4 0 obj Citigroup’s end-of-period deposits were $1.1 trillion as of quarter end, an increase of 6% from the prior-year period. Corporate Lending revenues of $732 million were largely unchanged (excluding gain / (loss) on loan hedges),  as growth in the commercial portfolio was offset by lower volumes in the rest of the portfolio. Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City. ��ih*�C(��Ȑ ���������of`dК��w`�ν�����{������r�dz,�r��+� ?��!L�#���3n��B�Pl�d]P6a�.$Xw�]���b��]��dN6�X�Q����Z'�b�B��N̟�����8�����)��S�|�;&Qj]�>���@6�z�ə��A��t����'�Q~~�\���, `"3�e@ March 1, 2019 . For the full year 2019, Citigroup reported net income of $19.4 billion on revenues of $74.3 billion, compared to net income of $18.0 billion on revenues of $72.9 billion for the full year 2018.

Dial-in numbers for the conference call are as follows: (866) 516-9582 in the U.S. and Canada; (973) 409-9210 outside of the U.S. and Canada. are referencedas ‘Citibank, N.A. During the quarter, Citigroup repurchased 69 million common shares and returned a total of $6.2  billion to common shareholders in the form of common share repurchases and dividends. According to s.1159 of the Act, a company is a "subsidiary" of another company, its "holding company", if that other company: The second definition is broader. (a) Includes gain of approximately $150 million related to the sale of the Hilton portfolio in 1Q'18. Subsidiaries are a common feature of business life and most multinational corporations organize their operations in this way. 2 0 obj <> Rating Report. endobj Advisory revenues declined 19% to $373 million, equity underwriting revenues increased 33% to $240 million and debt underwriting revenues increased 16% to $738 million. "daughter company = subsidiary: a company that is completely or partly owned by another company" Longman Business English Dictionary, "Daughter Company Definition from Financial Times Lexicon", "What Is the Difference Between a Subsidiary & a Sister Company? We enter 2020 in a strong competitive position, from capital and liquidity to talent and technology. Citigroup revenues of $18.4 billion in the fourth quarter 2019  increased 7%,  reflecting the higher revenues across both GCB and ICG, in addition to growth in Corporate / Other. it has the power to exercise, or actually exercises, dominant influence or control over it, or. Citigroup will host a conference call today at 11:30 AM (ET). (Dublin Branch)", https://en.wikipedia.org/w/index.php?title=Citibank_Europe&oldid=983102456, United Kingdom financial services company stubs, Creative Commons Attribution-ShareAlike License, This page was last edited on 12 October 2020, at 07:37. exposure, or rights, to variable returns from its involvement with the other company; and, the ability to use its power over the other company to affect the number of the company's returns (, holds a majority of the voting rights in it, or, is a member of it and has the right to appoint or remove a majority of its board of directors, or. These shares give the parent the necessary votes to determine the composition of the board of the subsidiary, and so exercise control. (a) Includes provision for unfunded lending commitments. Citigroup’s SLR for the fourth quarter 2019 was 6.2%,  a decrease from the prior quarter. Citigroup Inc. and Related Subsidiaries. Create an account, Consolidated Statement Of Comprehensive Income, Consolidated Balance Sheet (Parenthetical), Consolidated Statement Of Changes In Stockholders' Equity, Consolidated Statement Of Changes In Stockholders' Equity (Parenthetical), Consolidated Statement Of Cash Flows (Parenthetical), Summary Of Significant Accounting Policies, Discontinued Operations And Significant Disposals, Commissions And Fees; Administration And Other Fiduciary Fees, Securities Borrowed, Loaned And Subject To Repurchase Agreements, Brokerage Receivables And Brokerage Payables, Changes In Accumulated Other Comprehensive Income (Loss) (Aoci), Securitizations And Variable Interest Entities, Pledged Assets, Collateral, Guarantees And Commitments, Condensed Consolidating Financial Statements, Selected Quarterly Financial Data (Unaudited), Summary Of Significant Accounting Policies (Policies), Discontinued Operations And Significant Disposals (Tables), Commissions And Fees; Administration And Other Fiduciary Fees (Tables), Securities Borrowed, Loaned And Subject To Repurchase Agreements (Tables), Brokerage Receivables And Brokerage Payables (Tables), Changes In Accumulated Other Comprehensive Income (Loss) (Aoci) (Tables), Securitizations And Variable Interest Entities (Tables), Pledged Assets, Collateral, Guarantees And Commitments (Tables), Condensed Consolidating Financial Statements (Tables), Selected Quarterly Financial Data (Unaudited) (Tables), Summary Of Significant Accounting Policies - Additional Information (Details), Summary Of Significant Accounting Policies - Accounting Changes (Details), Discontinued Operations And Significant Disposals - Discontinued Operations (Details), Discontinued Operations And Significant Disposals - Significant Disposals (Details), Commissions And Fees; Administration And Other Fiduciary Fees - Additional Information (Details), Commissions And Fees; Administration And Other Fiduciary Fees - Commissions And Fees Revenue (Details), Commissions And Fees; Administration And Other Fiduciary Fees - Administration And Other Fiduciary Fees (Details), Incentive Plans - Annual Incentive Awards And Compensation Allowances (Details), Incentive Plans - Unvested Stock Awards (Details), Incentive Plans - Performance Share Units (Details), Incentive Plans - Stock Option Activity (Details), Incentive Plans - Stock Options Outstanding (Details), Incentive Plans - Incentive Compensation Cost (Details), Retirement Benefits - Net (Benefit) Expense (Details), Retirement Benefits - 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Estimate Fair Value Of Financial Instruments Not Carried At Fair Value (Details), Fair Value Elections - Changes In Fair Value Gains (Losses) (Details), Fair Value Elections - Valuation Adjustments, Fair Value Option For Financial Assets And Financial Liabilities (Details), Fair Value Elections - Certain Structured And Non-Structured Liabilities (Details), Pledged Assets, Collateral, Guarantees And Commitments - Pledged Assets (Details), Pledged Assets, Collateral, Guarantees And Commitments - Restricted Cash (Details), Pledged Assets, Collateral, Guarantees And Commitments - Lease Commitments (Details), Pledged Assets, Collateral, Guarantees And Commitments - Guarantees (Details), Pledged Assets, Collateral, Guarantees And Commitments - Credit Commitments And Lines Of Credit (Details), Condensed Consolidating Financial Statements - Condensed Consolidating Statements Of Income And Comprehensive Income (Details), Condensed Consolidating Financial Statements - Condensed Consolidating Balance Sheets (Details), Condensed Consolidating Financial Statements - Condensed Consolidating Statement Of Cash Flows (Details), Selected Quarterly Financial Data (Unaudited) (Details), Exhibit 4.28: Instruments Defining The Rights Of Security Holders, Including Indentures, Exhibit 21.01: Subsidaries Of The Registrant, Exhibit 23.01: Consents Of Experts And Counsel, Exhibit 31.01: Rule 13A-14(A)/15D-14(A) Certification, Exhibit 31.02: Rule 13A-14(A)/15D-14(A) Certification, Exhibit 32.01: Section 1350 Certification, https://last10k.com/sec-filings/c/0000831001-20-000031.htm.