mark mason citi net worth

[2], Mason was raised in Queens, New York, and as a teenager he worked for his grandparents, who ran carpentry and landscaping businesses. This report is not for commercial use. He also . Juliet Rylance And Mark Rylance's Net Worth Difference. Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City. riba architectural drawing numbering system; fort wayne police department gun permit; how long does chambord last unopened; wayne county news wv obituaries Mark is based out of New York, New York, United States and works in the Financial Services industry. Citi continues to offer corporate and institutional banking and wealth management in Panama and Costa Rica. Mark Manson as an Influencer. . followed close behind with a 70% gain in investment banking net revenues on last year and a 57% . Citigroup finance chief Mark Mason, who helped the bank clean up after the financial crisis, turns to mentors with broader experience who also understand his perspective. [100] Eventually staff cuts totaled over 100,000 employees. Citigroup has over 200 million customer accounts and does business in more than 160 countries. [5][6][7], Mason has been on the Board of Trustees of Howard University since 2012 and has been vice chair of the Board of Trustees since July 1, 2017. . The group bought and sold $90 billion of residential mortgages annually. U.S. firm Capital Group, one of the world's largest investment management companies which manages about $2.2 trillion in equity and fixed income assets, said the beating that markets took last . He started working as a session musician and soon caught the attention of some big names in the music industry. [242], Between 1998 and 2014, Citigroup spent nearly $100 million lobbying the federal government. Citi received the largest amount of TARP funding, "a larger bailout than any other U.S. Mark Mason - Black Entrepreneur & Executives Profiles [113], In 2009, Jane Fraser, the CEO of Citi Private Bank, stopped paying its bankers with a commission for selling investment products, in a move to bolster Citi Private Bank's reputation as an independent wealth management adviser, as opposed to a product pusher. Mark Manson Net Worth- He has been honored with many awards and accolades during his career. Citigroup Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The largest trade he's ever made was selling 12,000,000 units of Citigroup Inc stock on 20 April 2011 worth over $260,760,000. Citi CFO Mark Mason. Mason, who joined Citi in 2001, has . Dentons > Los Angeles > United States | The Legal 500 law firm profiles CB Rank (Person) 688,636 Primary Job Title Chief Financial Officer; Primary Organization [138] Citi failed the Fed stress tests due to Citi's high capital return plan and its international loans, which were rated by the Fed to be at higher risk than its domestic American loans. [67], Joe J. Plumeri worked on the post-merger integration of the two companies and was appointed CEO of Citibank North America by Weill and Reed. Some of his most popular albums include The Alchemist and Sleight of Hand.. He is known for his charitable work and has donated to various causes over the years. As a result, late in the evening on November 23, 2008, Citigroup and Federal regulators approved a plan to stabilize the company and forestall a further deterioration in the company's value. In Singapore where Citi had a large operation, low paid staff would receive S$1,200. [181][182], All of Citigroup's New York City real estate, excluding the company's Smith Barney division and Wall Street trading division, lies along the New York City Subway's IND Queens Boulevard Line, served by the E and M trains. He also spent several years as a strategy consultant with Marakon Associates and has experience in investment banking with Goldman Sachs. [100] Shares of Citigroup common stock traded well below $1.00 on the New York Stock Exchange. [153], In April 2016, Citigroup announced that it would eliminate its bad bank, Citi Holdings. His books sold over 13 million copies across the globe. The most recent stock trade was executed by Michael Whitaker on 27 August 2019, trading 7,500 units of C stock currently worth $465,225. 685 Third Avenue Mark Mason, who was recently named to Forbes CEO Next list of leaders likely to lead some of Americas largest companies, talks about his career, the industry and why he lies on the floor. He is a member of several Masonic organizations including the Grand Lodge of Missouri and the York Rite College of North America. He went to Lucent to learn about technology and also discovered that you cant align yourself with one person. All content and information on this website and/or newsletter including our programs, products, and/or services is for informational and educational purposes only, does not constitute professional advice of any kind, and does not establish any kind of professional-client relationship by your use of this website and/or newsletter. [1] He is