Talk:Citibank/Archives/2013

Question: When did the ID Theft commercials first come around?

I've only recently seen them, yet an article dated 2004 mentions them. (Article: here)

Question: Where is the Y ?

The Bank was originally the "National City Bank of New York", as seen in the articly. This can be neatly shortened to "Citybank". But it was shortened to "Citibank". Does anyone have an explanaition for that ? I'm puzzled. This is what they have to say:

"1976 - The First National City Corporation holding company changes its name to Citicorp to better suit its global businesses."

Source: Citigroup Website

I suppose they refer to the shortening of the name and dropping of "national" as better suiting, as i can not conceive how the y>i-change should make any change in citicorps global businesses. I would greatly appreciate an answer. Thank you in advance.--83.189.43.162 23:14, 29 August 2006 (UTC)

Question: What NA stands for in citibank NA?

I think the above belongs to the previous section, "y→i". The NA means North America. — Preceding unsigned comment added by Reynard2007 (talk • contribs) 19:12, 18 November 2011 (UTC)

No, it means National Association. Fat&Happy (talk) 19:25, 18 November 2011 (UTC)

Reason for reversion to stub

That wonderfully complete article was actually compiled by combining copyrighted material from multiple websites. I went looking and found blocks of text copied directly from [1], [2], [3]. At that point I stopped looking. I assume that ALL of the new text is copyvio. I left a message on the contributor's talk page explaining why I was going to undo his edit, then reverted to the last non-copyvio version -- a stub. SWAdair | Talk 10:24, 4 Jun 2004 (UTC) Citibank NA means Natinal associated —Preceding unsigned comment added by 192.193.221.141 (talk) 06:31, 29 April 2008 (UTC)

What's the deal with Aziz?

Did Citibank have some nefarious role in making him PM of Pakistan? That seems to be what the article insinuates, but no evidence is given. - Sekicho 22:46, Aug 2, 2004 (UTC)

I agree, this is not NPOV: extraordinary claims require extraordinary evidence. I've removed this claim from the article -- if someone has evidence that Citibank actually played a role in him becoming PM, please re-add the claim along with some evidence for it. Neilc 17:35, 27 Aug 2004 (UTC)

Citibank History

Citibank bought CalFed back in 2002. I think it was for 5.8 billion dollars? Dunno the exact amount. - Allyunion 10:04, 26 Aug 2004 (UTC)

Criticism section needed

Aside from Enron and WalMart, isn't Citibank like the most often criticized company in America?

--LegCircus 04:28, Aug 31, 2004 (UTC)

What about Citibank's connection to the Enron Nigerian Barge scandal? There's nothing on the page about that. Anybody have anything about it? Tnek46 06:27, 25 April 2007 (UTC)

The total lack of a criticism of this bank, so widely known to have problems, dubious credit practices, etc. should raise a red flag to Wikipedia. Is someone deleting criticisms?

Beau in NC (talk) 01:58, 29 June 2009 (UTC)

Plus the gross negligence resulting in a totally insecure web application [4]... 66.11.179.30 (talk) 23:54, 17 June 2011 (UTC)

Walter Wriston

Walter Wriston's name should be mentioned in this article. He led the bank through the development of the ATM and through the creation of the new consumer banking culture.

McDogm Apr 28 2005 0946 est usa

Largest Bank?

According to WikiPedia http://en.wikipedia.org/wiki/Banking_in_the_United_States and the source listed there http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx Citigroup is the largest bank in the world with both Bank of America and JP Morgan Chase & Co. behind it. This page says it is the third largest citing: http://www.infoplease.com/ipa/A0763206.html. Which source is right? I'm more willing to trust the government page over the infoplease site. Perhaps it needs to be changed? —Preceding unsigned comment added by 216.239.10.103 (talk • contribs)

From what I am gathering, the new page stating citi as number 3 is referring to individual branch holdings (probably from acquisitions) as those branches are not those bank's HQs. I am wondering why the revision with deletion of the old article??? the old one had much more info even though somewhat POV. Citigroup is still considered of the top publically traded company in the world maybe he sees a big difference between citi group and bank but forbes does not(i'll get a link supporting when I get a chance have to run). Axedmt 20:57, 13 May 2007 (UTC) here is a link for 2007 international 2000 http://www.forbes.com/lists/2007/18/biz_07forbes2000_The-Global-2000_Rank.html#cooliris Axedmt 21:23, 13 May 2007 (UTC)

This wiki article: http://en.wikipedia.org/wiki/Banking gives an accurate ranking of world financial institutions in various categories. As Citigroup/Citibank is first or second in most categories, while no other bank is ranked consistently this high in all the categories, I think it is accurate to describe Citibank as 'arguably' the largest financial organization of its kind, depending on ranking used.

