Citi Bank & Citigroup "Citi's Yard Sale"

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Replied by ColoNative on topic Re: Citi Bank & Citigroup "Citi's Yard Sale"

Colo - try this... I obtained a checking account from Citicorp


I just always thought they were cool. It has been sad to see them pretty much fall flat on their faces. I still wish they would go back to Citicorp with that cool old logo with the star at the end. Oh well, things change I guess.
14 years 3 days ago #46
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Replied by Wanderer on topic Re: Citi Bank & Citigroup "Citi's Yard Sale"

Colo - try this... I obtained a checking account from Citicorp :bank: in 1979 when they first rolled out their attempt at national banking issued on the new Citibank South Dakota (to get around usuary laws in most states). Frankly, it was a hassle as everything was by mail. Slow and hard to deal with... no brick and motar or internet. Closed it soon thereafter. They stopped it for a period of time and I forgot about them. Got my first Gold Visa from Citibank in 1973 when they turned me down so I wrote the bank president where they determined I was their kind of people (back then $5,000 CL was the magic for a gold card with the frills - not much by our standrads today). Oh yes the big boy bank. :cc:
14 years 3 days ago #47
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Replied by ColoNative on topic Re: Citi Bank & Citigroup "Citi's Yard Sale"

[B

BY RANDALL SMITH [/B]

It is probably the biggest garage sale ever]

They should have never merged with Travelers. What a nightmare. They used to be such a great company as Citicorp.
14 years 3 days ago #48
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was created by Wanderer

BY RANDALL SMITH

It is probably the biggest garage sale ever: credit cards, mortgages, brokerage operations, a door-to-door insurance business, even a ski lodge that Citigroup Inc. amassed as it tried to build a financial supermarket to the world.

Now that the dream is gone, the New York company is working hard to get rid of assets it no longer wants, still haunting Citigroup more than two years after the financial crisis hit. Fourteen months into the sales process, though, it is clear executives are in for a long, hard slog.

As published in the Wall Street Journal on March 25, 2010

:piggy:
14 years 3 days ago #49