American multinational investment bank and financial services corporation formed by the 1998 merger of Citicorp and Travelers Group under Sandy Weill — briefly the world's largest financial institution.
The merger that created Citigroup directly caused the repeal of Glass-Steagall through lobbying, enabling the commercial-investment banking combination that became standard industry practice — and served as the cautionary model for over-diversified financial supermarkets.
Discussing
Ask anything about Citigroup — their ideas, influences, contradictions, legacy.
Sign in to start a conversation.