Internship Report on Citi Bank Essay

11383 Words Jun 17th, 2011 46 Pages
INTERNSHIP REPORT
CITI BANK LIMITED
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SUBMITTED TO:

Head of internship committee. Department Of Business Administration Bahauddin Zakariya University Multan Sub Campus Sahiwal

SUBMITTED BY:

Muhammad Umair Waqas BBA(Hons.) 6th semester Roll no: BBS-06

Department Of Business Administration

Bahauddin Zakariya University Multan
Sub Campus Sahiwal

PREFACE

Banking sector owes a pivotal importance in the economy of any country through its vibrant functions. That is why being a banking and finance student it was necessary
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Citigroup Inc. (Citigroup and, together with its subsidiaries, the Company, Citi or Citigroup) is a global diversified financial services holding company whose businesses provide a broad range of financial services to consumer and corporate customers. Citigroup has more than 200 million customer accounts and does business in more than 100 countries. Citigroup was incorporated in 1988 under the laws of the State of Delaware. The Company is a bank holding company within the meaning of the U.S. Bank Holding Company Act of 1956 registered with, and subject to examination by, the Board of Governors of the Federal Reserve System (FRB). Some of the Company’s subsidiaries are subject to supervision and examination by their respective federal and state authorities. At December 31, 2008, the Company had approximately 134,400 full-time and 4,100 part time employees in the United States and approximately 188,400 full-time employees outside the United States. During 2008, the Company benefited from substantial U.S. government financial involvement, including (i) raising an aggregate of $45 billion through the sale of Citigroup non-voting perpetual, cumulative preferred stock and warrants to purchase common stock to the U.S. Department of the Treasury, (ii) entering into a loss-sharing agreement with various U.S. government entities covering $301 billion of Company assets, and (iii) issuing $5.75 billion of senior unsecured debt guaranteed by the Federal Deposit Insurance

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