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July 02, 2015 5:29 AM ET

Banks

Company Overview of Citibank, National Association

Company Overview

Citibank, National Association provides commercial and consumer banking products and services. Its products and services include e-savings; checking, savings, and money market accounts; certificates of deposit; credit cards; mortgages and student loans; individual retirement accounts and rollovers; investments; insurance; and special relationship accounts. It also offers online banking, including bill payment, e-mail and wireless alerts, inter institution transfers, wire transfers, debit cards and reward programs, overdraft protection, and foreign currency with World Wallet services, as well as provides mobile banking services, such as viewing transactions, transferring funds, and paying bil...

399 Park Avenue

Front 1

New York, NY 10043

United States

Founded in 1812

Phone:

212-559-1000

Fax:

212-559-7373

Key Executives for Citibank, National Association

Chief Executive Officer
Age: 62
Chief Financial Officer and Director of Citibank Credit Services
Age: 73
Chief Executive Officer of Citi BahrainCiti Bahrain
Chief Executive Officer - Middle East
President of Citibank of San Diego
Compensation as of Fiscal Year 2015.

Citibank, National Association Key Developments

Citigroup Inc. and Citibank N.A. Announces Management Changes

On April 28, 2015, the Board of Directors of Citigroup Inc. appointed Peter B. Henry to the Audit Committees of each of Citigroup and Citibank, N.A., effective July 1, 2015. In addition, Mr. Henry will join the Board of Directors of Citibank N.A. on July 1, 2015. On April 28, 2015, Citigroup's Board of Directors approved the appointment of James Forese as President of Citigroup, effective June 1, 2015, in addition to his role as Chief Executive Officer of Institutional Clients Group (ICG). Forese currently serves as Co-President of Citigroup and CEO of ICG, having been appointed to such positions on January 7, 2013. Previously, he was CEO of Citigroup's legacy Securities and Banking business in ICG from January 2011 to January 2013, co-head of Global Markets from August 2008 to January 2011, and has served in numerous other roles at Citigroup since joining Salomon Brothers in 1985.

Citibank To Exit Argentina Custody Business

Citibank, National Association will quit the custody business in Argentina after a United States judge refused to let the bank process local bond payments just weeks before deadline for the nation to pay bondholders. Citigroup may sell portions of the business or end some customer relationships, according to a letter to Thomas Griesa, District Judge from Karen Wagner, Citigroup's lawyer. Argentina's economy ministry had no immediate comment.

Davivienda And Aval Reportedly Eyeing Citibank Assets

Citibank, National Association is planning to sell assets. The company intends to sell its retail banking operations in six Latin American countries in early March 2015, including Costa Rica, El Salvador, Nicaragua, Guatemala, Panama and Peru. Grupo Aval Acciones Y Valores S.A. (BVC:GRUPOAVAL) and Banco Davivienda, S.A. (BVC:PFDAVVNDA) are reportedly interested in Nicaragua and Panama, respectively.

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