<P> Citibank is the consumer division of financial services multinational Citigroup . Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York . Citibank provides credit cards, mortgages, personal loans, commercial loans, and lines of credit . </P> <P> The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico . The U.S. branches are concentrated in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami . In 2016, the United States accounted for 70% of revenue and Mexico accounted for 13% of revenue . Aside from the U.S. and Mexico, most of the company's branches are in Poland, Russia, Pakistan, India and the United Arab Emirates . </P> <P> Citibank's private - label credit card division, Citi Retail Services, issues store - issued credit cards for such companies as: Costco, ConocoPhillips, ExxonMobil, The Home Depot, Staples Inc., Shell Oil and until January 2018, Hilton Hotels & Resorts . </P> <P> As a result of the financial crisis of 2007--2008 and huge losses in the value of its subprime mortgage assets, Citigroup, the parent of Citibank, received a bailout in the form of an investment from the U.S. Treasury . On November 23, 2008, in addition to an initial investment of $25 billion, a further $20 billion was invested in the company along with guarantees for risky assets of $306 billion . By 2010, Citibank had repaid the loans from the Treasury in full, including interest, resulting in a net profit for the U.S. federal government . </P>

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