CITIGROUP

Citigroup



Citigroup

Introduction

Although there are many restrictions Citigroup faces, such as the regulation of banking UK's, regulatory reform, and the terms and conditions of membership of WTO, Citibank used the limits to his advantage and became the first foreign bank to receive approval for foreign currency dealings. Despite e-commerce limitations, licensures, barriers to economic development, Citigroup managed to adapt and find opportunities for financing foreign-owned corporations, Mortgages investment banking services, insurance, pensions, products of annuity, personal banking, credit cards, e-banking, and wealth management. As a result, in 2001 Citigroup was one of the most powerful financial services companies worldwide. This allowed Citibank, among Citigroup, to get a limited license to set for commercial activities.

Contributing to Citigroup's adaptability is the fact that they are focused on many years of strategic management planning, a department at a time. For example, Citigroup is more efficient since they are competitors with respect to technological and financial innovations.It also established a reputation of commitment to others that other banks do not have the stamina profits when expectations are not met. Citibank worked hard to develop close relationships with community and local banks. So, Citibank delved into the market with the intention to stay. Meanwhile, Citigroup embraced the culture of UK by training and employing Local managers to be successful with respect to Human Resource Accounting and practices.

Looking at Citigroup's full range of enforcement in UK, there are viewpoints suggest that they show adaptability in their attempts to expand its operations in UK. One can argue the point that Citigroup embarked on an emerging counties such as UK with the intention of making the country less fortunate and competitive worldwide market. The issues Citigroup was not about whether or not their product, technology or the ability to handle the needs of the banking needs of the country, but ...