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Citigroup
CITIGROUP INC. or CITI (stylized as CITI and pronounced like "city") is an American multinational investment banking and financial services corporation headquartered in Manhattan
Manhattan
, New York City
New York City
. The company was formed by the merger of banking giant Citicorp
Citicorp
and financial conglomerate Travelers Group in 1998; however, Travelers was spun off from the company in 2002. Citigroup
Citigroup
now owns Citicorp, holding company for Citibank , and several international subsidiaries. Citigroup
Citigroup
ranks 4th on the list of largest banks in the United States by assets and is one of the Big Four banks in the United States
United States
, alongside JPMorgan Chase , Bank of America
Bank of America
, and Wells Fargo
Wells Fargo
. In 2016, Citigroup
Citigroup
ranked 29th in size on the Fortune 500 list. In addition to U.S. money managers, its largest shareholders include Prince Al-Waleed bin Talal of the Saudi royal family , and investors from Abu Dhabi
Abu Dhabi
and Singapore
Singapore
. Citigroup
Citigroup
has over 200 million customer accounts and does business in more than 160 countries
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CIT Group
CIT GROUP INC. is a financial holding company founded in 1908 headquartered in New York City. The company's name is an abbreviation of an early corporate name, Commercial Investment Trust. It provides financing and leasing capital to customers in over 30 industries. CIT also operates CIT Bank, an FDIC insured bank, its primary bank subsidiary. The company is ranked #603 on the Fortune 1000 list of the largest American companies and is on the list of largest banks in the United States . CIT filed for bankruptcy protection on November 1, 2009, and with the consent of its bondholders, emerged from bankruptcy 38 days later, on December 10, 2009
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CITIC Group
CITIC GROUP CORPORATION LTD., formerly the CHINA INTERNATIONAL TRUST INVESTMENT CORPORATION, is a state-owned investment company of the People\'s Republic of China , established by Rong Yiren in 1979 with the approval of Deng Xiaoping . Its headquarters are in Chaoyang District , Beijing . CONTENTS * 1 Businesses * 2 History * 3 Group companies * 4 Equity investments * 5 See also * 6 References * 7 External links BUSINESSESIts initial aim was to "attract and utilize foreign capital, introduce advanced technologies, and adopt advanced and scientific international practice in operation and management." It now owns 44 subsidiaries including China CITIC Bank , CITIC Limited , CITIC Trust and CITIC Merchant (mainly banks ) in China , Hong Kong , the United States , Canada , Australia and New Zealand . HISTORYThe founder of CITIC, Rong Yiren , was one of the richest businessmen in China in the 1980s. He was also one of the earliest capitalists who stayed in mainland China. It was reported on September 17, 2008, that CITIC was in talks to acquire Morgan Stanley
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Stagecoach Group
STAGECOACH GROUP PLC (LSE : SGC) is an international transport group operating buses, trains, trams and express coaches. The group was founded in 1980 by current chairman Brian Souter , his sister Ann Gloag , and her former husband Robin . The group is headquartered in Perth, Scotland , and operates subsidiaries in the United Kingdom, United States and Canada. With 16% of the bus market and 25% of the rail market, including a 49% stake in Virgin Rail Group , and light rail services in Sheffield, Stagecoach is the second largest transport group in the United Kingdom, close behind FirstGroup . Stagecoach operates around 8,100 vehicles and covers over 90 major towns and cities in the United Kingdom, carrying around 2.5 million passengers daily. Stagecoach UK Bus employs 18,000 people. In North America, Stagecoach owns the Coach USA and Coach Canada brands. Previous operations in Australia, Hong Kong, Kenya, Malawi, New Zealand, Portugal and Sweden have been sold. The company is listed on the London Stock Exchange , where it is a constituent of the FTSE 250 Index
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Volkswagen Citi Golf
