1998
Salomon Brothers was acquired by Citigroup in 1998, for about $9 billion according to the hosts.
“in 98, Salomon gets acquired by Citigroup, the former traveler's insurance”
Topic
Citigroup
5 facts from 4 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
1998
Jamie Dimon says that in 1998 Sandy Weill and John Reed asked him, then Citigroup's president and chief operating officer, to resign.
“And the third is they said, we want you to resign. And I said, okay.”
2000
A host described Bank One as a roughly $30 billion market-cap bank compared with Citigroup at about $200 billion, though Dimon said Bank One was nearer $20 billion.
“it's a $30 billion market cap bank. Citigroup, where you just had been before, was a $200 billion bank.”
2008
In September 2008 settlements with banks including JP Morgan and Citigroup brought $7.2 billion into the Enron bankruptcy estate for shareholders.
“the whole suite of settlements with a whole variety of banks, JP Morgan, Citigroup, various others, come in for a total of $7.2 billion”
2025
Phil Fersht says Citibank decided to reduce its service provider relationships from 144 to 50.
“You may have seen a recent announcement from, um, the bank, Citi, Citibank, who have decided to reduce, um, their 144 service provider relationships down to fifty.”
Episodes