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Citigroup Inc. (TARP bailout by U.S. Government)

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Beautifully engraved certificate from Citigroup Inc. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of allegorical figures and a wold globe. This item has the printed signatures of the Company's Chairman and Secretary.

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Citigroup Inc., doing business as Citi, is a major American financial services company based in New York, NY. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, 1998. Citigroup Inc. has the world's largest financial services network, spanning 107 countries with approximately 12,000 offices worldwide. The company employs approximately 300,000 staff around the world, and holds over 200 million customer accounts in more than 100 countries. It is the world's largest bank by revenues as of 2008. It is a primary dealer in US Treasury securities and its stock has been a component of the Dow Jones Industrial Average since March 17, 1997. Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive bailout by the U.S. government. Its largest shareholders include funds from the Middle East and Singapore.

On February 27, 2009 Citigroup announced that the United States government would be taking a 36% equity stake in the company by converting $25 billion in emergency aid into common shares. Citigroup was formed on October 8, 1998, following the $140 billion merger of Citicorp and Travelers Group to create the world's largest financial services organization.

About Citigroup
 
Citibank, N.A., the primary U.S. banking subsidiary of New York City-headquartered Citigroup, was founded in 1812 as City Bank of New York, adopting its current name in 1976. It operates globally, providing checking, savings, credit cards, loans, mortgages, and investment products to consumers, small businesses, and corporations in nearly 160 countries, despite U.S. branch concentration. Citigroup profits from global consumer banking, particularly card operations and institutional client services, earning revenue through interest, fees, and securitization.