This page has been brought for our readers to inform about Citibank Recruitment. Latest career announcement has been done to recruit talented and skilled aspirants to fill up various vacant seats such as for (IT/ Manager/ Analyst) and various others jobs. Fresher’s as well as experienced candidates who posses B.Com, BE, B.Tech, MBA etc… may get up-to-date information related to Citibank Recruitment 2017, through this page.Those who are searching for Private Bank Jobs they can grab this opportunity by applying for the said posts. Those who are willing to apply, they can fill Citibank application form through online mode before the last date that is stated below. To see all the details about the Citibank careers 2017 – 2018, you can follow up this page created by the professionals.
- Rep Ventas Monterrey
- Service Officer B
- Ops Support Sr. Analyst
- Associate HR Generalist 1
- Business Development Officer 2
- Senior Developer .Net
- Markets and Securities Services
- Retail Services
- Telesales Officer
Aspirants who are applying, they should possess graduation/ post graduation or equivalent course from a recognized University or Institution. Applicants having experience in the relevant field will be given preference.
Salary Scale for Citibank Jobs:
All those applicants who will be shortlisted, they will be given an impressive salary with all the other perks by the organization.
Selection of the applicants will be based on their performance in personal interview/ written examination/ Group Discussion.
Contenders have to perform well in the above mention tests.
Click Here : Citibank NA Recruitment
Citibank is the consumer division of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York. Citibank provides credit cards, mortgages, personal loans, commercial loans, and lines of credit.
The bank has a total of 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico. The U.S. branches are concentrated in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. In 2016, the United States accounted for 70% of revenues and Mexico accounted for 13% of revenues. Aside from the U.S. and Mexico, most of the company’s branches are in Poland, Russia, India and the United Arab Emirates.
Citibank’s private-label credit card division, Citi Retail Services, issues store-issued credit cards for such companies as: Sears, ConocoPhillips, ExxonMobil, The Home Depot, Staples Inc., and Shell Oil.
As a result of the financial crisis of 2007–2008 and huge losses in the value of its subprime mortgage assets, Citigroup, the parent of Citibank, was bailed out by aid from the U.S. Treasury. On November 23, 2008, in addition to an initial investment of $25 billion, a further 20 billion was invested in the company along with guarantees for risky assets of $306 billion. By 2010, Citibank had repaid the loans from the Treasury in full, including interest, resulting in a net profit for the U.S. government.
The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. In August 1813, with Osgood’s death, William Few became President of the Bank, staying until 1817, followed by Peter Stagg (1817-1825), Thomas Smith (1825-1827), Isaac Wright (1827-1832), and Thomas Bloodgood (1832-1843) Ownership and management of the bank was taken over by Moses Taylor in 1837, a protégé of John Jacob Astor and one of the giants of the business world in the 19th century. During Taylor’s ascendancy, the bank functioned largely as a treasury and finance center for Taylor’s own extensive business empire. Later presidents of the bank included Gorham Worth (1843-1856), Moses Taylor himself (1856-1882), Taylor’s son-in-law Patrick Pyne, and James Stillman (1891-1909).
The bank also has the distinguishable history of financing war bonds for the war of 1812, serving as a founding member of the financial clearing house in New York (1853), underwriting the Union, during the American Civil War with 50 million in war bonds, opens the first foreign exchange department of any bank (1897), and received a 5 million deposit to be given to Spain for the US acquisition of the Philippines (1899). In 1865, the bank joined the U.S.’s new national banking system and became The National City Bank of New York. By 1868, it was one of the largest banks in the United States, by 1893 it was the largest bank in New York, and following year it was the largest within the United States. In later years it would help finance the Panama Canal (1904) and Stillman, then the banks chairman, would intervene, along with J.P. Morgan and George F. Baker in the Panic of 1907.
