Saturday, September 4, 2021

Basic timeline of Citigroup

This post is a basic timeline of Citigroup. There are 18 events listed below chronologically. Source: Wikipedia

  • City Bank of New York founded (1812)
  • Smith Barney is founded (1873)
  • Banamex is founded (1888)
  • Salomon Brothers is founded (1910)
  • City Bank of New York acquires International Banking Corporation (1918)
  • City Bank of New York merges with First National Bank of New York (1955)
  • First National City Corporation changes name to Citicorp (1974)
  • Travelers Group is becomes private from Control Data Corporation (1986)
  • Travelers Group acquires Salomon Brothers (1997)
  • Citigroup is formed from merger of Citicorp and Travelers Group (1998)
  • Citigroup acquires Associates First Capital Corporation (2000)
  • Citigroup acquires Banamex (2001)
  • Travelers Property and Casualty becomes private from Citigroup (2002)
  • Troubled Asset Relief Program bailout (2009)
  • U.S. government acquires 36% equity stake of Citigroup (2009)
  • Smith Barney merges with Morgan Stanley Wealth Management (2009)
  • U.S. government sells equity stake in Citigroup (2010)
  • Citigroup sells Smith Barney to Morgan Stanley Wealth Management (2013)