Citibank is the customer banking subdivision of multinational financial Citigroup. The Citibank group was established more than two hundred years ago, namely in 1812 as the City Bank of New York. Later it has become First National City Bank of New York. In 2010 Citi Bank group of companies has become the third largest bank holding company in the United States by total assets following only the Bank of America and JPMorgan Chase. Currently Citibank is a global bank with almost four thousand branch locations in 36 countries all over the world. Besides the company is one of the leading liquidity providers operating on the international financial markets and renders its services in this role to multiple online currency trading brokers.
In addition to traditional banking transactions and services, Citibank group works with markets insurance, credit cards and a wide variety of investment products. The bank’s online services division is among the most successful in the industry serving currently about fifteen million users. As a result of the global financial crisis of 2008 and immense losses in the value of its subprime mortgage assets, the group was bailed out by the aid from the United States government under plans agreed for Citigroup. Since 1992 Citigroup started its operations in CIS countries including the Russian Federation being one of the first international banks to enter the Russian market.