed to China Construction Bank on 26 March 1996.

In January 2002, CCB Chairman Wang Xuebing resigned from the bank after being charged with accepting bribes while he was employed with Bank of China; he was sentenced to 12 years in prison. In March 2005, his successor, Zhang Enzhao, resigned for "personal reasons". Just prior to his resignation, he had been charged in a lawsuit with accepting a US$1 million bribe. He was later sentenced to 15 years in jail in connection with the case.