“Citibank”的意思、由来-开放百科全书

The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex.^[1] The U.S. branches are concentrated in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami.^[1] In 2016, the United States accounted for 70% of revenue and Mexico accounted for 13% of revenue.^[1] Aside from the U.S. and Mexico, most of the company's branches are in Poland, Russia, Pakistan, India and the United Arab Emirates.^[1]

Citibank's private-label credit card division, Citi Retail Services, issues store-issued credit cards for such companies as: Costco, ConocoPhillips, ExxonMobil, The Home Depot, Staples Inc., American Airlines, Shell Oil and until January 2018, Hilton Hotels & Resorts.^[3]

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. 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 ^[4] The guarantees were issued at a time markets were not confident Citi had enough liquidity to cover loses 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.^[5]

History

The City Bank of New York was founded on June 16, 1812.^[6] The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. In August 1813, with Osgood's death, William Few became President of the Bank, staying until 1817, followed by Peter Stagg (1817–1825), Thomas Smith (1825–1827), Isaac Wright (1827–1832), and Thomas Bloodgood (1832–1843). Ownership and management of the bank was taken over by Moses Taylor in 1837, a protégé of John Jacob Astor and one of the giants of the business world in the 19th century. During Taylor's ascendancy, the bank functioned largely as a treasury and finance center for Taylor's own extensive business empire.^[7] Later presidents of the bank included Gorham Worth (1843–1856), Moses Taylor himself (1856–1882), Taylor's son-in-law Patrick Pyne, and James Stillman (1891–1909).

In 1831 City Bank was the site of one of America's first bank heists when two thieves made off with tens of thousands of dollars' worth of bank notes, and 398 gold doubloons.^[8]^[9]

The bank also has the distinguishable history of financing war bonds for the war of 1812, serving as a founding member of the financial clearing house in New York (1853), underwriting the Union, during the American Civil War with $50 million in war bonds, opens the first foreign exchange department of any bank (1897), and received a $5 million deposit to be given to Spain for the US acquisition of the Philippines (1899). In 1865, the bank joined the national banking system of the United States under the National Bank Act and became The National City Bank of New York. By 1868, it was one of the largest banks in the United States, by 1893 it was the largest bank in New York, and following year it was the largest within the United States. In later years it would help finance the Panama Canal (1904) and Stillman, then the bank's chairman, would intervene, along with J. P. Morgan and George Fisher Baker, in the Panic of 1907.

When the Federal Reserve Act allowed it,^[10] National City Bank became the first U.S. national bank to open an overseas banking office when it opened a branch in Buenos Aires, Argentina, in 1914. Many of Citi's present international offices are older; offices in London, Shanghai, Calcutta, and elsewhere were opened in 1901 and 1902 by the International Banking Corporation (IBC), a company chartered to conduct banking business outside the U.S., which was forbidden to U.S. national banks. In 1918, IBC became a wholly owned subsidiary and was subsequently merged into the bank. The same year, the bank evacuated all of its employees from Moscow and Petrograd as the Russian Civil War had begun, but also established a branch in Puerto Rico. By 1919, the bank had become the first U.S. bank to have $1 billion in assets.

As of March 9, 1921, there were four national banks in New York City operating branch offices: Catham and Phoenix National, the Mechanics and Metals National, the Irving National, and National City Bank.^[11]

In 1933, a Senate committee, the Pecora Commission, investigated Mitchell for his part in tens of millions of dollars in losses, excessive pay, and tax avoidance, later leading to his resignation.^[22]^[23]^[24]^[25]^[26]^[27] Senator Carter Glass said of him: "Mitchell, more than any 50 men, is responsible for this stock crash."^[28]^[29]

On December 24, 1927, its headquarters in Buenos Aires, Argentina, were blown-up by the Italian anarchist Severino Di Giovanni, in the frame of the international campaign supporting Sacco and Vanzetti.^[30]

In 1940 and 1941, branches in Germany and Japan closed. In 1945, the bank handled $5.6 billion in Treasury securities for War and Victory Loan drives for the U.S. government.

