Citibank Canada
Page Module:Message box/ambox.css has no content.
 |
Page Module:Infobox/styles.css has no content.Page Template:Infobox company/styles.css has no content.
| Lua error in package.lua at line 80: module 'Module:InfoboxImage/data' not found. | |
| Citi Canada | |
Company type | Subsidiary |
| ISIN | Script error: No such module "WikidataIB". |
| Industry | Script error: No such module "WikidataIB". |
| Predecessor | Script error: No such module "WikidataIB". |
| Incorporated | Script error: No such module "WikidataIB". |
| Founded | Script error: No such module "WikidataIB". |
| Founder | Script error: No such module "WikidataIB". |
| Defunct | Script error: No such module "WikidataIB". |
| Successor | Script error: No such module "WikidataIB". |
| Headquarters | Citigroup Place
123 Front Street West, Suite 1900 Toronto, Ontario M5J 2M3 |
Key people | CEO: John Hastings (Jul 6, 2010–) |
| Revenue | Script error: No such module "WikidataIB". |
| Script error: No such module "WikidataIB". | |
| Script error: No such module "WikidataIB". | |
| Total assets | Script error: No such module "WikidataIB". |
Number of employees | Script error: No such module "WikidataIB". |
| Parent | Script error: No such module "WikidataIB". |
| Website | citigroup.com/canada/en |
Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for deprecated parameters".
Citibank Canada, operating as Citi Canada, is the Canadian subsidiary of the American multinational financial services corporation Citigroup. Citi Canada is headquartered in Toronto, Ontario, with offices in Calgary, London, Ontario, Montreal, Mississauga, and Vancouver.[1]
History
Citi Canada's Schedule 2 (foreign-owned, deposit-taking), under the Bank Act of Canada, subsidiary Citibank Canada is a member of the Canadian Bankers Association (CBA) and a member[2] of the CDIC, a federal Crown corporation that insures deposits to applicable limits and across deposit categories.[3]
Up until the finalization of the sale of its consumer finance subsidiary, CitiFinancial Canada, to affiliates of private equity firms J.C. Flowers & Co. and Värde Partners on April 3, 2017, the company engaged in consumer retail loans principally to sub-prime and near-prime borrowers.[4] Both in the years preceding and after the sale transaction, CitiFinancial Canada, which was renamed Fairstone Financial, Inc. post-close, had 200 branches in Canada.[4]
Products and services
The company provides securities trading, cash management, treasury, trade financing, custodial services, clearing, securities financing, depositary receipt, trust services, corporate banking, investment banking, private banking, and the private-label credit card of The Home Depot Canada.[5] It had previously issued various MasterCard credit cards until Citi Canada sold that division (named Citi Cards Canada, Inc.) to CIBC in a $2.1 billion CAD deal in 2010.[6]
See also
Lua error in mw.title.lua at line 404: bad argument #2 to 'title.new' (unrecognized namespace name 'Portal').
References
Page Template:Reflist/styles.css has no content.
- ^ Page Module:Citation/CS1/styles.css has no content."Citi | North America | Canada". www.citigroup.com. Retrieved 2019-09-07.
- ^ Page Module:Citation/CS1/styles.css has no content."List of Member Institutions". Canada Deposit Insurance Corporation. Retrieved 27 August 2019.
- ^ Page Module:Citation/CS1/styles.css has no content."How deposit insurance works". Canada Deposit Insurance Corporation. Retrieved 27 August 2019.
- ^ a b Page Module:Citation/CS1/styles.css has no content."Introducing Fairstone Financial Inc., formerly CitiFinancial Canada, providing responsible lending solutions to Canadians". Fairstone. Fairstone Financial, Inc. 3 April 2017. Retrieved 27 August 2019.
- ^ Page Module:Citation/CS1/styles.css has no content."Citi Canada". Retrieved 27 August 2019.
- ^ Page Module:Citation/CS1/styles.css has no content."CIBC to acquire $2.1 billion Canadian MasterCard portfolio from Citigroup". Canada Newswire. CISION. 14 June 2010. Retrieved 27 August 2019.
External links
Lua error in package.lua at line 80: module 'Module:Navbox/configuration' not found. Lua error in package.lua at line 80: module 'Module:Navbox/configuration' not found. Lua error in package.lua at line 80: module 'Module:Authority control/config' not found.
