Citigroup is an American banking and financial services holding company. It provides banking and lending services, corporate finance, as well as securities transactions and asset management to individuals, corporations and public institutions. Citigroup, or Citi as more widely known, was formed in 1998 by the merger of the banking institution Citicorp and the financial corporation Travelers Group. The corporation has currently more than 200 million clients in 139 countries worldwide and more than 2,000 banking offices in 5 continents.
Until the financial crisis of 2008, Citi was the largest bank and company by assets in the world, with more than 356,000 employees. It was, also, a primary dealer in US treasury securities, with the largest financial service network in the world. Now, Citigroup operates through two main divisions; Citicorp, which deals with retail sales and investment banking and Citi Holdings, which offers brokerage and management services. It is one of the Big Four banks in the US, along with JP Morgan Chase, Bank of America and Wells Fargo.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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