Citigroup Decline|usfst.com

Where did it all go wrong for Citigroup? When it was formed by the merger of Citibank and Traveler’s Group in 1998, it was envisaged as the epitome of the modern financial services firm.

Fast forward to 2009. At the end of January, CEO Vikram Pandit announced losses of $18.7 billion for the previous year and that Citi would ‘realign’ itself into two separate sections, Citicorp and Citi Holdings.

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