Who is the real owner of the Citigroup financial institution?

2023-06-18 09:34:18

Citigroup is one of the world’s largest and most recognized financial institutions, with a fascinating history that stretches back more than two centuries.

The company has experienced ups and downs, has overcome significant challenges and has left a lasting mark on the global financial industry.

In the case of his presence in Mexicotoday he is facing the process of selling his property that he failed to materialize to Grupo México de Germán Larrea, so now Citigroup will opt for an initial public offering (IPO).

IT MAY INTEREST YOU: AMLO insists on the government purchase of Banamex, after the negotiation between Citi and Germán Larrea collapsed

Citigroup, more than 200 years of history

Talking about Citigroup is talking about a financial institution that emerged in 1812, when the City Bank of New York was founded, so says its institutional page.

Throughout the 19th century, the institution grew rapidly and became one of the leading banks in USA. In 1894, it merged with National City Bank of New Yorkthus creating the largest national bank in the country at the time.

Today, in the 21st century, Citigroup faced a series of problems, engaged in risky investments and high-risk loans, which led to a financial crisis in 2008.

After this moment, Citigroup it was forced to receive a financial bailout from the United States government to prevent its collapse.

This episode exposed the weaknesses of the financial sector and led to the implementation of regulatory reforms.

Since that time, its owners have changed in more than 200 years and today, it has a wide variety of investors that are part of its structure. financial.

Citigroup web photo

YOU MAY BE INTERESTED: How did CitiBanamex start?

The current owners of the financial institution

As reported by the site MarketScreenerthe main owner shareholders are divided into two groups, but the main one is headed by the following owners:

The Vanguard Group with 8.29% of shares
SSgA Funds Management with 4.25% of shares
Berkshire Hathaway with 2.84% of shares
BlackRock Fund Advisors with 2.30% of shares
Geode Capital Management LLC with 1.81% of shares

In the case of Mexico, Citigroup It maintains operations through Banamex, however it will seek to continue as one of the leading financial groups in the country until its separation from the Mexican bank is achieved.

In addition, it will continue to offer a range of various products for the segments you are seeking to undo.

For more information, visit our YouTube channel.