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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 ...
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In July 1978, a possible structural flaw was discovered in Citicorp Center, a skyscraper that had recently been completed in New York City. Workers quietly made repairs over the next few months. The building, now known as Citigroup Center, occupied an entire block and was to be the headquarters of Citibank. Its structure, designed by William ...
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The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of large banks loan money to their most creditworthy corporate clients. As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).
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