Banking Industry : An American Multinational Banking And Financial Services

1478 Words Aug 10th, 2015 6 Pages
Introduction
The banking industry is a huge sector of business and finance that has existed in human civilization in some form for thousands of years. In the modern world, banks/financial institutions have become foundations of our economy for several reasons. They transfer risk, provide liquidity, facilitate both major and minor transactions and provide financial information to individuals and organizations.
Citigroup Inc. or Citi is an American multinational banking and financial services and as of January 1st, 2015 is the third largest bank holding company in the US by assets headquartered in Manhattan, New York City. Citigroup had the world 's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide and holds over 200 million customer accounts in more than 140 countries (Citi, 2015).
Like any other bank, Citi deals with many risks faced by financial industry in its day to day operations. The risks to which Citi Bank is particularly exposed in its day to day operations are: credit, market (interest rate, foreign exchange, equity and commodities risk), liquidity, systematic, operational, and Business risk. (We will discuss credit and market risk in details as part of this paper).
Describe the industry you selected? Based on your research (i.e., web-based, news releases, business journals, etc.), what risks does this industry currently deal with on a recurring basis (i.e., monthly, quarterly, annually)?Identify and describe a…
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