Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Citi Carries The Flag For International Banking

SNL Financial Feature
By Daniel M. Burkard and Tahir Ali

The 10 largest U.S. banks by foreign deposits held $1.042 trillion in deposits among 2,500 branches outside of the U.S. as of early May. Citigroup Inc. is the clear leader among U.S.-based banks for global branching. According to SNL data, the company has 2,414 branches spread among 54 countries, compared to fewer than 900 branches within the U.S.

The 10 largest U.S. banks by foreign deposits held $1.042 trillion in deposits among 2,500 branches outside of the U.S. as of early May. Citigroup Inc. is the clear leader among U.S.-based banks for global branching. According to SNL data, the company has 2,414 branches spread among 54 countries, compared to fewer than 900 branches within the U.S.

our Global Consumer Bank will achieve stronger performance by focusing on the countries where our scale and network provide a competitive advantage."

According to an investor presentation dated April 23, Citicorp's worldwide consumer deposits grew 2% from the first quarter of 2014 to the first quarter of 2015. Citicorp's North American consumer deposits were flat during that period, while international consumer deposits increased by 5%.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.