Akola is a city in the Vidarbha region of the Indian state of Maharashtra. It is known for being one of the largest producers of cotton in the entire country and has hence received the nickname of the Cotton City. It is a striking road and rail junction near the Tapti River valley, which is also a commercial trading center chiefly for cotton. The city with roughly 5 lakh people, is governed by Akola Municipal Corporation. The city lies near the Tropic of Cancer and experiences a tropical humid climate and the residents are mostly found donning plain cotton clothes. Akola city is known for its many agricultural universities alongside veterinary colleges, engineering, medical and normal degree colleges. Cotton production and textile industry chiefly drive the economy of Akola. Akola has a very good grain market which contributes to the citys economy. The city has mills for pulses and oil. The IT sector is also growing at a fast pace. Standing on the banks of the Morna River, the city of Akola is rapidly developing.
On June 16, 1812, the Citi Bank of New York was found. The Samuel Osgood who was the statesman and retired Colonel became the first president of the Citi Bank. William Few became President of the Bank in August 1813, stayed until 1817, followed by Peter Stagg (1817?1825), Thomas Smith (1825?1827), Isaac Wright (1827?1832). In 1837, the ownership and management of the bank was acquired by Moses Taylor, a student of John Jacob Astor and one of the biggest names of the business world in the 19th century. Citibank provides credit cards, commercial loans, mortgages, personal loans, and lines of credit.The Citi bank has 2,649 branches in 19 countries. The U.S. branches are present in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. The US accounted for 70% of revenue and Mexico accounted for 13% of revenue in 2016. Apart from the U.S. and Mexico, most of the branches are in Russia, Pakistan, India, Poland, and the UAE. Citigroup, the parent of Citibank, received financial assistance in the form of an investment from the U.S. Treasury, after the financial crisis of 2007?2008 and huge losses in the value of its subprime mortgage assets.