The VOLKSWAGEN CITI GOLF was a car produced by Volkswagen in South Africa from 1984 until 21 August 2009. It was a face-lifted version of the original Volkswagen Golf Mk1 hatchback , which ceased production in Germany in 1983. The car was produced only with right-hand drive . CONTENTS * 1 History * 2 End of production and replacement * 3 Technical data * 4 References * 5 External links HISTORYWhen Volkswagen released the Golf Mk.1 in 1974, the car was an overnight success. It was easy and economical to drive with exceptionally good handling compared to other small hatchbacks of the time. It was also easy and inexpensive to maintain. Volkswagen South Africa started assembly of the Golf Mk.1 in 1978. When the Golf Mk.2 was launched in 1984, VW South Africa found themselves falling short of a demand for a small, affordable entry level car, as the Golf Mk.2 was bigger and somewhat more expensive than its predecessor. The best viable option for VW South Africa, was to continue producing some variant of the Mk.1 to fill the gap in the market, as they already had all the tooling in place at the VW assembly plant in Uitenhage, Eastern Cape. Additional tooling was imported from the VW assembly plant in Westmoreland, Pennsylvania, USA in 1988, when production of the Mk.1 ceased there
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Lower Manhattan
LOWER MANHATTAN, also known as DOWNTOWN MANHATTAN, is the southernmost part of Manhattan , the central borough for business, culture, and government in the City of New York , which itself originated at the southern tip of Manhattan Island in 1624. CONTENTS * 1 Geography * 2 History * 2.1 Lenape and New Netherland * 2.2 17th and 18th centuries * 2.3 19th century * 2.4 20th century * 2.5 21st century * 2.6 Historical sites * 3 Denotation * 4 Economy * 5 Government and infrastructure * 6 See also * 7 References * 8 External links GEOGRAPHY The Lower Manhattan skyline in May 2001, seen from the Empire State Building . Lower Manhattan is defined most commonly as the area delineated on the north by 14th Street , on the west by the Hudson River , on the east by the East River , and on the south by New York Harbor (also known as Upper New York Bay ). When referring specifically to the Lower Manhattan business district and its immediate environs, the northern border is commonly designated by thoroughfares approximately a mile-and-a-half south of 14th Street and a mile north of the island's southern tip: Chambers Street from near the Hudson east to the Brooklyn Bridge entrances and overpass
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Types Of Business Entity
A BUSINESS ENTITY is an entity that is formed and administered as per commercial law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations , cooperatives , partnerships , sole traders , limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, ≈ public limited company (UK, Ireland and the Commonwealth) ≈ Ltd.
Ltd.
(UK, Ireland and the Commonwealth) ≈ limited partnership = unlimited partnership = chartered company = statutory company = holding company = subsidiary company = one man company (sole proprietor ) = NGOs However, the regulations governing particular types of entity, even those described as roughly equivalent, differ from jurisdiction to jurisdiction. When creating or restructuring a business, the legal responsibilities will depend on the type of business entity chosen
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Public Company
A PUBLIC, PUBLICLY TRADED, PUBLICLY HELD COMPANY, or PUBLIC CORPORATION is a corporation whose ownership is dispersed among the general public in many shares of stock which are freely traded on a stock exchange or in over the counter markets. In some jurisdictions, public companies over a certain size must be listed on an exchange. CONTENTS * 1 History * 2 Securities of a company * 2.1 Advantages * 2.2 Disadvantages * 2.3 Stockholders * 3 General trend * 4 Privatization * 5 Trading and valuation * 6 See also * 7 References HISTORYIn the early modern period, the Dutch developed several financial instruments and helped lay the foundations of modern financial system. The Dutch East India Company (VOC) became the first company in history to issue bonds and shares of stock to the general public. In other words, the VOC was officially the first publicly traded company, because it was the first company to be ever actually listed on an official stock exchange . While the Italian city-states produced the first transferable government bonds, they did not develop the other ingredient necessary to produce a fully fledged capital market : corporate shareholders. As Edward Stringham (2015) notes, "companies with transferable shares date back to classical Rome, but these were usually not enduring endeavors and no considerable secondary market existed (Neal, 1997, p
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Ticker Symbol
