Travelers Group

Travelers Group (Travelers Group) is one of the world's largest all-round financial group of companies, originally a life and property insurance company; after the acquisition of the U.S. investment bank-Smith Barney (Smith Barney), its business expanded to investment banking, commercial credit, financing services and other fields; in 1987, it acquired and changed its name to Primerica Corporation; in 1993, it acquired The Travelers Corporation and changed its current name; in 1997, it merged with Salomon Brothers, the fifth largest investment bank in the United States. In 1987, it acquired and changed its name to Primerica Corporation; in 1993, it acquired The Travelers Corporation and changed its name to the present one; in 1997, it merged with Salomon Brothers, the fifth largest investment bank in the United States, and became the second largest investment bank in the United States. In 1997, it merged with Salomon Brothers, the fifth largest investment bank in the U.S., and became the second largest investment bank in the U.S. In 1998, Citibank merged with the Travelers Group, which was the largest merger ever in the U.S. The merger was renamed Citigroup, with the Travelers Group's red umbrella as its logo, and it became the first U.S. financial group in history to combine commercial banking, investment banking, insurance, mutual funds, securities trading, and other financial services businesses into a single entity; In 1997, Fortune magazine's Fortune 500 ranking jumped from 58th to 16th in 1998.