Citigroup and the ‘financial supermarket’ experiment | FT Film

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The 1998 mega-merger between banking giant Citicorp and insurer Travelers Group created the world’s biggest financial services company. But Citi’s share price plummeted and the group has been hit by a series of scandals. The FT looks at what went wrong and how the bank can turn itself around

#citigroup #citibank #travelersgroup #banks #finance #financialmarkets #markets

00:39 A series of scandals
04:44 The record merger
12:40 The fallen giant
14:33 The revamp

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33 COMMENTS

  1. It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?

  2. Citi still has the worst IT amongst all US banks, both front end and back end. The result of “old school” leadership that doesn’t know anything about technology and in turn drives valuable customers away.

  3. Citi also tells the story of USA…..
    As american businesses retreated across the world ….Citi would follow them.
    The rise of local banks or Asian banks shows that they are better in running local banks compared to Citi.
    Citi used to be the best bank in South East Asia…..now it had just sold out.
    Last time I buy many American products…..now I hardly buy American products except for Apple ( made in China).
    America is retreating back to USA….where Trump will protect the local companies with tariffs.
    The poor are suffering as their basic goods prices have shot up with the tariffs.
    More homelessness expected.

  4. The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

  5. Overall, 51% of investors think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025

  6. Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring…managed to grow a nest egg of around 200k to a decent 632k in the space of a few months… I'm especially grateful to Craig Reeder, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

  7. Sandy Weill and John Reed were about as culturally different from each other as two people could possibly be. You're talking Wall Street versus Park Avenue, downtown versus uptown, really different. When I read that they would be co-CEOs, I just thought, "that can't possibly last long." Reed was gone in short order.

  8. Yes!! When anything beyond certain amount gets transferred, it’s always, and I mean always gets double checked. Sometimes with pre-approval basis. So, no possibility of getting screwed with such an amount erroneously transferred. Now; if anyone wants to cook a “duck roast” – an additional “zero” could be inserted later. But then again; such record can be checked for potential espionage.

  9. Interview a Wells Fargo guy? how bout a piece on them illegally opening unsuspecting victims accounts without their knowledge or consent

  10. If the 2008 crisis and others clearly demonstrate, we NEED LEGISLATION to prevent subprime mortgages and other high risk rubbish these banking spivs are fooling around with.

    Nice report BUT could you please stop jumping from one person to another like some hyperactive frog jumping from one lilly pad to another.

  11. لا بدل بدينك في مال اعلانات بينات انا اسلام طلب بنستيحة ديمقراطية والحسب رببلكان الدولة الاكبروي في العالم اين الدول اربا لا بدل بشريعة اسلامية انا رضا ومستعد ومتاكد الان لينصرني بدين اسلامية والشرع الاميركي

Comments are closed.