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Citicorp (1812–1985) Citibank, (formerly City Bank of New York) was chartered by the State of New York on June 16, 1812, with $2 million (~$43.4 million in 2023) of capital. [12] [13] Serving a group of New York merchants, the bank opened for business on September 14 of that year, [citation needed] and Samuel Osgood was elected as the first ...
BAI, or the BAI file format, is a file format for performing electronic cash management balance reporting. The BAI format was developed and previously maintained by the Bank Administration Institute (BAI). [1] One common application of the BAI format is for use by banks to transmit returned item data to customers (for example, checks which have ...
Citibank, N.A. ("N. A." stands for "National Association"; stylized as citi bank) is the primary U.S. banking subsidiary of financial services multinational Citigroup. [2] Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. [3] The bank has 2,649 branches in 19 countries, including ...
Citibank established operations in Singapore on 1 July 1902. It was then known as the International Banking Corporation (IBC) and was the first United States bank to set up a branch in Singapore. Located at 1 Prince Street, IBC was primarily involved in the trade financing of Malayan rubber and tin exports in the early 20th century.
Citibank India was the division of Citigroup that operated in India. In March 2023, the division was sold to Axis Bank. History. Citibank began operations in 1902 in Calcutta . In the late 1980s and 1990s, the division was one of the first banks to offer credit cards in India.
Citibank Thailand is the Thai section of the Citigroup financial services group, established in 1985. History [ edit ] Citi started operations in Thailand as early as 1967, when it began with a 50% equity stake in the Bangkok First Investment Trust .
Merchant category code. A Merchant Category Code ( MCC) is a four-digit number listed in ISO 18245 for retail financial services. An MCC is used to classify a business by the types of goods or services it provides.
Built in 1977 for Citibank, it is 915 feet (279 m) tall and has 1.3 million square feet (120,000 m 2) of office space across 59 floors. The building was designed by architect Hugh Stubbins, associate architect Emery Roth & Sons, and structural engineer William LeMessurier.