A TICKER SYMBOL or STOCK SYMBOL is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market . A stock symbol may consist of letters, numbers or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker tape of a ticker tape machine. CONTENTS* 1 Interpreting the symbol * 1.1 Other identifiers * 2 Symbols by Country * 2.1 Canada * 2.2 United Kingdom
United Kingdom
* 2.3 United States
United States
* 2.3.1 Single-letter ticker symbols * 2.4 Other countries * 3 See also * 4 References INTERPRETING THE SYMBOL Stock
Stock
symbols are unique identifiers assigned to each security traded on a particular market. For example, AAPL is for Apple Inc.; OODH is for Orion DHC, Inc.; and HD is for Home Depot, Inc. A stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock. The symbols were kept as short as possible to reduce the number of characters that had to be printed on the ticker tape , and to make it easy to recognize by traders and investors. The allocation of symbols and formatting convention is specific to each stock exchange. In the US, for example, stock tickers are typically between 1 and 4 letters and represent the company name where possible
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New York Stock Exchange
nyse.com New York Stock
Stock
Exchange U.S. National Register of Historic Places
National Register of Historic Places
U.S. National Historic Landmark
National Historic Landmark
Front Elevation of the New York Stock
Stock
Exchange. Show map of Lower Manhattan
Lower Manhattan
Show map of New York Show map of the US COORDINATES 40°42′24.6″N 74°0′39.7″W / 40.706833°N 74.011028°W / 40.706833; -74.011028 Coordinates : 40°42′24.6″N 74°0′39.7″W / 40.706833°N 74.011028°W / 40.706833; -74.011028 BUILT 1903 ARCHITECT Trowbridge George B. Post ARCHITECTURAL STYLE Classical Revival
Classical Revival
NRHP REFERENCE # 78001877 SIGNIFICANT DATES ADDED TO NRHP June 2, 1978 DESIGNATED NHL June 2, 1978 The NEW YORK STOCK EXCHANGE (abbreviated as NYSE and nicknamed "THE BIG BOARD" ), is an American stock exchange located at 11 Wall Street , Lower Manhattan
Lower Manhattan
, New York City
New York City
, New York . It is by far the world\'s largest stock exchange by market capitalization of its listed companies at US$21.1 trillion as of May 2017. The average daily trading value was approximately US$169 billion in 2013
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S&P 100
The S&P 100 INDEX is a stock market index of United States stocks maintained by Standard & Poor\'s . Index options on the S&P 100 are traded with the ticker symbol "OEX". Because of the popularity of these options, investors often refer to the index by its ticker symbol. The S&P 100, a subset of the S&P 500
S&P 500
, includes 102 (because two of its component companies have 2 classes of stock) leading U.S. stocks with exchange-listed options. Constituents of the S&P 100 are selected for sector balance and represent about 63% of the market capitalization of the S&P 500
S&P 500
and almost 51% of the market capitalization of the U.S. equity markets as of January 2017. The stocks in the S&P 100 tend to be the largest and most established companies in the S&P 500. CONTENTS * 1 History * 2 Record values * 3 Components * 4 Statistics * 5 Investing * 6 Annual returns * 7 See also * 8 References * 9 External links HISTORYThe index was started on June 15, 1983. In 1983, the CBOE created the first index options, based on its own index, the CBOE 100. In 1993, CBOE created the Chicago Board Options Exchange Market Volatility Index (VIX), which was computed based on the price of S&P 100 options (at the time these were by far the most heavily traded index options). Then in 2003, they changed it to be based on the S&P 500
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S&P 500
The STANDARD & POOR\'S 500, often abbreviated as the S&P 500, or just "the S&P", is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE
NYSE
or NASDAQ
NASDAQ
. The S&P 500 index components and their weightings are determined by S&P Dow Jones Indices . It differs from other U.S. stock market indices, such as the Dow Jones Industrial Average or the Nasdaq Composite index, because of its diverse constituency and weighting methodology . It is one of the most commonly followed equity indices, and many consider it one of the best representations of the U.S. stock market, and a bellwether for the U.S. economy. The National Bureau of Economic Research has classified common stocks as a leading indicator of business cycles. The S&P 500 was developed and continues to be maintained by S&P Dow Jones Indices, a joint venture majority-owned by S&P Global . S&P Dow Jones Indices publishes many stock market indices such as the Dow Jones Industrial Average , S&P MidCap 400 , the S&P SmallCap 600 , and the S&P Composite 1500 . It is a free-float capitalization-weighted index , and has many ticker symbols , such as: ^GSPC, INX, and $SPX
