Know About: Citigroup, Bank of America

Citigroup

Citigroup Inc, operating as Citi, is a major American financial services company based in New York City, formed from the merger of Citicorp and Travelers Group on April 7, 1998.[3] According to Forbes Global 2000 in March 2007, it is the world's largest company, with total assets of US $2.4 trillion (Sept 2007) [4] The company employs 332,000 staff around the world, and holds over 200 million customer accounts in more than 100 countries.[4] It is a primary dealer in US Treasury securities[5] and its stock has been a component of the Dow Jones Industrial Average since March 17, 1997.[6] Its single largest shareholder is Abu Dhabi Investment Authority.

More @ http://en.wikipedia.org/wiki/Citigroup

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Bank of America

Bank of America (NYSE: BAC TYO: 8648) is the largest commercial bank in the United States in terms of deposits, and the 2nd largest company of its kind in the world behind Citigroup.[4][5][6]

Before 1998, the Bank of America organization that exists today was known as NationsBank and was previously known in earlier years as North Carolina National Bank before being abbreviated to "NCNB" as it branched out of its home base of Charlotte, North Carolina. In 1998, NationsBank acquired San Francisco-based BankAmerica and renamed the corporation "Bank of America".

More @ http://en.wikipedia.org/wiki/Bank_of_america



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