ipl-logo

Jpmorgan Chase

1195 Words5 Pages

Citibank is a global corporation that assists with a variety of financial services. This company is one of the most successful in keeping up with today's technology from online services to a mobile app.
HISTORY

The City Bank of New York was founded on June 16, 1812. A statesman named Samuel Osgood was the first elected president of the City Bank of New York. The War of 1812 made an impact on the City Bank of New York known now as "Citibank." The bank assisted the federal government with money to help for war pays and financial costs. This act helped them become a New York government depository and increased its popularity. In 1955, the bank changed its name to The First National City Bank of New York. The corporation decided to change its …show more content…

Both companies have proved themselves over the years, through their credit card market and mobile services. The two issuers held $245 billion in credit card debt and decreased it tremendously. Chase has lower saving accounts and fees while Citi is on the higher side. Chase has a larger net income of $21.83 billion compared to Citibank’s $14.04 billion. The percent market for Chase is about 13.34% compared to Citibank’s 8.72% market share. For three consecutive years, Chase has ranked in leading the digital world while Citibank ranked third in mobile services. Citi is still progressing to become efficient in its mobile services for customers around the world. (Citigroup, Chase, Yahoo! Finance, Banks …show more content…

Where do you see yourself in five years? How did you get started with Citibank? Any advice to anyone considering this career path? What is your educational background like? What do you like most about your job? The first interviewee was Louise Powell, a bank teller at Citibank. She explained that she sees herself still working in the bank industry, but not in a branch. When asked about how did she end up at Citibank, previously she worked with Chase and decided to switch over to Citi for a better opportunity. Her advice to anyone considering this career path is to make sure you are eager to work with people everyday which is also the best part of her job. The second interviewee was with Robert Dalton, branch manager at Citibank. He explained that he has a bachelor’s degree in math, minor in economics, and that he started working in the bank after college. His advice to anyone considering his career path is that you have to be balanced, patient, and willing to work longer than expected. Best part of his job is providing good customer service to

Open Document