| Citigroup Inc. (Citigroup) is a diversified global financial services holding company whose businesses provide a range of financial services to consumer and corporate customers. Citigroup is a bank holding company. As of March 31, 2008, Citigroup was organized into four major segments: Consumer Banking, Global Cards, Institutional Clients Group and Global Wealth Management. In May 2008, the Company has reorganized its equity and debt business in Japan. Nikko Citigroup Ltd, the Company's Japan investment banking unit, merged its equity and debt underwriting teams into one. In December 2008, Sacyr Vallehermoso S.A. sold its Itinere Infraestructuras, S.A., highway business, to Citigroup. In December 2008, Citigroup sold Citibank Privatkunden AG & Co. KGaA, its German retail banking operation, and certain of its affiliates, to Credit Mutuel-CIC, a French banking group. In December 2008, the Company sold Citigroup Global Services Limited to Tata Consultancy Services Limited. |
