CITI GROUPS Off Campus Drive For Freshers Aug 2015
ABOUT CITI GROUPS :
Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive stimulus package by the U.S. government.[10] On February 27, 2009, Citigroup announced that the US government would take a 36% equity stake in the company by converting US$25 billion in emergency aid into common stock with a US Treasury credit line of $45 billion to prevent the bankruptcy of the largest bank in the world at the time.
The government guaranteed losses on more than $300 billion troubled assets and injected $20 billion immediately into the company. In exchange, the salary of the CEO was $1 per year and the highest salary of employees was restricted to $500,000 in cash and any amount above $500,000 had to be paid with restricted stock that could not be sold until the emergency government aid was repaid in full.[12] The US government also gained control of half the seats in the Board of Directors, and the senior management was subjected to removal by the US government if there were poor performance. By December 2009, the US government stake was reduced to 27% majority stake from a 36% majority stake after Citigroup sold $21 billion of common shares and equity in the largest single share sale in US history, surpassing Bank of America's $19 billion share sale one month prior. Eventually by December 2010, Citigroup repaid the emergency aid in full and the US government received an additional $12 billion profit in selling its shares.[13][14][15][16][17] US Government restrictions on pay and oversight of the senior management were removed after the US government sold its remaining 27% stake as of December 2010.
The bank changed its name to The First National City Bank of New York in 1955, which was shortened in 1962 to First National City Bank on the 150th anniversary of the company's foundation.[31] The company organically entered the leasing and credit card sectors, and its introduction of U.S. dollar–denominated certificates of deposit in London marked the first new negotiable instrument in market since 1888. The bank introduced its First National City Charge Service credit card—popularly known as the "Everything card" and later to become MasterCard—in 1967
JOB DETAILS :
Company Name : CITI GROUPS
Job Designation : Analyst , Financial assistance .
Position : Major Cities in Indian
Salary Offering : 40 K to 55 K pa
No.of Posts : 1500+ posts
Qualification : Any Graduation.
Last date to Apply : 25 Aug 2015
Apply Mode : Online
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Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive stimulus package by the U.S. government.[10] On February 27, 2009, Citigroup announced that the US government would take a 36% equity stake in the company by converting US$25 billion in emergency aid into common stock with a US Treasury credit line of $45 billion to prevent the bankruptcy of the largest bank in the world at the time.
The government guaranteed losses on more than $300 billion troubled assets and injected $20 billion immediately into the company. In exchange, the salary of the CEO was $1 per year and the highest salary of employees was restricted to $500,000 in cash and any amount above $500,000 had to be paid with restricted stock that could not be sold until the emergency government aid was repaid in full.[12] The US government also gained control of half the seats in the Board of Directors, and the senior management was subjected to removal by the US government if there were poor performance. By December 2009, the US government stake was reduced to 27% majority stake from a 36% majority stake after Citigroup sold $21 billion of common shares and equity in the largest single share sale in US history, surpassing Bank of America's $19 billion share sale one month prior. Eventually by December 2010, Citigroup repaid the emergency aid in full and the US government received an additional $12 billion profit in selling its shares.[13][14][15][16][17] US Government restrictions on pay and oversight of the senior management were removed after the US government sold its remaining 27% stake as of December 2010.
The bank changed its name to The First National City Bank of New York in 1955, which was shortened in 1962 to First National City Bank on the 150th anniversary of the company's foundation.[31] The company organically entered the leasing and credit card sectors, and its introduction of U.S. dollar–denominated certificates of deposit in London marked the first new negotiable instrument in market since 1888. The bank introduced its First National City Charge Service credit card—popularly known as the "Everything card" and later to become MasterCard—in 1967
JOB DETAILS :
Company Name : CITI GROUPSJob Designation : Analyst , Financial assistance .
Position : Major Cities in Indian
Salary Offering : 40 K to 55 K pa
No.of Posts : 1500+ posts
Qualification : Any Graduation.
Last date to Apply : 25 Aug 2015
Apply Mode : Online
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| IF U R +2 EXP CLICK HERE TO APPLY |
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