A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from March 12, 2011
Shittybank or Shitty Bank or Shitibank (Citibank nickname)

Citibank was founded in 1812 as the City Bank of New York and is one of the world’s largest banks. The obvious nickname of “ShittyBank” (also spelled “Shittybank,” “Shitty Bank,” “Shittibank” and “Shitibank") has been cited in print since at least 1990, although the unprintable nickname was spoken long before that.

Citi Field ballpark in Queens (where the New York Mets play baseball) has been nicknamed “ShittyField” since 2006—before it was completed. Also, the Citigroup-sponsored Citi Bike program was nicknamed “Shiti Bike” when began in 2013.


Wikipedia: Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York. As of March 2010, Citigroup is the third largest bank holding company in the United States by total assets, after Bank of America and JP Morgan Chase.

Citibank has retail banking operations in more than 100 countries and territories around the world. More than half of its 1,400 offices are in the United States, mostly in New York City, Chicago, Los Angeles, the San Francisco Bay Area, and Miami. More recently, Citibank has expanded its operations in the Boston, Philadelphia, Houston, Dallas, and Washington, D.C., metropolitan areas.

In addition to the standard banking transactions, Citibank offers insurance, credit card and investment products. Their online services division is among the most successful in the field, claiming about 15 million users.

As a result of the global financial crisis of 2008–2009 and huge losses in the value of its subprime mortgage assets, Citibank was rescued by the U.S. government under plans agreed for Citigroup. On November 23, 2008, in addition to initial aid of $25 billion, a further $25 billion was invested in the corporation together with guarantees for risky assets amounting to $306 billion. Since this time, Citibank has repaid their government loans in full.

Google Groups: sci-econ
Newsgroups: sci.econ, talk.politics.misc
Followup-To: sci.econ
From:
Date: 22 Dec 90 20:51:02 GMT
Local: Sat, Dec 22 1990 2:51 pm
Subject: Re: Deposit Insurance (was greed,"slease")

Banks might even be able to purchase various amounts of insurance (ad:  “other banks only purchase $100000 of FDIC insurance, we at ShittyBank purchase $200000 of FDIC insurance, so you rich people are twice as safe with us ...").

Google Groups: misc.consumers
Newsgroups: misc.consumers
From: (Phydeaux)
Date: 3 Jan 92 05:01:13 GMT
Local: Thurs, Jan 2 1992 11:01 pm
Subject: Re: How Good/Bad is Citibank

We don’t call them ShittyBank for nothing… The father of a friend of mine was a VP there.  Nobody in the family had an account at ShittyBank.  They knew what a beaurocracy it was and still is…

Google Groups: misc.consumers
Newsgroups: misc.consumers
From: (Phydeaux)
Date: 8 May 92 15:31:32 GMT
Local: Fri, May 8 1992 9:31 am
Subject: Re: Problem with Citibank loan

Now you know why they’re called ShittyBank!

Google Books
Slam
By Richard Stratton and Kim Wozencraft
New York. NY: Grove Press
1998
Pg. 98: 
Beau and I wait an hour while he berates “Shittybank” for fucking up his $4,000 money transfer.

Google Groups: misc.consumers.frugal-living
Newsgroups: misc.consumers.frugal-living
From: (Tara Shannon Tucker)
Date: 1998/07/02
Subject: Re: Shittybank preys on students

The negative comments about Citibank are 100% true.  What makes Shittybank so repulsive is that they prey on innocent and naive students.  Shittybank’s collectors really gave us hell during our finals last year.

Google Books
The Silicon Valley Diet and Other Stories
By Richard Grayson
Los Angeles, CA: Red Hen Press
2000
Pg. 108:
Suzanne, my ex-girlfriend, who was by then living with her girlfriend Jennifer in a co-op in Park Slope and working as a $50000-a-year executive at the New York City Transit Authority, called Citibank Shittybank because she said it discriminated against gay people.

Google Groups: alt.comp.software.financial.quicken
Newsgroups: alt.comp.software.financial.quicken
From: “Reagin”
Date: 2000/07/21
Subject: Re: Need Quicken-compatible credit card

In my opinion, Citibank is a shitty bank.

Google Books
Bad Money:
Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism

By Kevin Phillips
New York, NY: Penguin Books
2009
Pg. XIX:
True connoisseurs can keep up with grassroots opinion by Googling “shittybank” — no further description is necessary.

Facebook
Shitty Bank, Skank of America, NOTORIOUS A.I.G [HD]
by Bill Maher
2:49
BILL MAHER: ...BUT I’M NOT WRONG
2010 HBO COMEDY SPECIAL
http://www.hbo.com/comedy/bill-maher-but-im-not-wrong/index.html

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Saturday, March 12, 2011 • Permalink