In 1952, James Stillman Rockefeller was elected president and then chairman in 1959, serving until 1967. Stillman was a direct descendant of the Rockefeller family through the William Rockefeller (the brother of John D.) branch. In 1960, his second cousin, David Rockefeller, became president of Chase Manhattan Bank, National City's long-time New York rival for dominance in the banking industry in the United States.^[31]^[32]

Following its merger with the First National Bank in 1955, the bank changed its name to The First National City Bank of New York, then shortened it to First National City Bank in 1962. It is also worth noting that the bank began recruiting at Harvard Business School in 1957, arranged the financing of the 1958 Hollywood film, South Pacific, and had its branches in Cuba nationalized in 1959 by the new socialist government, and has its first African-American director in 1969, Franklin A. Thomas.

The company organically entered the leasing and credit card sectors, and its introduction of US dollar denominated certificates of deposit in London marked the first new negotiable instrument in the market since 1888. Later to become part of MasterCard, the bank introduced its First National City Charge Service credit card—popularly known as the "Everything Card"—in 1967.

In 1967, Walter B. Wriston became chairman and chief executive officer of the bank.^[33]

In 1968, Citicorp was set-up as a holding company and in 1976, First National City Bank was renamed Citibank, N.A. The name change also helped to avoid confusion in Ohio with Cleveland-based National City Corp., though the banks never had any significant overlapping areas except for Citi credit cards issued in National City territory. In addition, at the time of the name change to Citicorp, in 1968, National City of Ohio was mostly a Cleveland-area bank and had not gone on its acquisition spree that would occur in the 1990s and 2000s. Any possible name confusion had Citi not changed its name from National City eventually became completely moot when PNC Financial Services acquired National City in 2008 during the subprime mortgage crisis.

In 1987, the bank set aside $3 billion in reserves for loan losses in Brazil and other developing countries.^[35] In 1990, the bank established a subsidiary in Poland. In 1994, it became the world's biggest card issuer.

Automated banking card

Shortly afterward, the bank launched the Citicard, which allowed customers to perform all transactions without a passbook. Branches also had terminals with simple one-line displays that allowed customers to get basic account information without a bank teller.

Credit card business

In the 1960s the bank entered into the credit card business. In 1965, First National City Bank bought Carte Blanche from Hilton Hotels. Three years later, the bank (under pressure from the U.S. government) sold this division. By 1968, the company created its own credit card. The card, known as "The Everything Card", was promoted as a kind of East Coast version of the BankAmericard. By 1969, First National City Bank decided that the Everything Card was too costly to promote as an independent brand and joined Master Charge (now MasterCard). Citibank unsuccessfully tried again from 1977 to 1987 to create a separate credit card brand, the Choice Card.

John S. Reed was selected CEO in 1984, and Citi became a founding member of the CHAPS clearing house in London. Under his leadership, the next 14 years would see Citibank become the largest bank in the United States, the largest issuer of credit cards and charge cards in the world, and expand its global reach to over 90 countries.

As the bank's expansion continued, the Narre Warren-Caroline Springs{{Dubious|date=February 2018|reason=This credit card company name sounds made up. Narre Warren and Caroline Springs are the names of two outer-Melbourne suburbs.}} credit card company was purchased in 1981. In 1981, Citibank chartered a South Dakota subsidiary to take advantage of new laws that raised the state's maximum permissible interest rate on loans to 25% (then the highest in the nation). In many other states, usury laws prevented banks from charging interest that aligned with the extremely high costs of lending money in the late 1970s and early 1980s, making consumer lending unprofitable. Currently, there is no maximum interest rate or usury restriction under South Dakota law when a written agreement is formed.^[36] As of 2013, Citibank employed 2,900 people in Sioux Falls, South Dakota and contributed to the state holding more bank assets than any other state.^[37]

In 2005, Federated Department Stores (now Macy's, Inc.), sold its consumer credit portfolio to Citigroup, which reissued its cards under the name Department Stores National Bank (DSNB).^[38]^[39]

