Citibank and Bank of China Essay Example

onalization. While Citibank has a more ambitious global strategy for the future, both banks have successfully achieved their initial goals of internationalizing their operations.

Introduction ; Background

Citibank and Bank of China are prominent commercial banks worldwide.

Comparing these two companies, it is worth noting that in economics, the concept of internationalization refers to increasing enterprises' involvement in international markets (Czinkota, 1989). The United States subprime mortgage crisis in 2008 consisted of a series of events and conditions that led to a financial crisis and subsequent recession. This crisis was the most severe economic recession since World War II. Each country aims to prevent economic recessions by injecting capital into banks, implementing active fiscal policies, and loosening monetary policies. China is categorized as a developing country while the United States is considered a developed country. Moreover, these two