Citigroup

Reviewed · Nov 2026

Citi Private Bank. Everything below is from the bank's own pages, its regulators or the league table publishers, numbered to the Sources page.

The facts

Citigroup states in the Become a client questionnaire on its Citi Private Bank site that its services have a minimum investment level of $5 million (page read 1 November 2026).⁵
Citigroup states that the Citigroup Global Markets Inc. advisory program fee for clients of Citi Private Bank is an annualized, fixed, asset-based fee of up to 2% that is negotiable (page read 1 November 2026).²⁷³
Citigroup states in the Become a client questionnaire on its Citi Private Bank site that its family office services are only available to single family offices with over $100 million in AUM (page read 1 November 2026).²⁷⁴
Citigroup states on its Citi Private Bank FAQ that the minimum total net worth requirement for Citi Private Bank in Europe, the Middle East, Africa and Latin America is $25 million USD (page read 1 November 2026).²⁷⁵
Citigroup states on its Citi Private Bank FAQ that the minimum total net worth requirement for Citi Private Bank in North America and Asia Pacific is $10 million USD (page read 1 November 2026).²⁷⁶
The FCA, in a Final Notice dated 19 August 2022, imposed a financial penalty of £12,553,800 on Citigroup Global Markets Limited (Citigroup), stating that 'CGML breached Principle 2 by failing to conduct its business with due skill, care, and diligence in relat…⁶
The FCA, in a Final Notice dated 17 May 2024, imposed a financial penalty of £27,766,200 on Citigroup Global Markets Limited (Citigroup), stating that on 2 May 2022 'a trader on the Delta 1 Desk made an inputting error whilst loading a basket of equities into …⁷
The PRA, in a Final Notice dated 17 May 2024, imposed a financial penalty of £33,880,000 on Citigroup Global Markets Limited (Citigroup), citing a trading incident on 2 May 2022 in which 'an erroneously inputted basket of equities with a notional size of US$44…²⁷⁷
Citigroup, as a global coordinator and representative of the underwriters alongside Bank of America, Goldman Sachs and JPMorgan Chase, shared an underwriting discount of 0.972% of the offer price with the other underwriters on the SK hynix Inc. ADS offering in the United States in July 2026.⁵¹
Citigroup, as a representative of the underwriters alongside Goldman Sachs, Morgan Stanley, Bank of America and JPMorgan Chase, shared an underwriting discount of 0.667% of the offer price with the other underwriters on the Space Exploration Technologies Corp. IPO in June 2026.⁵²
Citigroup, financial adviser to Utz Brands, Inc. on its merger, was to receive a fee of $37.5 million, per the merger proxy filed in October 2026.⁹³
Citigroup, financial adviser to Huntsman Corporation on its merger with Olin Corporation, was to receive a fee of $21 million, per the merger proxy filed in July 2026.⁹⁴
LSEG ranked Citigroup fifth in its table of global announced M&A for full-year 2025.⁵⁴
LSEG ranked Citigroup fifth in its table of global investment banking fees in the Global Investment Banking Review for full-year 2025.⁵⁵

What it publishes

Desk	Item	Published	As read
capital markets	fee schedule	No
capital markets	minimum investable assets	No
capital markets	eligibility criteria	No
capital markets	indicative fee range	No
capital markets	retainer terms	No
m and a	fee schedule	No
m and a	minimum investable assets	No
m and a	eligibility criteria	No
m and a	indicative fee range	No
m and a	retainer terms	No
private banking	fee schedule	Partly	We updated the standard fee schedule for the CGMI investment advisory programs described in this brochure.
private banking	minimum investable assets	Yes	What is the minimum net worth for Citi Private Bank? The minimum total net worth requirement for Citi Private Bank varies by region: North America and Asia Paci
private banking	eligibility criteria	Yes	How do I qualify for Citi Private Bank? Citi Private Bank has a minimum net worth requirement of $10 million USD.
private banking	indicative fee range	Yes	fee is an annualized, fixed, asset-based fee of up to 2% that is negotiable based on a number of factors.
private banking	retainer terms	Partly	Fees for FS are normally payable quarterly in advance. Fees for MSP are normally payable monthly in arrears.

The Secret Banker's view

Citi's pages give a minimum net worth of $10 million, or $25 million in Europe, the Middle East, Africa and Latin America, while the joining questionnaire mentions a $5 million investment level. I admire the range. The advisory programme fee is up to 2%, which the brochure itself calls negotiable. The FCA fined Citigroup Global Markets £27,766,200 and the PRA fined it £33,880,000 in May 2024, over a trading incident the FCA traces to 'an inputting error'. Single family offices need over $100 million under management, stated without a single hedge.

Opinion, based on the facts above. Corrections through the contact page; a credible one gets a sourced fix within a week.

No firm named here has been consulted, and none should feel left out.