In 2013, Citibank purchased the credit card portfolio of Best Buy from Capital One.^[40]^[41]

On April 1, 2016, Citigroup became the exclusive issuer of Costco's branded credit cards.^[42]^[43]

Early technology adoption

Automatic teller machines

In the 1970s, Citibank was one of the first U.S. banks to introduce automatic teller machines (ATMs), which gave customers 24-hour access to cash. In April 2006, Citibank signed a deal with 7-Eleven to offer Citibank customers free access to ATMs in more than 5,500 convenience stores in the United States. The 7-Eleven deal ended in 2017.^[44]

Online banking

The Citibank.com domain name was registered in 1991, and initially used only for email and other internet interactions.^[45] As early as 1982, Citibank pioneered online access to accounts using 300-baud dial-up only.^[46]{{better source|date=November 2017}} At first, access was through proprietary software distributed on a 5.25-inch floppy disk.{{citation needed|date=November 2017}} Following the creation of the World Wide Web, Citibank offered browser-based access as well.

Expansion

In 2002, Citigroup, the parent of Citibank, acquired Golden State Bancorp and its California Federal Bank, which was one-third owned by Ronald O. Perelman, for $5.8 billion.^[47]^[48]

In 1999, Citibank was sued for improperly charging late fees on its credit cards.^[49]

In August 2004, Citigroup entered the Texas market with the purchase of First American Bank of Bryan, Texas. The deal established Citi's retail banking presence in Texas, giving Citibank over 100 branches, $3.5 billion in assets and approximately 120,000 customers in the state.^[50]

In 2006, Citibank entered the Philadelphia market, opening 23 branches in the metropolitan area. In 2013, Citibank closed these locations for "efficiency-driven" reasons.^[51]

In 2006, the company announced a naming rights sponsorship deal for the new stadium of New York Mets, Citi Field, which opened in 2009. The deal reportedly required payments by Citi of $20 million per year for 20 years.^[52]

2008–2009 losses and cost-cutting measures by parent Citigroup

On April 11, 2007, Citigroup, the parent of Citibank, announced layoffs of 17,000 employees, or 8% of its workforce.^[53]

On November 4, 2007, Charles Prince resigned as the chairman and chief executive of Citigroup, the parent of Citibank, following crisis meetings with the board in New York in the wake of billions of dollars in losses related to subprime lending.^[54] Former United States Secretary of the Treasury Robert Rubin took over as chairman, subsequently hiring Vikram Pandit as chief executive.^[55]

On November 5, 2007, several days after Merrill Lynch announced that it too had been losing billions from the subprime mortgage crisis in the United States, Citi reported that it will lose between $8 billion and $11 billion in the fourth quarter of 2007, in addition to the $6.5 billion it lost in the third quarter of 2007.^[56]

Effective November 30, 2007, Citibank sold its 17 Puerto Rico branches, along with $1.0 billion in deposits, to Banco Popular.^[57]

In January 2008, Citigroup reported a $10 billion loss in the fourth quarter of 2007, after an $18.1 billion write down.^[58]

In March 2008, Citibank set up Mobile Money Ventures, a joint venture with SK Telecom, to develop mobile apps for banking.^[59] It sold the venture to Intuit in June 2011.^[60]

In May 2008, the company closed an $87.5 million leaseback transaction for branches in New York City.^[61]

In July 2008, Citibank Privatkunden AG & Co. KGaA, the company's German division, was sold to Crédit Mutuel.^[62] On February 22, 2010, it was renamed to Targobank.

In August 2008, after a three-year investigation by the California Attorney General, Citibank was ordered to repay the $14 million that was removed from 53,000 customers accounts over an 11-year period from 1992 to 2003, plus an additional $4 million in interest and penalties. The money was taken under an electronic "account sweeping program" where any positive balances from over-payments or double payments were removed without notice to the customers.^[63]

On November 23, 2008, during the financial crisis of 2007–2008, Citigroup was forced to seek federal financing to avoid a collapse similar to those suffered by its competitors Bear Stearns and AIG. The U.S. government provided $25 billion and guarantees to risky assets in exchange for Citigroup stock.

