• “Responsibility at young age”
• “Strong brand image and reputation”
• “Steep learning curve”
• “Cut throat"
• "Dog-eat-dog culture”
• “Lot of politics, especially at senior management positions”
ABOUT THIS COMPANY:
A changing Citi
Citigroup Inc. (now commonly referred to as simply Citi) serves over 200 million customer accounts in more than 100 countries and has over 265,000 employees worldwide. Citi had traditionally been revered as the world’s largest financial services group, but the financial crisis has not been kind to this global giant. During the crisis, Citi has seen billions of dollars wiped off its market value, laid off nearly 100,000 employees worldwide since the start of 2008, received US$45 billion in assistance from the U.S. government and sold off some non-core assets in 2009— including its U.S. and Japanese brokerage arms.
For many years, Citi operated its businesses through four key areas: markets and banking, global consumer banking and global cards, global wealth management and alternative investments. In October 2007, Citi merged its markets and banking unit with its alternative investments group to create an institutional clients group, with the aim of offering the full range of corporate and investment banking services. Then in January 2009, given the dramatic and profound changes in the markets, Citi restructured its businesses into two primary segments: Citicorp and Citi Holdings. Citicorp is now the core franchise of institutional and consumer businesses, aiming to be the source of Citi’s long-term profitability and growth, while Citi Holdings' assets are planned to be managed to optimize their value over time.Become a Gold Member or Log in to read the entire Scoop
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