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In this video we go over the rise and fall of Citigroup, the fourth largest bank in the US with $1.6 trillion in assets. They were hit hard by the 2008 financial crisis and have been plagued by their bloated international operations which have reduced their efficiency compared to other US banks. Now they are trying to rationalize their operations by divesting the majority of their non-US consumer banking divisions.
0:00 - 1:15 Intro
1:16 - 2:21 Policygenius sponsorship
2:23 - 3:49 Citi founding
3:50 - 5:59 Merger with Travelers Group
6:00 - 7:48 Real estate investments
7:49 - 9:37 2008 financial crisis
9:38 - 10:45 Bailout
10:46 - 13:00 Recovery
13:01 Divestitures
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By Stock Chat

where the coffee is hot and so is the chat

23 thoughts on “The rise and fall of citigroup”
  1. Avataaar/Circle Created with python_avatars Kashish kashyap says:

    Despite the stock market crash I was so excited when I opened my wallet and saw a profit of $70k in my trading account thanks to Alex Marcio my coach

  2. Avataaar/Circle Created with python_avatars trueleowdeo says:

    The advert about life insurance is misleading. Life insurance is a scam for most people

  3. Avataaar/Circle Created with python_avatars Drake Koefoed says:

    bailed out with public money. it should not have been. capitalism sucks

  4. Avataaar/Circle Created with python_avatars TheBeefyGuy says:

    I am here since 10K subscribers. Such a tremendous growth and always very informative videos.

  5. Avataaar/Circle Created with python_avatars Simon Metin says:

    Yield book (fixed income analytics) started in Saloman and became a part of Citi. It has the prepayment model pretty much everyone uses in the US. London Stock Exchange acquired Yield Book in 2017 – with the acquisition of Refinitiv in 2020, they are trying to compete against Bloomberg for data and analytics. It would be interesting if you could make a video on the competition in the financial data/analytics space. Bloomberg, London Stoc Exchnage, Blackrock etc. lots of stuff to talk about

  6. Avataaar/Circle Created with python_avatars Support Malphite says:

    Debts do go away when you die lol, no one is obligated to pay your debts but you. Creditors can not go after your family.

  7. Avataaar/Circle Created with python_avatars Ieago says:

    They absolutely need a more risk-adverse management team, but it's hard to argue with a bank that's below book value, profitable, and a reasonable dividend compared to their sector.

  8. Avataaar/Circle Created with python_avatars Mr. Berry says:

    Sh-i-t-t-y bank 🏦 used to be great. Now they just self destruct. Citi credit cards are their only quality products now. I do wish they brought back AA partnership, travel insurance, golf ⛳️ benefits, and the Citi Prestige credit card.

  9. Avataaar/Circle Created with python_avatars Kuro CK says:

    never recovered from 2008 huh

  10. Avataaar/Circle Created with python_avatars Mike H. says:

    The American taxpayers funded the bailout with no vote and then the government class kept the cash. This is tyranny and theft. The US government is a criminal organization.

  11. Avataaar/Circle Created with python_avatars Dalmain J says:

    When u die with no assets ur debts do disappear.

  12. Avataaar/Circle Created with python_avatars Big Neuton says:

    solo mon

  13. Avataaar/Circle Created with python_avatars Stage6Fan says:

    I seem to recall Sandy Weill bluffed the US Congress into passing laws to make legal his big merger. He made the merger while it was technically illegal. Congress scrambled to pass the laws necessary to make it legal. The eventual result was disaster. That was many years ago. It was also many trillions of dollars lost by our financial geniuses ago.

  14. Avataaar/Circle Created with python_avatars James Burron says:

    First, a 3% interest rate differential is now a low arb rate.

    Second, they used CP to buy mortgages and then sold them as CDOs. Made more on that then a simple spread.

  15. Avataaar/Circle Created with python_avatars James Burron says:

    You have to learn how to pronounce names like Weill and Solomon.

  16. Avataaar/Circle Created with python_avatars James Burron says:

    They opened their first international branch in Santiago, Argentina in 1920.

  17. Avataaar/Circle Created with python_avatars Kevin Barry says:

    You brushed over there history; they have almost gone bankrupt, effectively doing so several times and having to be bailed out. You even skipped over the Latin American debt disaster of their own making in the early 80s.

  18. Avataaar/Circle Created with python_avatars Bad Xerge says:

    Citibanamex sucks, from their slow app to the 2 hour line outside every bank, thank god they are selling their mexican branch.

  19. Avataaar/Circle Created with python_avatars Dr Evil says:

    Happy to see citi fallen. This bank is a very bad company in the world.

  20. Avataaar/Circle Created with python_avatars Antonomase Apophasis says:

    You omitted that the Travelers citi mashup was not exactly, technically, actually legal.

  21. Avataaar/Circle Created with python_avatars Wildy Exuberant says:

    So basically Citi is a zombie bank only allowed to stay in business by the gov.

  22. Avataaar/Circle Created with python_avatars Slim Fahjah says:

    Yeah I worked for these asshats for almost 20 years; nepotism, cliques. and toxic corporate culture. I love being a nurse now, even through all of Covid.

  23. Avataaar/Circle Created with python_avatars Matthew Shin says:

    Not a life insurance ad on WSM…. 😫 why god whyyy. At least it's better than masterworks?

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