On January 16, 2009, Citigroup announced that it was separating Citi Holdings Inc., its non-core businesses such as brokerage, asset management, and local consumer finance and higher-risk assets, from Citicorp. The split was presented as allowing Citibank to concentrate on its core banking business.^[64]

2010 to present

On October 19, 2011, Citigroup, the parent of Citibank, agreed to a $285 million civil fraud penalty after the U.S. Securities and Exchange Commission accused the company of betting against risky mortgage-related investments that it sold to its clients.^[65]^[66]^[67]

In 2014, Citigroup announced it would exit retail banking in 11 markets, primarily in Europe and Central America.^[68]

In September 2014, Citibank exited the Texas market with the sale of 41 branches to BB&T.^[69]

In September 2015, Citibank announced that it would close its 17 branches in Massachusetts and end sponsorship of a theater in Boston.^[70]

In 2015, the bank was ordered to pay $770 million in relief to borrowers for illegal credit card practices. The Consumer Financial Protection Bureau said that about 7 million customer accounts were affected by Citibank's "deceptive marketing" practices, which included misrepresenting costs and fees and charging customers for services they did not receive.^[71]

On March 1, 2017, an article in The Economic Times of India stated that Citibank may close its 44 branches in India, as digital transactions made them less necessary. The articles wrote that Citibank was “India’s most profitable foreign lender”.^[72]

On March 20, 2017, The Guardian reported that hundreds of banks had helped launder KGB-related funds out of Russia, as uncovered by an investigation named Russian Laundromat. Citibank was listed among the American banks that were named as having handled the laundered funds, with banks in the US processing around $63.7 million between 2010 and 2014. Citibank was listed as having processed $37 million of that amount, with others including Bank of America, which processed $14 million. as the bank “handled $113.1 million” in Laundromat cash.^[73]

Products & Services

Citigold

Citigold is Citibank's banking product for the mass affluent demographic ($200,000 minimum in assets), available in thirty four countries,^[74]^[75]^[76] with ultra high-net-worth individuals ($25 million and above in assets) being handled by Citi Private Bank.

Digital Wallet Support

Citibank cards support Samsung Pay,^[77]^[78] Google Pay^[79] and Apple Pay.^[80]

Controversies

Funding of Dakota Access Pipeline

Citibank is one of the lead lenders to the developers of the Dakota Access Pipeline project in North Dakota, a {{Convert|1172|mi|km|-long|sp=us|adj=mid}} oil pipeline project.^[81] The pipeline has been controversial regarding its potential environmental impacts and impacts to Siouan sacred lands and water supply.^[81]^[82] According to a statement by Hugh MacMillan, a senior researcher on water, energy and climate issues, Citibank has been "running the books on this project, and that's the bank that beat the bushes and got other banks to join in."^[83]

On December 13, 2016, students of Columbia University protested outside of the Citibank location on Broadway and 112th Street, by holding cardboard signs, chanting and passing flyers. Earlier that year, the university replaced the on-campus Citibank ATMs with ATMs from Santander Bank, a bank that has no ties to the Dakota Access Pipeline.^[84]

Libor Index Settlement

Preceded by other banks involved in the Libor Scandal, Citibank in June 2018 reached a settlement with 42 U.S. states to pay a $100 million fine due to societary informative on over-night market-evaluations of the London Inter-bank Offered Rate.^[85]^[86] Libor index is widely used as a reference rate for many financial instruments both in financial and commercial fields.

Sponsorship

Citibank sponsors Citi Field, home of the New York Mets baseball club ^[52] as well as the Washington Open tennis championship.^[87]

Citibank became a sponsor of the Australian Rugby Union team in 2001 for a three-year deal,^[88] and a major sponsor of the Sydney Swans in 2005, who play in the Australian Football League.^[89]

In the late 1970s, First National City was heavily involved in Indy Car racing, sponsoring major drivers like Johnny Rutherford^[90] and Al Unser, Sr. Unser won the 1978 Indianapolis 500 in First National City Travelers Checks livery.

