With a client base that runs close to hundreds of millions, global brand in banking, Citibank, Initially started out as City Bank of New York. The bank widely acclaimed for efficient operations and services has a majority of its shares and customer base in the United States, with close to 26% from the country. They offer a lot of services apart from their banking. This includes insurance, credit cards and other similar services.
Citibank is more well-known for their online services. At least 15 million users are active on their online base and are known to utilize Citibank as their primary online banking partner.
Initially, the City Bank of New York was founded in 1812 by Samuel Osgood, who was the first president of the City Bank. It was used as a treasury and financial service for the owner’s business. Later, in 1863, Citi joined US banking system and at 1868, became one of the largest banks in the country.After the inception of the Federal Act, Citibank was allowed to become the first bank to start operating overseas; with offices in London, Shanghai and Calcutta.