6 Successful Companies with Bad Reputations

5. Citigroup

Citigroup is a multinational American company that provides financial services to the customers and organizations. Citi bank was formed when the two giant collaborated, one was a Citi corp. itself and the other one was a Travelers Group that was responsible for selling life insurance.

Citibank was stuck into a problem in Indonesia, when the employee’s allegedly misused the scheme and was responsible for the death of the client that allegedly had an impact on the Citi debt collectors. Earlier this year, the bank had similar problem in Hong Kong as well.

Since, the bank has operations in almost all the major countries, some misuse and fraud in some countries has a great effect on the branches which are exists in rest of the other countries. Infact, in Indonesia and Japan, the governing bodies has restricted the bank to open new branches.

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