In media

See also

References

1. ^¹²³⁴⁵{{cite web | url=https://www.sec.gov/Archives/edgar/data/831001/000083100117000038/c-12312016x10k.htm | title=Citigroup, Inc. 2016 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}
2. ^Citigroup Material Legal Entities
3. ^{{cite news| title=AmEx Outduels Citigroup for Exclusive Rights to Hilton Cards| url=https://www.bloomberg.com/news/articles/2017-06-01/american-express-wins-exclusive-rights-for-hilton-credit-cards| last=Surane| first=Jennifer| date=June 1, 2017| newspaper=Bloomberg News| accessdate=March 6, 2018}}
4. ^{{cite news| url=https://www.washingtonpost.com/wp-dyn/content/article/2008/11/23/AR2008112301864_pf.html| title=Government unveils bold plan to rescue Citigroup| first=Jeannine | last=Aversa| agency=Associated Press| newspaper=The Washington Post| date=November 24, 2008}}
5. ^{{cite news| url=http://money.cnn.com/2010/03/30/news/companies/banks.tarp.fortune/index.htm| title=Citi repaid its Troubled Asset Relief Program loans in December 2010| first=Colin| last=Barr| journal=CNNMoney| date=March 30, 2010}}
6. ^{{cite news| url=http://content.time.com/time/magazine/article/0,9171,1873125,00.html|title=Citibank: Teetering Since 1812| last=Fox| first=Justin| date=January 21, 2009| journal=Time|access-date=January 20, 2018| language=en-US| issn=0040-781X}}
7. ^{{cite book| url=https://books.google.com/books?id=p4UpAQAAMAAJ| title=Citibank, 1812-1970| first=Harold| last=van B. Cleveland| work=Harvard University Press| date=January 1, 1985| isbn= 978-0674131750}}
8. ^{{cite news| title=City Bank Robber Taken| url=https://search.proquest.com/news/docview/548536442/fulltextPDF/A97E7E010C7747F0PQ/1?accountid=10226| accessdate=November 27, 2017|agency=New York Commercial Advertiser| newspaper=Connecticut Courant| date=April 5, 1831}}
9. ^America’s (Not Quite) First Bank Robbery, Jeff Nilsson, The Saturday Evening Post, March 16, 2013
10. ^{{cite news |title=Extending our Foreign Commerce |url=https://archive.org/stream/independen79v80newy#page/n54/mode/1up |newspaper=The Independent |date=July 13, 1914 |accessdate=August 14, 2012}}
11. ^{{cite news| url=https://www.nytimes.com/1921/03/09/archives/national-city-bank-buys-a-state-bank-negotiations-about-completed.html| title=National City Bank Buys a State Bank| newspaper=The New York Times| page=24| date=March 9, 1921}}
12. ^{{cite video| url=https://www.youtube.com/watch?v=o2tkicC0evk| title=The Crash of 1929 PBS Documentary| work=PBS| publisher=YouTube}}
13. ^{{cite news| url=http://www.slate.com/articles/news_and_politics/explainer/2011/01/youre_under_arrest_for_causing_the_great_depression.html| title=You're Under Arrest … for Causing the Great Depression: Very few people have been punished for the 2008 financial collapse. Did anyone go to jail in 1929?| first=Brian| last=Palmer| journal=Slate| date=January 25, 2011}}
14. ^{{cite news| url=http://www.argusleader.com/story/life/2016/10/04/looking-back-citibanks-south-dakota-invite-benefited-both/91548372/| title=Looking Back: Citibank's South Dakota invite benefited both| first=Eric| last=Renshaw| newspaper=Argus Leader| date=October 4, 2016| location=Sioux Falls, South Dakota}}
15. ^When the Jazz Age Crashed into the Great Depression WLRN.
16. ^Stock Market Crash of 1929 Federal Reserve History.
17. ^PBS makes a great lesson of the Great Depression in 'American Experience' series New York Daily News.
18. ^Too Big to Fail. Not Too Strong The American Prospect.