Note also that a previous edit of this article stated the Industrial Bank of China as the largest in the world - but this is not the case as its assets and other metrics are not number one. —The preceding unsigned comment was added by 24.15.249.123 (talk) 02:28, August 24, 2007 (UTC)

Subsidaries Correctness and completness

The Subsidaries section of the article doesn't reflect the same info that the FDIC website has. For example Citibank N.A. (Nevada) still exists, as does Citibank N.A. (No state -- the original NYC bank) Also Citigroup has an new credit card bank subsidiary called Department Stores National Bank that issues credit cards for Macy's, Bloomingdales, etc.. So I tagged it with the unverified tag.. Its almost correct, but not quite. —Cliffb 22:52, 10 February 2007 (UTC)

Urgent Revision

This article requires revision, as CEO Chuck Prince has resigned. http://news.bbc.co.uk/1/hi/business/7078251.stm Beck13 09:24, 5 November 2007 (UTC)

Citi Field

I added the clarification tag to the date of announcement for Citi Field because year 6547 is obviously wrong. If this is not meant to be a year and is some other number of significance, the sentence should be rephrased and clarified. 14:47, 11 March 2009 (UTC)

Where is the Latin American Debt Crisis Info?

Where is the information on the commercial banking crisis of the late 1980's-early 1990's with the big regional U.S. banks that had lent to Latin America governments, when Latin American governments were reneging on their repayments? The Latin American debt crisis is nearly 10 years worth of banking history, when Citibank had to solicit Prince Alwaleed for his investment in the bank. This probably happened in 1990 or 1991 but I am uncertain of the exact year. It also caused the merger of Manufacturers Hanover and Chemical Bank, the merged Chemical Bank with Chase Manhattan and Bankers Trust with Deutsche Bank... Where is this stuff? Stevenmitchell (talk) 17:20, 9 December 2009 (UTC)

Hackers steal millions?

I keep hearing on the news that "hackers in Russia" have stolen millions of dollars (Wall Street Journal) from Citibank, according to the FBI, and that Citibank is denying that it happened. Why is there nothing yet in the article about this incredible controversy? David spector (talk) 18:35, 22 December 2009 (UTC)

CitiBank Haiti

http://www.reuters.com/article/idUSTRE60N1YF20100124

CitiBank Haiti is working out the the ScotiaBank building after the 2010 Haiti earthquake

70.29.210.242 (talk) 12:21, 31 January 2010 (UTC)

Sanford Weill

Sanford Weill... Has anyone every heard of him? Why isn't he mentioned in the article? Actually, why was he removed from the article? It is like removing Bernie Madoff from an article on investment fraud. Well, I suppose they would have more in common actually... Stevenmitchell (talk) 08:30, 21 May 2011 (UTC)

Hints of one-sidedness?

Earlier this year: http://www.google.com/search?q=citibank+hacked

As a relatively recent incident and one that, notable in itself (by major newspapers writing multiple articles about it), and part of a larger incident (hackings this year), I would expect there to be at least a link in a See Also that would list this.

Meanwhile, this is in the lede:

"As a result of the global financial crisis of 2008–2009 and huge losses in the value of its subprime mortgage assets, Citibank was rescued by the U.S. government under plans agreed for Citigroup. On November 23, 2008, in addition to initial aid of $25 billion, a further $25 billion was invested in the corporation together with guarantees for risky assets amounting to $306 billion.[2] Since this time, Citibank has repaid its government loans in full. [3]"

Why is it important that Citibank had a loan and paid it? At least, why is it important enough to note that a years-old loan was repaid in full in the lede? Does it help define Citibank? How does it make Citibank stand out among major international banks? How does it show Citibank to be interesting and notable? Is it one of the most important points or a subject of controversy?

--Raijinili (talk) 05:55, 28 September 2011 (UTC) Agreed Rudolfensis (talk) 20:47, 24 October 2011 (UTC)

Steal from our customer is a business decision

“Stealing from our customers is a business decision, not a legal decision.”It seems there was an affair about systematic misconduct by the Citibank. I guess some lines should be include within the article.

• http://www.bankruptcylawnetwork.com/citibank-says-stealing-from-our-customers-is-a-business-decision/
• http://liarsandcheats.info/citi-bank-crimes-documented/2010/07/10/california-judgment-against-citibank-for-stealing-customer-funds/

Yug (talk) 20:36, 2 November 2011 (UTC)

It's covered in the Citigroup article, using a reliable source. Feel free to move it here if you consider this article a better fit (it probably is), but there's no need to duplicate in both places. Fat&Happy (talk) 21:41, 2 November 2011 (UTC)

I think it should be moved here.Beefcake6412 (talk) 22:18, 2 November 2011 (UTC)

After a 21 year relationship of faithful on-time payments; Citibank's response to my financial hardship was to slap A 29.9% interest rate to my balance with no discussion, I will never do business with them again. — Preceding unsigned comment added by 173.67.32.223 (talk) 01:40, 14 April 2012 (UTC)