Company Overview of Citi Holdings, Inc.

Francesco Vanni d'Archirafi, who currently stands at the helm of Citigroup's transaction services business, was appointed CEO of Citi Holdings, Inc.

Citi Holdings, Inc. reported earnings results for the first quarter of 2013. For the quarter, the company reported $901 million compared with $882 million for the same period last year. Net loss was $794 million compared with $1,019 million for the same period last year. Net loss driven by higher revenues and lower cost of credit, partially offset by higher operating expenses.

Citi Holdings, Inc. announced earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total revenues, net of interest expense of $1,067 million, compared to $1,098 million for the last year. Loss from continuing operations before income taxes was $1,715 million, compared to $1,792 million for the last year. Loss from continuing operations was $1,049 million, compared to $1,305 million for the last year. Net loss was $1,049 million, compared to $1,306 million for the last year. Negative return on average assets was 2.51%, compared to 2.20% for the last year. For the year, the company reported total revenue loss, net of interest expense of $792 million, compared to total revenue, net of interest expense of $6,313 million for the last year. Loss from continuing operations before income taxes was $10,921 million, compared to $6,181 million for the last year. Loss from continuing operations was $6,528 million, compared to $4,071 million for the last year. Net loss was $6,531 million, compared to $4,190 million for the last year. Negative return on average assets was 3.37%, compared to 1.56% for the last year.