19. ^10 Reasons We'd Be Better off Without Ben Bernanke Alternet.
20. ^{{cite news| url=https://www.nytimes.com/learning/students/pop/floyd.html| title=Looking Back at the Crash of '29| first=Floyd| last=Norris| newspaper=The New York Times| date=October 17, 1999}}
21. ^{{cite news | url=http://www.tomdispatch.com/post/175032 | title=Tomgram: Steve Fraser, Locked into the Bailout State | first=Steve | last=Fraser | publisher=Tom Engelhardt | date=February 10, 2009}}
22. ^The Hellhound of Wall Street: Michael Perino on Ferdinand Pecora and the Great Depression New Jersey Council of the Humanities.
23. ^Can Angelides Panel Bring Justice to Wall Street? Newsweek.
24. ^{{cite episode| url=https://www.pbs.org/wgbh/frontline/article/were-bankers-jailed-in-past-financial-crises/| title=Were Bankers Jailed In Past Financial Crises?| network=PBS| series=Frontline| date=January 22, 2013| first=Jason M.| last=Breslow}}
25. ^[https://www.bloomberg.com/view/articles/2013-05-24/when-the-senate-went-after-wall-street When the Senate Went After Wall Street] Bloomberg News#Bloomberg View.
26. ^{{cite journal| url=http://quod.lib.umich.edu/h/humfig/11217607.0001.203?view=text;rgn=main| title=The Taming of Economic Aristocracies| last=Blomert| first=Reinhart| volume=1| issue=2| journal=Human Figurations| date=July 2012| publisher=University of Michigan}}
27. ^{{cite journal| url=http://www.americanbar.org/publications/blt/2016/06/12_dravis.html| title=Corporate Governance – Woven into the Fabric of Capitalism| journal=Business Law Today| last=Davis| first=Bruce| date=June 2016| publisher=American Bar Association}}
28. ^Damnation of Mitchell Time 1929.
29. ^{{cite journal| url=http://www.nakedcapitalism.com/2009/07/guest-post-review-of-ferdinand-pecoras.html| title=Guest Post: Review of Ferdinand Pecora’s "Wall Street Under Oath"| journal=Naked Capitalism| date=July 19, 2009}}
30. ^{{cite book| last=Aliano| first=David| title=Mussolini's National Project in Argentina| url=https://books.google.com/books?id=myEsAwAAQBAJ&pg=PA131| publisher=Fairleigh Dickinson University Press| page=131| isbn=978-1611475777| date=August 31, 2012}}
31. ^{{cite news| url=https://www.telegraph.co.uk/news/obituaries/1469477/James-Stillman-Rockefeller.html| title=Obituaries: James Stillman Rockefeller| newspaper=The Daily Telegraph| date=August 16, 2004| location=London}}
32. ^{{cite news| url=https://www.nytimes.com/2004/08/11/business/james-s-rockefeller-102-dies-was-a-banker-and-a-24-olympian.html| title=James S. Rockefeller, 102; dies; Was a Banker and '24 Champion| first=Wolfgang| last=Saxon| newspaper=The New York Times| date=August 11, 2004}}
33. ^{{cite news| url=https://www.washingtonpost.com/wp-dyn/articles/A25323-2005Jan20.html| title=Walter B. Wriston, 85; Chairman of Citicorp| first=Patricia| last=Sullivan| newspaper=The Washington Post| date=January 21, 2005}}
34. ^{{cite web |url=https://collection.cooperhewitt.org/people/18041325/ |title=Dan Friedman |author=Cooper Hewitt, Smithsonian Design Museum |accessdate=January 25, 2017 | publisher=Smithsonian Institution}}
35. ^{{cite news| url=https://www.nytimes.com/1987/12/15/business/bank-of-boston-in-big-write-off-of-latin-loans.html| title=Bank of Boston In Big Write-Off Of Latin Loans| first=Eric N.| last=Berg| newspaper=The New York Times| date=December 15, 1987}}
36. ^South Dakota Statutes 54-3-1.1: Rate of Interest
