Citigroup

Citigroup Inc. {{nyse|C}} is one of the largest financial services company in the world. As of 2005 it is the third largest company in terms of market capitalization and the second largest in terms of assets. The formation of Citigroup was announced on April 7, 1998 through a merger of Citicorp and Travelers Group. It was the first US company to combine banking with insurance underwriting since the Great Depression. The company has over 275,000 employees and over 200 million customer accounts in 100 countries.

Market share

Although it is one of the largest companies in the world, Citigroup only had a 5 percent global market share of its industry in 2003. The financial services sector, though the largest industry in terms of earnings, is also the most fragmented in terms of companies. Citigroup had a 10% share of the "capital markets & banking" (corporate and investment bank division) in 2003 (http://www.citigroup.com/citigroup/fin/data/p040602.pdf). The Thomson Financial League Tables tracks the underwriting and M&A segment of that in more detail.

Related Topics:
Market share - Financial services - Industry - Thomson Financial League Tables

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2003 global (except Retail Banking) market share:

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• Capital Mrkts. & Banking: 10%
• Consumer Finance: 6
• Private Client Services: 5
• US Retail Banking: 4
• Transaction Services: 2
• Private Bank: 2