The Plan does not change any of the key structural drivers of the American lender: As a consequence the pair trade selling upside volatility at Citi to buy upside volatility at Bank of America is still open.
The Firm recognizes that certain uncontrollable events can cause varying degrees of disruption to normal business processes. For example, a severe storm can adversely affect the ability of staff to report to work on a given day.
Events of greater severity, such as a regional electrical blackout or an intentionally destructive act, could cause wider concern and disruption. The Firm and its Citigroup affiliates recognize the responsibility to our customers to continue critical operations during such events, including providing access to funds and securities.
The Firm would like its clients and potential clients to be aware that the Firm has developed and maintains written business continuity plans we believe not only provide effective responses to a wide variety of disruptive events, but better enable the Firm to continue critical operations during a business disruption.
These plans are designed to enable the Firm to continue critical operations whether the disruption is firm wide or city wide, affecting an entire business, district, region or a single building. The Firm believes it is important that its clients remain confident in our commitment and ability to provide ongoing services and uninterrupted access to funds and securities in the event of a business disruption.
To maintain effective and secure plans, we keep them confidential and so do not provide specific details in this notice. In addition, the Firm is committed to maintaining effective communications with its clients during a business disruption.
General information for Citigroup companies may be obtained by visiting the corporate Internet site at www. Our business continuity plans are reviewed and tested annually to ensure appropriate enhancements are implemented as technology improves, business plans evolve, or regulatory requirements change.
Should material changes to the plans occur, this "Notice of Business Continuity Preparedness" will be updated as appropriate.
We may modify this notice at any time with such modifications becoming effective upon posting to our web site. You may obtain a current copy of this notice by contacting your sales representative or relationship manager, or by accessing our corporate Internet site at http:Citigroup CEEMEA has been in business since The CEEMEA was registered as a trademark in and it stands for Central & Eastern Europe, Middle East & Africa.
They are a global leader in Web-based tools and diagnostics for validating business performance and information. CEEMEA Sales and Trading Citicorp and Travelers Group have spun one of the best business mergers in history.
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