Stock price Citigroup Inc (C) today

Citigroup Inc. - One of the largest international financial conglomerates, based on the basis of Citibank - the first bank in the United States. Manages assets worth over $ 1.8 trillion and is the primary dealer for US Treasury securities. It was formed as a result of the merger in 1998 of the banking company Citicorp and the insurance company Travelers Group. It has many subsidiaries in different countries of the world. In 2000, it was bought by Associates First Capital Corporation for $ 27 billion. In 2001 and 2002, Citigroup acquired a number of large international companies: Schroders plc., Bank Handlowy, Grupo Financiero Banamex-Accival, Golden State Bancorp and part of the Fubon Group. In 2008, Citigroup was at the center of the financial crisis and was declared insolvent. After a series of measures, restructuring and financial support of the state, the conglomerate was able to regain lost ground.