CITIGROUP INC

Citigroup is a global diversified financial services holding company founded in 1812. Its business includes consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. Citigroup's vision is to be the preeminent banking partner for institutions with cross-border needs, a global leader in wealth management, and a valued personal bank in the U.S. At the end of 2023, Citigroup had approximately 239,000 full-time employees. The company's revenues increased by 4% in 2023, driven by higher interest rates and loan growth in cards. However, expenses increased by 10%, primarily due to higher investments in technology, risk and controls, and severance costs. The cost of credit also rose due to higher net credit losses and builds in the allowance for credit losses. Citigroup reported net income of $9.2 billion in 2023, a decrease of 38% compared to the prior year. The decrease was primarily due to higher expenses, cost of credit, and a higher effective tax rate. The company returned $6.1 billion to common shareholders in the form of dividends and share repurchases. Citigroup is managed under five operating segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The company's website is www.citigroup.com, and its ticker symbol is C. Services segment includes businesses such as Treasury and Trade Solutions, Securities Services, and Markets. Markets segment includes Fixed Income and Equity markets. Banking segment includes Corporate Lending and Investment Banking. U.S. Personal Banking segment includes Branded Cards, Retail Services, Retail Banking, and Mortgages. Wealth segment includes Private Banking, Wealth Management, and Asset Management. Additional information about Citigroup can be found in its annual report on Form 10-K, which is available on the SEC's website and Citigroup's website.