Citigroup was formed on October 8, 1998, following the $140 billion merger of Citicorp and Travelers Group to create the world's largest financial services organization. The history of the company is divided into several firms that eventually amalgamated into Citicorp, a multinational banking corporation operating in more than 100 countries; or Travelers Group, whose businesses … WebApr 9, 1998 · Citicorp and Travelers Group Merger C-SPAN.org April 9, 1998 Citicorp and Travelers Group Merger Representative Maxine Waters (D-CA), a member of the …
Citigroup American company Britannica
WebApr 6, 1998 · BANKING GIANT Citicorp and financial services titan Travelers Group yesterday stunned financial markets across the world with plans for the largest-ever … WebSep 11, 2024 · The merger between Travelers and Citicorp to form Citigroup, is considered to be a merger of equals. The merger took place for $ 73 billion in 1998 and was the second largest merger of the year. The merger saw many problems encountered during post merger integration. In fact it is a classic example of how integrating diverse … excess calories to gain a pound
A Stormy Decade for Citi Since Travelers Merger
WebDec 19, 2001 · Robert Lipp, a Citigroup director, will be chairman and CEO of Travelers. Citigroup could raise from $4 billion to $5 billion in the IPO, said analyst Judah Kraushaar of Merrill Lynch. WebMar 16, 2024 · Citigroup, American financial services corporation formed in 1998 from the merger of Citicorp (itself a holding company incorporated in 1967) and Travelers Group, Inc. Its headquarters are in New York City. Citigroup’s origins date to the early 19th century. In 1811 the U.S. Congress refused to renew the charter of the First Bank of the United … WebMar 12, 2024 · Sanford I. Weill, byname Sandy Weill, (born March 16, 1933, Brooklyn, N.Y., U.S.), American financier and philanthropist whose company, Travelers Group, merged with Citicorp to form Citigroup in 1998—the largest merger in history at the time. excess calcium in blood causes