Travelers Group

Citigroup Information

Citigroup (NYSE:C) is the largest financial services company in the world, and during the past 4 years it has alternated with General Electric in being the largest market cap and profit corporation. Its formation was announced on April 7, 1998 through a merger of Citicorp and Travelers Group. It was the first US company to combine banking with insurance underwriting since the Great Depression, challenging the existing laws of the time. In 2003 it made 17.9 billion dollars in profit. The compnay has over 275,000 employees and over 200 million accounts in 100 countries.

Despite its size, it currently only has about a 5 percent market share in financial services in the United States (which is the largest industry and highly fragmented).

Overview Citigroup / Travelers Group

Further Information

Already got those 2 quotes? Get more auto insurance quotes!

This article has been derived fully or in part from Wikipedia, the free encyclopedia, and may have been extended by the Car & Auto Insurance Staff! The article is available under the terms of the GNU Free Documentation License (GFDL).
Rest: Copyright © 2005-2006 car-auto-insurance.org