What is Citibank? - Explained

Citibank-Logo

Citibank Logo

1. What is Citibank?

Citibank is an American banking institution which provides financial solutions including Credit Cards, Mortgages, Personal Loans, Commercial Loans and Lines of Credit majorly. Citibank does have multiple operating locations around the world.

2. History

Citibank was founded in 16th June 1812 and the initial name of the bank was City Bank of New York. Citibank is currently operates as a subsidiary of the Citibank group and the Citigroup is traded publicly on the New York Stock Exchange. Citibank is currently headquartered in New York City, New York, USA.