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Citigroup as an Investment bank - Research Paper Example
Author : dionarmstrong
Finance & Accounting
Pages 10 (2510 words)
This research will begin with the history of Citigroup’s investment banking operations. This research aims to evaluate and present such deals made as IPO deals; secondary deals; merger & acquisition deals; private placement deals…
The purpose of this paper is to analyze Citigroup’s investment banking segment. Investment banks aid in the underwriting of security deals in the process of raising capital for their corporate clients. In addition, investment bankers provide a myriad of other financial services to make sure the deals meet the entire financial and legal requirements by handling transactional aspects of the deals. Citigroup is a reputable global financial institution with a very highly diverse financial services portfolio providing the services in investment banking in many countries in the world. While Citigroup has both commercial and retail banking sections, the bank also prides itself in having one of the best investment banks in the world, with many of its deals running into billions of dollars each. While retail and commercial banking includes the taking of deposits by the bank, the investment banking sector precludes the taking of deposits, and instead engages in facilitation of transactions and promotion of securities. Citi’s investment bank is among the top ten in world, making over $3.2 billion in fees for the year 2010. The group’s investment baking section leads in many regional financial services markets, and has won numerous awards for its investment banking operations. Citigroup was formed in 1998, after the merger of Citicorp and Travelers in a $70 billion merger. City Bank’s origin dates back to 1812, which gives the financial institution a 200-year legacy in the banking industry as of this year. ...