Citi Holdings

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Citi Holdings

With Citigroup's reorganization of 2009, Citi Holdings — which would account for $850 billion of Citigroup's $1.95 trillion in assets — would include Citi's asset management and consumer finance segments, including CitiMortgage and CitiFinancial. It would also be in charge of Citi's 49 percent stake in the joint brokerage with Morgan Stanley, and the pool of about $300 billion in mortgages and other risky assets that the U.S. government agreed to backstop in late 2008.

The new Citicorp would include the retail bank; the corporate and investment bank; the private bank, which serves wealthy individuals; and global transaction services.[1]

With the reorganization of 2009, Citi Holdings — which would account for $850 billion of Citigroup's $1.95 trillion in assets — would include Citi's asset management and consumer finance segments, including CitiMortgage and CitiFinancial. It would also be in charge of Citi's 49 percent stake in the joint brokerage with Morgan Stanley, and the pool of about $300 billion in mortgages and other risky assets that the U.S. government agreed to backstop in late 2008.

The new Citicorp would include the retail bank; the corporate and investment bank; the private bank, which serves wealthy individuals; and global transaction services.[2]

History

Products and Services

Key People

References

  1. Citigroup Posts Loss, Splits Up The Bank. AP.
  2. Citigroup Posts Loss, Splits Up The Bank. AP.