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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)