Citibank is the banking division of the financial services giant Citigroup. It was founded in 1812 as the City Bank of New York. It is one of the biggest banks in the world and one of the widest-reaching. Citibank has more than 1,400 branches in over 100 countries. Over half of these are in the USA. The bank offers many products in addition to banking. It offers customers insurance services, credit cards and investment products among other things. Citibank boasts one of the most popular online banking operations in the world, with more than 15 million customers. The bank suffered huge losses in the 2008 financial crisis and had to be bailed out by the U.S. government. Citibank says it "is committed to running our business in a manner that benefits society and the environment".