Dive into the turbulent high-stakes world of Citigroup, the American multinational investment bank formed by the historic 1998 merger of Citicorp and Travelers. This series chronicles the rise of a financial behemoth that traces its roots back to 1812 and grew to become the third-largest banking institution in the United States.

Each episode unpacks a critical era in the bank's history, from the repeal of the Glass-Steagall Act that allowed its creation to its near-collapse during the 2008 subprime mortgage crisis. Listeners will hear the inside story of how the bank became "too big to fail," requiring the largest amount of TARP funding of any U.S. bank to prevent global financial chaos.

We also investigate the controversies that have plagued the institution, including:

• Corporate Scandals: The bank's entanglement in the Enron and WorldCom bankruptcies.
• Operational Errors: The mistaken $900 million wire transfer to Revlon creditors in 2020.
• Regulatory Battles: High-profile settlements regarding money laundering controls and anti-Armenian discrimination.

Finally, we explore the modern era under Jane Fraser, the first female CEO of a Big Four bank. Follow her aggressive restructuring strategy, "Project Bora Bora," which includes cutting 20,000 jobs and exiting consumer banking operations in 13 markets across Asia and Europe. Join us to understand the complex machinery of a global bank constantly reinventing itself.