The Study On Citibank And The Evolution Of The U.S. Financial System

Research on Citibank is an international project, scholars have obtained lots of achievements from different angles research. Based on existing research results, this paper do deep study on the interaction between a representative financial business and change in the country's financial system. Take U.S. financial and economic development as the background, this paper describe how Citibank make decision under the influence of the U.S. financial system's development, and how to deal with the relationship with regulators and government as a private banking institution; on the other hand, the bank's breakthrough development in turn affected the evolution of the U.S. financial system and the economic development in the United States.Citibank's development process is not only a condensed history of the U.S. banking industry, but also a history of the U.S. financial system.There are four parts in this article. Firstly, combined with the background of financial and economic development in the United States, describe the growth history of Citibank; Secondly, analyse the how Citibank rise from a small private bank to a world-famous financial institutions, prudent management style and policies, market-oriented and specialized service, built its outstanding leadership from within, as well as properly handling the relationship with stakeholder are the four key reasons; then focuses on the interaction between Citibank and the U.S. financial system, Citibank is closely linked with the single banking system, the dual banking system, the central banking system, financial innovation, and mixed developments; At last, try to sum up some experiences from Citibank's evolution and the U.S. financial system's development.Citibank has gone from a single private bank, a national Bank, a single bank holding company, at last a financial holding company, from a traditional bank to a comprehensive bank, from specialization to diversification, from a family business to social enterprise, which is a natural choice of most U.S. financial companies. Because it is the inevitable outcome of the U.S. financial and economic development.U.S. financial system is not static, its formation is an evolving process. Financial institutions such as Citibank played a very important role. Financial industry play increasingly important role in the economic development. Regulators should grasp the intensity of supervision, to ensure the healthy and stable development of the financial firm, make financial industry promote economic development.