37. ^[https://www.theatlantic.com/business/archive/2013/07/how-citibank-made-south-dakota-the-top-state-in-the-us-for-business/425661/ The Atlantic: How Citibank Made South Dakota the Top State in the U.S. for Business]
38. ^{{cite news| url=http://articles.chicagotribune.com/2005-06-03/business/0506030188_1_card-portfolio-credit-card-lord-taylor| title=Department store credit business sold to Citigroup| newspaper=Chicago Tribune| date=June 3, 2005}}
39. ^{{cite news| url=http://www.bizjournals.com/cincinnati/stories/2005/05/30/daily22.html| title=Federated to sell credit card business for $4.5 billion| first=Lisa Biank| last=Fasig| newspaper=Cincinnati Business Courier| date=June 2, 2005| subscription=yes}}
40. ^{{cite news| url=https://www.bizjournals.com/newyork/news/2013/09/09/citi-takes-over-best-buys-credit.html| title=Citi takes over Best Buy’s credit card program| first=Lance| last=Murray| newspaper=New York Business Journal| date=September 9, 2013}}
41. ^{{cite news| url=https://www.washingtonpost.com/business/economy/capital-one-sells-best-buy-credit-card-portfolio-to-citigroup/2013/02/19/9b4ba18a-7ab6-11e2-a044-676856536b40_story.html| title=Capital One sells Best Buy credit card portfolio to Citigroup| first=Danielle| last=Douglas| newspaper=The Washington Post| date=February 19, 2013}}
42. ^{{cite news| url=http://www.latimes.com/business/la-fi-costco-visa-20160623-snap-story.html| title=Costco's launch of new Citi Visa card leaves angry customers on hold| first=Ellen| last=Cannon|newspaper=Los Angeles Times| date=June 23, 2016}}
43. ^{{cite news| url=http://www.latimes.com/business/la-fi-costco-visa-20150302-story.html| title=Costco names Citi, Visa as new credit card partners after AmEx deal ends| first=Javier| last=Panzar | newspaper=Los Angeles Times| date=March 2, 2015}}
44. ^{{cite press release| url=http://www.businesswire.com/news/home/20060404005219/en/Citibank-7-Eleven-Sign-Agreement-Offer-Free-ATM| title=Citibank and 7-Eleven, Inc. Sign Agreement to Offer Free ATM Access to Citibank Customers in More Than 5,500 Stores| publisher=Citibank| via=Business Wire| date=April 4, 2006}}
45. ^Whois: citibank.com
46. ^{{cite web | url=http://www.atarimania.com/utility-atari-400-800-xl-xe-homebase_13760.html | title=Screenshot: Citibank Home Base}}
47. ^{{cite news| url=https://www.nytimes.com/2002/05/22/business/citigroup-pays-5.8-billion-for-bank-tied-to-perelman.html| title=Citigroup Pays $5.8 Billion For Bank Tied To Perelman| first=RivaD.| last=Atlas| newspaper=The New York Times| date=May 22, 2002}}
48. ^{{cite news| url=https://www.wsj.com/articles/SB1022018370674342800| title=Citigroup Will Buy Golden State In a $5.8 Billion Cash, Stock Deal| first=Paul| last=Beckett| newspaper=The Wall Street Journal| date=May 22, 2002}}
49. ^{{cite news| url=http://articles.latimes.com/1999/oct/05/business/fi-19032| title=Citibank Sued Over Late Fees; Class-Action Status Sought| agency=Reuters| newspaper=Los Angeles Times| date=October 5, 1999}}
50. ^{{cite press release| url=http://www.businesswire.com/news/home/20040824005385/en/Citigroup-Acquire-American-Bank-Texas| title=Citigroup to Acquire First American Bank in Texas| publisher=Citigroup| via=Business Wire| date=August 24, 2004}}
51. ^{{cite news| url=http://www.bizjournals.com/philadelphia/news/2013/12/17/citibank-pulling-out-of-philadelphia.html| title=Citibank closing all remaining Philadelphia branches| first=Jeff| last=Blumenthal| publisher=Philadelphia Business Journal| date=December 17, 2013}}
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