one of the few first black executives on Wall Street. Work Biography for Mark Mason, Citi. in finance and graduated with honors. Mark Mason is Chief Financial Officer of Citi's Institutional Clients Group (ICG), one of Citi's two core business lines with $33 billion in revenues and $1.3 trillion in assets. Prior to his tenure at Citi, Mr. Mason was Director of Strategy and Business Development with Lucent Technologies. Mason Amos (born August 21, 2004, age 18) is a well-known and well-liked basketball player from the Philippines. Mark Manson bio: net worth, age, height, weight, wife, kids, wiki Search. Diana L Taylor, Director, On April 6, 1998, the merger between Citicorp and Travelers Group was announced to the world, creating a $140 billion firm with assets of almost $700 billion. After graduating from high school, he decided to pursue a career in music and enrolled in the prestigious Berklee College of Music. With the acquisition, the group became Travelers Inc. Property & casualty and life & annuities underwriting capabilities were added to the business. Trading head Thomas Maheras was close friends with senior risk officer David Bushnell, which undermined risk oversight. [145] This was a result of selling more than $500 billion of its special assets placed in Citi Holdings, which were guaranteed from losses by the US Treasury while under federal majority ownership. Whether youre just starting out in your career or youre looking for ways to take your businessto the next level, Mark Mason can provide you with valuable insights and advice. [23] It is considered a systemically important bank by the Financial Stability Board and is commonly cited as being too big to fail. With over 800 offices worldwide, Smith Barney held 9.6 million domestic client accounts, representing $1.562 trillion in client assets worldwide. Bowen attempted to rouse the board via weekly reports and other communications. The Salomon Smith Barney name was abandoned in October 2003 after a series of financial scandals that tarnished the bank's reputation.[65]. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Last Updated: March 2023. jesus tells peter to cast his net muscatine high school athletics muthead bepanthol brawl 2 script pastebin werner logistics mc . Chief of Staff | Office of the CEO. Prior to his tenure at Citi, Mr. Mason was Director of Strategy and Business Development with Lucent Technologies. Brent McIntosh. In his past career Mr. Mason occupied the position of Chief Executive Officer at Citi . So Why Don't More American Men Take It? Mark Maxson Joins Citi Private Bank | Business Wire "[106] The bailout called for the government to back about $306 billion in loans and securities and directly invest about $20 billion in the company. [133][134] New sales and service centers were also opened in Moscow and St. Petersburg. Citi CFO Mark Mason to Present at the 2023 RBC Capital Markets So, how much is Mark Mason worth at the age of 47 years old? He also served as CEO of Citi Private Bank from June 2013 through September 2014. [4] Mason is currently the firms CFO. In this blog post, well take a closer look at Masons work and what he has to say about personal finance. Mark Manson: Solves Humanity's Problems Colorfully, Gets Rich A leaked 2005 report prepared by Citi global strategists for their investor clients documented the imbalance of wealth between the top 1% and the bottom 60% of He is from United Kingdom. Here are some facts about Mark. The Howard University graduate spent a few years in investment banking and management consulting before Citigroup hired him in 2001 to develop ways to market private equity investments. Mason made his money through a variety of business ventures. [170] It also announced that some lower paid employees would receive a one-off payment of US$1,000 to help them through the crisis. [1] He earned of Bachelor of Business Administration (BBA) degree in finance and graduated with honors from Howard University. Net Worth in 2021. The estimated Net Worth of Mark Mason is at least $1.33 Billion dollars as of 20 April 2011. [165][166], In February 2016, Citi sold its retail and commercial banking operations in Panama and Costa Rica to the Bank of Nova Scotia (Scotiabank) for $360 million. [88][89] Citigroup retained the life insurance and annuities underwriting businesses until it sold them to MetLife in 2005. [59], In 1974, under the leadership of CEO Walter B. Wriston, First National City Corporation changed its formal name to "Citicorp", with First National City Bank being formally renamed Citibank in 1976. The assets remained on Citigroup's balance sheet; the technical term for this arrangement is ring fencing. He is responsible for the financial management of the company and also leads Citi's Strategy and M&A team as well as Citi . mark mason citi net worth - enchelab.com The Financial Crisis Inquiry Commission asked him to testify about Citigroup's role in the mortgage crisis, and he did so, appearing