Founded in 1812, Citibank is consumer banking division of Citigroup, an American financial services corporation. Citibank offers retail and commercial banking products and services in four regions: Asia; Europe, the Middle East and Africa; Latin America; North America.
Cititrust Private Trust (Cayman) Limited has Category B banking license number 94045 issued by the Cayman Islands Monetary Authority. This type of license allows Cititrust Private Trust (Cayman) Limited to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Cititrust Private Trust (Cayman) Limited failure its depositors will not get any compensation.