Citigroup
A global bank that serves people, companies and governments in many countries.
📖 Its story
In 1812, the City Bank of New York opened, and its first president was Samuel Osgood. Over the years it grew and joined with other companies until it became Citigroup. Today it is one of the biggest banks in the United States.
💵 How it makes money
It charges interest on loans and fees for moving money between countries and serving companies.
🤯 Fun fact
In 2001 it bought Banamex, one of the oldest banks in Mexico.
👍 The good part
It helps companies all over the world send and receive money between countries.
⚠️ The risk
Because it works in many countries, it's affected by crises and rule changes in each one.
🧠 Did you get it?
What Mexican bank did Citigroup buy in 2001?
🗂️ Quick facts
- Founded in: 1812
- Founded by: Samuel Osgood (first president of the City Bank of New York)
- Home: New York, New York, USA
🔎 How to find it on the stock market
- Search the internet for C stock.
- You can also find it in your parents' investing app with the letters C.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Citigroup. Ask your mom or dad to join the list.
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