PLEASE REFRESH PAGE
To view updates

Citigroup is Finance World's Godfather

Citi §165(d) & IDI Resolution Plan
Page 6
A. The Names of Material Entities
The final rules implementing Section 165(d) of the Dodd-Frank Act define CBLs as those business lines,
including associated operations, services, functions and support that upon failure would result in a
material loss of revenue, profit or franchise value of Citi or CBNA. As described in Part B, Citi identified
its CBLs based on analysis of several factors. Using these CBLs as the foundation for its analysis, Citi
identified itsMLEs using the definition provided by the rules, which includes an entity, including a
subsidiary or foreign office that is significant to the activities of a CBL.
At its most basic and simple level, Citi’s legal entity structure can be viewed as:
1. Banking activities conducted by CBNA;
2. Capital markets and banking activities conducted by Citi’s separately capitalized broker-dealers;
and
3. O&T activities conducted by select subsidiaries.
The chart below lists these MLEs. The MLEs for Citi and CBNA are the same.
Citigroup Inc.
(Citigroup Parent)
Banks Broker-Dealers Service / Operational Subsidiaries
Citibank, N.A.
Primary Insured Depository Institution
Citigroup Global Markets Inc.
Citigroup Global Markets Limited – UK
Citigroup Global Markets Japan Inc. – Japan
HoldCo Subsidiaries
Citigroup Technology Inc.
Citicorp Data Services Inc.
Citishare Corporation
CitigroupManagement Corporation
Citigroup Services Japan Ltd.
Bank Subsidiaries
Citicorp Credit Services, Inc. (NY)
Citicorp Credit Services, Inc. (USA)
CitiMortgage, Inc.
Citi Business Services Costa Rica
Citicorp Services India Limited
Branches of CBNA
CBNA London – UK
CBNA Dublin – Ireland
CBNA Singapore – Singapore
CBNA Hong Kong – Hong Kong
CBNA Bahamas – Bahamas
CBNA ROHQ – Philippines
Subsidiaries of CBNA
Citibank International plc – UK
Citibank Europe plc – Ireland
Citibank Japan Ltd. – Japan
Citibank Singapore Limited – Singapore
Citibank (Hong Kong) Ltd. – Hong Kong
Banamex – Mexico

http://www.fdic.gov/regulations/reform/resplans/plans/citi-idi-1310.pdf


B. Description of Core Business Lines
As part of its restructuring four years ago, Citi’s organization was revised to simplify and streamline
management of its businesses. As a result, Citi is organized into two primary business segments:
 Citicorp: consists of Citi’s Global Consumer Banking businesses and Institutional Clients Group –
the business segments that are the core of Citi’s ongoing global banking strategy. Citicorp also
includes Corporate/Other, which consists of global staff functions (including Finance, Risk,
Human Resources, Legal and Compliance), other corporate expense and global O&T expenses,
Citi Corporate Treasury and corporate items and discontinued operations.
 Citi Holdings: established in 2009, consists of the businesses and assets that are not central to
Citi’s strategy. The assets in Citi Holdings are in the process of being sold off or wound down in
an economically rational way.

As noted in Part A above, CBLs are defined as those business lines, including associated operations,
services, functions and support, that upon their failure would result in a material loss of revenue, profit
or franchise value of Citi or CBNA. In developing the list of CBLs, the starting point was the businesses
that are part of Citicorp, as those are deemed core to Citi’s strategy. Citi continued its analysis,
incorporating the following criteria, both quantitative and qualitative, to arrive at the list of CBLs for
resolution planning purposes:
 Total assets, revenue and earnings;
 Market share and/or industry position;
 The characteristics of the customer base, geographic footprint, brand and operational synergies
of the business with other Citi businesses;

http://www.fdic.gov/regulations/reform/resplans/plans/citi-idi-1310.pdf
 

The BIG question is...........Who OWNS all these individual businesses that are spread out all around the world

 

 

 

TheCitigroup  Money Tree

Corporate Tax Dodging

Citi Grows Many Names

Citi Big Business

Citigroups Florida Operation

  citibanks graveyard   

top 50 holding companies

HOME

 

 



 

 

 

 


 

 

 


© thespiritwithinpoetry