Analyzing Cit in Finance: Also Known as Citigroup
In the financial world, the term "Cit" means a number of things, however, one of the main things that come to one’s mind is “Citigroup Inc.” This multinational financial services corporation is very prominent in the banking arena since it provides all kinds of financial goods and services. Therefore, the present blog post will focus on the organization of Citigroup, its services and the factors that have shaped the financial environment.
Citigroup’s Place in the Financial Sector
Citigroup, otherwise referred to as Citi, is among the biggest global banks. It was initially established in 1812 as the City Bank of New York. Today it is a numerous headquartered corporation active in more than 100 countries. Citi offers a variety of solutions which include investment, consumer and commercial banking, credit cards, mortgage and wealth management services.
Citigroup’s Structure and Operations Citi has a few distinct divisions within it:
Global Consumer Banking Division (GCB): This division provides financial products for individual consumers and small view businesses. Such products include saving, current accounts, providing of loans, mortgages, and credit cards.
Institutional Clients Group (ICG): ICG serves large corporate clients, nations and other entities. Services provided include investment banking, capital markets, treasury and trade solutions, and securities services.
Citi Private Client: This part deals with clients with vast wealth and offers investment-related services such as advisory, and estate planning.
The Results of Financial Performance
Citi’s financial performance is one of the most debated topics of interest to markets analysts and fund managers. The key financial metrics (KPIs) are net income, return on equity (ROE), and efficiency ratios. The Bank has faced its share of challenges brought about by – inter alia – newly introduced regulations, and the changing of the business environment, it has always been consist.