When the Federal Reserve Act allowed it, National City Bank became the first U.S. national bank to open an overseas banking office when it opened a branch in Buenos Aires, Argentina, in 1914. Many of Citi’s present international offices are older; offices in London, Shanghai, Calcutta, and elsewhere were opened in 1901 and 1902 by the International Banking Corporation (IBC), a company chartered to conduct banking business outside the U.S., which was forbidden to U.S. national banks. In 1918, IBC became a wholly owned subsidiary and was subsequently merged into the bank. The same year, the bank evacuated all of its employees from Moscow and Petrograd as the Russian Civil War had begun, but also established a branch in Puerto Rico. By 1919, the bank had become the first U.S. bank to have 1 billion in assets.
As of March 9, 1921, there were four national banks in New York City operating branch offices, also including Catham and Phenix National, the Mechanics and Metals National, the Irving National, and National City Bank.
Charles E. Mitchell, also called “Sunshine” Charlie Mitchell, was elected president in 1921 and in 1929 was made chairman, a position he held until 1933. Under Mitchell the bank expanded rapidly and by 1930 had 100 branches in 23 countries outside the United States. The policies pursued by the bank under Mitchell’s leadership are seen by a good amount of people as one of the prime causes of the stock market crash of 1929, which led ultimately to the Great Depression.
In 1933 a Senate committee, the Pecora Commission, investigated Mitchell for his part in tens of millions of dollars in losses, excessive pay, and tax avoidance, later leading to his resignation.Senator Carter Glass said of him: “Mitchell, more than any 50 men, is responsible for this stock crash.”
On December 24, 1927, its headquarters in Buenos Aires, Argentina, were blown up by the Italian anarchist Severino Di Giovanni, in the frame of the international campaign supporting Sacco and Vanzetti. In following years, branches in Germany and Japan closed (1940-1941), with the bank handling, in 1945, 5.6 billion in Treasury securities for War and Victory Loan drives for the US government.
In 1952, James Stillman Rockefeller was elected president and then chairman in 1959, serving until 1967.Stillman was a direct descendant of the Rockefeller family through the William Rockefeller (the brother of John D.) branch. In 1960, his second cousin, David Rockefeller, became president of Chase Manhattan Bank, National City’s long-time New York rival for dominance in the banking industry in the United States.
Following its merger with the First National Bank in 1955, the bank changed its name to The First National City Bank of New York, then shortened it to First National City Bank in 1962. It is also worth noting that the bank began recruiting at Harvard Business School in 1957, arranged the financing of the 1958 Hollywood film, South Pacific, and had its branches in Cuba nationalized in 1959 by the new socialist government, and has its first African-American director in 1969, Franklin A. Thomas.
The company organically entered the leasing and credit card sectors, and its introduction of US dollar denominated certificates of deposit in London marked the first new negotiable instrument in the market since 1888. Later to become part of MasterCard, the bank introduced its First National City Charge Service credit card – popularly known as the “Everything Card” – in 1967.
In 1976, under the leadership of CEO Walter B. Wriston, First National City Bank (and its holding company First National City Corporation) was renamed Citibank, N.A. (and Citicorp, two years before, respectively).By that time, the bank had created its own “one-bank holding company” and had become a wholly owned subsidiary of that company, Citicorp (all shareholders of the bank had become shareholders of the new corporation, which became the bank’s sole owner). In later years, the bank wrote off 3 billion in debt to Brazil and other developing countries (1987), established a subsidiary in Poland (1990), and became the world’s biggest card issuer (1994).
The name change also helped to avoid confusion in Ohio with Cleveland-based National City Bank, though the two would never have any significant overlapping areas except for Citi credit cards being issued in the latter National City territory. (In addition, at the time of the name change to Citicorp, in 1998, National City of Ohio was mostly a Cleveland-area bank and had not gone on its acquisition spree that it would later go on in the 1990s and 2000s.) Any possible name confusion had Citi not changed its name from National City eventually became completely moot when PNC Financial Services acquired the National City of Ohio in 2008 as a result of the subprime mortgage crisis.