Citibank

Citibank is the consumer banking division of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York. As of March 2010, Citigroup is the third largest bank holding company in the United States by total assets, after Bank of America and JPMorgan Chase.Citibank is a global bank with 3,777 branch locations in 36 countries. The United States is the largest single market with approximately 26% of branches, generating 51% of revenues. Citibank's 983 North American branches are concentrated in major metropolitan areas including New York City, Chicago, Los Angeles, San Francisco, Washington, D.C.
Posts about Citibank
  • Stealing from the Dead – Accounting Malpractice Post

    … cartels and money launderers out of the bank. Knowing that he could get caught at any minute, Singer jumped ship and took a job at Smith Barney. Once there, Singer introduced Smart to Citibank. Citi and Smith Barney are affiliates. Not knowing of the past due diligence problems and red flags found by Deutsche, Citibank agreed to loan Smart $31.5…

    Due Diligence- 17 readers -
  • Clock For FDCPA Claims Starts Running When The Bank Freezes Account

    … for the Southern District of New York Judge Naomi dismissed the FDCPA case. Mr. Benzemann appealed the decision to the Second Circuit Court of Appeals who agreed with Mr. Benzemann. The Second Circuit reversed the trial court’s decision and revived the case. In coming to its decision, Justice Pooler wrote: “Before Citibank froze Benzemann’s account…

    The Law Offices of Robert J Nahoum- 36 readers -
  • Mahany Speaks With IRS About New FBAR Initiatives

    … issued John Doe summonses against Bank of New York (Mellon), Citibank, JPMorgan Chase, HSBC and Bank of America seeking information about Bank of Butterfield (Bermuda). The IRS was fishing for Americans with unreported accounts in the Bahamas, Barbados, Cayman Islands, Switzerland, Guernsey, Hong Kong and the United Kingdom. They also issued subpoenas…

    Due Diligence- 14 readers -
  • Russian Mob, Big Banks and Whistleblowers

    … At first blush, it’s hard to imagine what whistleblowers, big banks and the Russian mob could have in common. A bank in the tiny country of Andorra, a country that measures just 180 square miles, holds the answer to that question. The U.S. Justice Department announced that Citibank, Bank of America and the U.S. subsidiaries of HSBC…

    Due Diligence- 15 readers -
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