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Thread: A Review On Citi Bank

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    A Review On Citi Bank

    Citibank

    Citibank (styled as Citibank) is the consumer division of financial services multinational Citigroup.[2] Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York.[3] The bank has 2,649 branches[citation needed] in 19 countries,[citation needed] including 723 branches in the United States[citation needed] and 1,494 branches in Mexico operated by its subsidiary Banamex.[citation needed] The U.S. branches are concentrated in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami.[1] Aside from the U.S. and Mexico, most of the company's branches are in Poland, Russia, India and the United Arab Emirates.[citation needed]

    As a result of the financial crisis of 2007–2008 and huge losses in the value of its subprime mortgage assets, Citigroup, the parent of Citibank, received a bailout in the form of an investment from the U.S. Treasury.[4] On November 23, 2008, in addition to an initial investment of $25 billion, a further $20 billion was invested in the company along with guarantees for risky assets of $306 billion.[5] The guarantees were issued at a time markets were not confident Citi had enough liquidity to cover losses from those investments. Eventually, the Citi shares the Treasury took over in return for the guarantees it issued were booked as net profit for the treasury as Citi had enough liquidity and guarantees did not have to be used. By 2010, Citibank had repaid the loans from the Treasury in full, including interest, resulting in a net profit for the U.S. federal government.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Citi Bank of Pakistan

    Introduction:-


    Citi's Institutional Clients Group is comprised of diverse, talented professionals globally located in more than 100 countries and jurisdictions and territories, collectively representing an unparalleled international network of financial skills and capabilities serving targeted clients. Our clients are top corporations, financial institutions and governments in countries and jurisdictions around the world and our mission is to help them achieve their goals.No other institution can match our combination of global insights, client relationship management services, geographic reach and local and cross-border product expertise.

    The ICG is organized into four groups: Banking, Capital Markets and Advisory, Markets and Securities Services, Private Bank and Treasury and Trade Solutions.

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    सिटीबैंक) वित्तीय सेवाओं के उपभोक्ता प्रभाग बहुराष्ट्रीय सिटीग्रुप है। सिटी बैंक की स्थापना 1812 में सिटी बैंक ऑफ न्यूयॉर्क के रूप में हुई थी और बाद में यह न्यूयॉर्क का फर्स्ट नेशनल सिटी बैंक बन गया। 19 देशों में बैंक की 2,649 शाखाएँ [उद्धरण वांछित] हैं, [प्रशस्ति पत्र की आवश्यकता] जिसमें संयुक्त राज्य अमेरिका में 723 शाखाएँ शामिल हैं [उद्धरण वांछित] और मेक्सिको में 1,494 शाखाएँ इसकी सहायक बैंमेक्स द्वारा संचालित हैं। अमेरिकी शाखाएँ छह महानगरीय क्षेत्रों में केंद्रित हैं: न्यूयॉर्क शहर, शिकागो, लॉस एंजिल्स, सैन फ्रांसिस्को, वाशिंगटन, डी.सी., और मियामी। अमेरिका और मैक्सिको के अलावा, कंपनी की अधिकांश शाखाएँ पोलैंड, रूस, भारत और संयुक्त अरब अमीरात में हैं।

    2007-2008 के वित्तीय संकट के परिणामस्वरूप और इसकी सबप्राइम बंधक संपत्ति के मूल्य में भारी कमी के कारण सिटीबैंक के माता-पिता, सिटीग्रुप को अमेरिकी ट्रेजरी से निवेश के रूप में खैरात मिली। 23 नवंबर, 2008 को $ 25 बिलियन के शुरुआती निवेश के अलावा, 306 बिलियन डॉलर की जोखिमपूर्ण संपत्ति की गारंटी के साथ कंपनी में $ 20 बिलियन का और निवेश किया गया था। गारंटी एक समय में बाजार में जारी किए गए थे विश्वास नहीं था कि सिटी में उन निवेशों से नुकसान को कवर करने के लिए पर्याप्त तरलता थी। आखिरकार, सिटी ने ट्रेजरी के लिए जारी किए गए गारंटियों के बदले में ट्रेजरी को शेयर कर दिया, यह ट्रेजरी के लिए शुद्ध लाभ के रूप में बुक किया गया था क्योंकि सिटी में पर्याप्त तरलता थी और गारंटियों का उपयोग नहीं करना था। 2010 तक, सिटी बैंक ने ट्रेजरी से ऋण को ब्याज सहित चुका दिया था, जिसके परिणामस्वरूप अमेरिकी सरकार के लिए शुद्ध लाभ हुआ था।

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Citi Bank of Pakistan maliyati khidmat multi national city group ka sarfeen davesion ha.City bank ki bounyad 1812 ma New York ka city bank ka tour par rakhi gai the or bad ma ya New york ka pahla national city bank ban gya is bank ki 19 mumalik ma 2,649 baranches ha.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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