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Financial Services
FINANCIAL SERVICES are the economic services provided by the FINANCE INDUSTRY, which encompasses a broad range of businesses that manage money, including credit unions , banks , credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages , investment funds , individual managers and some government-sponsored enterprises . Financial services companies are present in all economically developed geographic locations and tend to cluster in local, national, regional and international financial centers such as London , New York City , and Tokyo . CONTENTS * 1 History * 2 Banks * 2.1 Commercial banking services * 2.2 Investment banking services * 3 Foreign exchange services * 4 Investment services * 5 Insurance * 6 Other financial services * 7 Financial exports * 8 Financial crime * 9 Market share * 9.1 US * 10 See also * 11 References * 12 Further reading * 13 External links HISTORY See also: Global financial system § History of international financial architecture The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business
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388 Greenwich Street
388 GREENWICH STREET, originally called the SHEARSON LEHMAN PLAZA, and more recently the TRAVELERS BUILDING, is a skyscraper located at 388 Greenwich Street , with facings on N. Moore and West Streets, in the TriBeCa neighborhood of Manhattan , New York City . 388 Greenwich Street forms a complex with the neighboring 10-story 390 Greenwich Street near the Hudson River . Currently, the two buildings comprise the headquarters of the corporate and investment banking arm of financial services corporation Citigroup . 388 Greenwich stands about ten blocks north of the World Trade Center site and is among the tallest in TriBeCa. Like many other office buildings in Manhattan, 388 Greenwich Street contains in addition to office space, a fitness center, full-service dining facilities, a medical center, a conference center, a day care center, and an outdoor park. The building is one of the few in New York to utilize double-deck elevators . On September 11, 2001 , the building's courtyard was used as a triage center. CONTENTS * 1 Umbrella icon * 2 Sale * 3 References * 4 External links UMBRELLA ICONThe building was well known by New York residents for its large 50 ft (15 m)-by-50 ft 4-story red neon umbrella mounted in May 1997 near the top of its north-facing side that some found emblematic and others distracting
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Greenwich Street, Manhattan
Coordinates : 40°43′18.96″N 74°0′35.44″W / 40.7219333°N 74.0098444°W / 40.7219333; -74.0098444 Looking south from near North Moore Street 753-57 Greenwich Street at West 11th Street The corner of Greenwich and Barclay, facing East, near the destroyed World Trade Center after the September 11 attacks in 2001 GREENWICH STREET is a north-south street in the New York City borough of Manhattan . It extends from the intersection of Ninth Avenue and Gansevoort Street in the Meatpacking District at its northernmost end to its southern end at Battery Park , interrupted between Cortlandt Walk and Liberty Street by the World Trade Center site . As the World Trade Center is redeveloped , the street's sections will be reconnected. Main east-west streets crossed include, from north to south, Christopher Street , Houston Street , Canal Street , and Chambers Street . Greenwich Street travels through the Meatpacking District , the West Village , Hudson Square , and Tribeca . North of Canal Street, traffic travels northbound on Greenwich Street; south of Canal Street, it travels southbound
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New York, New York
Bronx , Kings (Brooklyn) , New York (Manhattan) , Queens
Queens
, Richmond (Staten Island) ------------------------- HISTORIC COLONIES New Netherland Province of New York SETTLED 1624 CONSOLIDATED 1898 NAMED FOR James, Duke of York
Duke of York
GOVERNMENT • TYPE Mayor–Council • BODY New York City Council • MAYOR Bill de Blasio
Bill de Blasio
(D ) AREA • TOTAL 468.484 sq mi (1,213.37 km2) • LAND 302.643 sq mi (783.84 km2) • WATER 165.841 sq mi (429.53 km2) • METRO 13,318 sq mi (34,490 km2) ELEVATION 33 ft (10 m) POPULATION (2010 ) • TOTAL 8,175,133 • ESTIMATE (2016) 8,537,673 • RANK 1st, U.S
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