What is the difference between Citi and Citigroup?

Because Citicorp is kind of at the parent level of Bank and group. Citicorp unit has 3 divisions CITI consumer banking, institutional client groups and corporate. Citigroup is mainly where investment banking is involved.Click to see full answer. Moreover, what does Citi stand for in Citibank?Citibank (stylized as citibank) is the consumer division of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York.Similarly, is Citibank going out of business? Citibank is closing down branches in its fastest-growing region — but the American banking group said that’ll actually help it do better than ever. The lender’s consumer business in Asia, its largest outside North America, registered its seventh consecutive quarter of growth in the first three months of 2018. Also to know, what is the Citi? The CITI program is an online training program designed to educate faculty and students about issues involving human subject research. The design and implementation of the program was funded by the Office of Research Integrity, the Department of Health and Human Services.How does Citibank make money?The primary business lines are credit cards, retail banking, mortgage origination, and commercial banking. For the first quarter of 2013, Citi took in slightly more than $10 billion in revenue in global consumer banking, making this the superbank’s top revenue generator.

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