as one of the first witnesses before the Commission in April 2010. In 2007, Citigroup indicated that its exposure was less than $13 billion, when in fact it was over $50 billion. Mark joined Citi in 2001 as Vice President of Corporate Development. In addition, he makes $1,714,120 as Chairman of the Board, President, and Chief Executive Officer at . Quarterly Plan. Last updated: 1 February 2023 at 11:00am EST. [247] As of 2008, Citigroup was the 16th largest political campaign contributor in the US, out of all organizations, according to OpenSecrets. Mark Mason. While his grandmother wanted him to become a doctor to cure her arthritis, Mason says he knew early on that he had a knack for business.. According to the article, former CEO Pandit said if Citigroup was allowed to unravel into bankruptcy, "100 governments around the world would be trying to figure out how to pay their employees". He is an inspiration to anyone who wants to pursue their passions and build a successful career on their own terms. Citi Express modules, 24-hour service units, were introduced in Colombia. Co-Founder and Partner of Atrevida Partners, LLC. In the past year, the company has committed over $1 b. Michael Whitaker who sold 31,962 units worth Of the 57 Democrats supporting the 2015 Spending bill, 34 had received campaign cash from Citigroup's PAC at some point since 2010. br spankbang. Dentons Offices They are part of the Finance Executive team within the C-Suite Department and their management level is C-Level. [136], In 2012, the Global Markets division and Orient Securities formed Citi Orient Securities, a Shanghai-based equity and debt brokerage operating in the Chinese market. Citi sued to get most of the money back but as of June 2022 had been unsuccessful. Advice That's Been Key for Citi's CFO: 'Careers Are Made in - WSJ Citigroup Inc. (C) Presents at Goldman Sachs 2021 US - SeekingAlpha The Treasury Department, the Federal Reserve and the FDIC agreed to cover 90% of the losses on Citigroup's $335 billion portfolio after Citigroup absorbed the first $29 billion in losses. Citi will continue to operate its consumer banking businesses in the USA, Canada, Europe and in only 4 other markets: Hong Kong, Singapore, London and the UAE across the entire APAC and EMEA regions. Citigroup - Wikipedia This website uses cookies to give you the best user experience by personalizing your content and analyzing traffic. Demonstrators confront law enforcement during a protest on June 1, 2020 in downtown Washington, D.C. Mark is currently based in New York City, United States. [194], In August 2012, Citigroup agreed to pay almost $25 million to settle an investor lawsuit alleging the bank misled investors about the nature of mortgage-backed securities. [163][164], In November 2015, Springleaf acquired OneMain Financial from Citigroup. Without cookies, the site won't function as expected . [177] On March 1, 2022, Citi disclosed an exposure of over $10bn in Russian assets, which may be materially affected by Russia's expulsion from the SWIFT banking system. [201][202], In January 2017, Citigroup Global Markets Inc. was fined $25 million by the Commodity Futures Trading Commission for order spoofing in U.S. Treasury futures markets, i.e., placing orders that were intended to be canceled before execution, and for failing to diligently supervise its employees with regard to spoofing. Mark Mason is 50, he's been the Chief Financial Officer of Citigroup Inc since 2019. The estimated Net Worth of Mark Mason is at least $1.2 Miliarda dollars as of 20 April 2011. $1.14M on May 7, 2021. [21] The deal would enable Travelers to market mutual funds and insurance to Citicorp's retail customers while giving the banking divisions access to an expanded client base of investors and insurance buyers. It's hard to find out what his total net worth is, . The bank introduced its First National City Charge Service credit cardpopularly known as the "Everything card" and later to become MasterCardin 1967. In 2014, Citigroup agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis. [130] Late in 2010, the government sold its remaining stock holding in the company, yielding an overall net profit to taxpayers of $12 billion. The chart on this page features a breakdown of the total annual pay for Mark Mason, CFO at CITIGROUP INC as reported in their proxy statements. [174][needs update], In 2019, Citi combined its Global Markets and Securities Services business into Markets & Securities Services, which includes broad trading and execution capabilities in addition to custody, clearing, financing and hedging services. It was also difficult to sell insurance directly to its customers since most customers were accustomed to purchasing insurance through a broker. He is the author of several books including The New York Times bestseller The Secrets of Solomon (2010) and Freemasonry: A Journey Through Ritual and Symbol (2012). To comply with the Volcker Rule, which limits bank ownership in hedge funds to no more than 3%, Citi spun off its hedge fund unit in 2013 and gave a majority of the company to its managers. [86][87], Travelers merged with The St. Paul Companies Inc. in 2004 forming The St. Paul Travelers Companies. Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States. Click below to see everything we have to offer. 1. Citibank's PAC made donations to both the campaigns and the leadership PACs of many top Democrats who voted for the 2015 spending bill, including Steny Hoyer (Md.) Hunt v. Citigroup, Inc. et al", "Citigroup pays $158 mln in US mortgage fraud pact", "Joint State-Federal Mortgage Servicing Settlement FAQ", "Mortgage Plan Gives Billions to Homeowners, but With Exceptions", "Citigroup Settles Mortgage Inquiry for $7 Billion", "Citigroup to Pay Customers $700 Million in Card Settlement", "Citigroup Ordered to Refund $700 Million in Credit-Card Case", "CFTC Orders Citigroup Global Markets Inc. to Pay $25 Million for Spoofing in U.S. Treasury Futures Markets and for Related Supervision Failures", "Case Summary: Enron Corporation Securities Litigation", "Citigroup, Form 8-K, Current Report, Filing Date May 10, 2004", "Citigroup Reaches Settlement on WorldCom Class Action Litigation for $1.64 Billion After-Tax", "Citigroup Agrees to a Settlement Over WorldCom", "Global Crossing Investors Settle With Citigroup", "Citigroup settles Global Crossing suit for $75 million", "Citigroup to Settle With Enron Investors", "Citigroup Resolves Claims That It Helped Enron Deceive Investors", "Citigroup settles shareholder CDO lawsuit for $590 million", "H.R.4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act", "Update: Criminal cartel charges to be laid against Citigroup", "Regulators Finalize $1.4 Billion Wall St. Settlement", "Citigroup embroiled in bond selling scandal", "Revisiting Plutonomy: The Rich Getting Richer", "Bank Of America Merrill Lynch Is 'Comfortable With The Thrust' Of Piketty's Analysis", "U.S. Credit Crisis Adds to Gloom in Norway", "Citigroup to pay $18 mln over credit card practice", "Citigroup shareholders' vote on exec pay sends a message", "Citigroup CEO and directors sued over executive pay", "Citigroup Has Few Options After Pay Vote", "Citis CEO Pay Revolt Capitalism is Back Baby", "Citigroup Shareholder Sues After Failed 'Say-on-pay' Vote", "Citigroup Punished for Treasury Market Spoofing by Five Traders", "Citibank Called Lax on Salinas Money Trail", "How Citicorp's Amy Elliott Served Mexico's Raul Salinas", "Citigroup is fined $400 million over 'longstanding' internal problems", "Citi Fined for Failing to Fix Money-Laundering Controls", "Citi S'pore extends paternity leave to 4 weeks", "Paternity Leave Has Long-Lasting Benefits. mark mason citi net worth [223], Citigroup was criticized for disrupting the European bond market by rapidly selling 11billion worth of bonds on August 2, 2004, on the MTS Group trading platform, driving down the price and then buying it back at cheaper prices.[224]. Mark Mason, Chief Financial Officer of Citi, will present at the 2023 RBC Capital Markets Financial Institutions Conference on Wednesday, March 8. The estimated Net Worth of Mark Mason is at least $1.32 Billion dollars as of 20 April 2011. Coronavirus Tips Working and Protection. Mason has been appointed Chief Financial Officer of the Company effective February 22, 2019. . [198] The settlement, known as the National Mortgage Settlement (NMS), required the servicers to provide about $26 billion in relief to distressed homeowners and in-direct payments to the states and the federal government. The estimated Net Worth of Mark K Mason is at least $6.99 Million dollars as of 1 January 2023. About; British Mark; Publication; Awards; Nominate; Sponsorship; Contact Table of Bio/Wiki [ hide] 1 Mason Amos Age, Bio, Wiki and Quick Facts. When that person got let go, I got let go, too., With Masons track record at Citi, the bigger concern these days is how to keep him. Citigroup Inc. (NYSE:NYSE:C.PK) Goldman Sachs 2021 US Financial Services Conference December 08, 2021 03:00 PM ET Company Participants Mark Mason - Chief Financial Officer Conference Call. Mr. Mason also has investment banking experience with Goldman, Sachs & Co. Mr. Mason serves as a Trustee of Howard University, where he received a B.B.A. On February 9, 2012, it was announced that the five largest mortgage servicers (Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo) agreed to a historic settlement with the federal government and 49 states. With over 15 years of expertise in personal branding, self-development, and financial literacy under her belt, Alisa has earned a reputation as an accomplished keynote speaker. After Marks's graduation, he began coaching men on the approach to take so that they could attract women. [205], In 2004, Citigroup paid $2.65 billion pre-tax, or $1.64 billion after-tax, to settle a lawsuit concerning its role in selling stocks and bonds for WorldCom, the second largest telecommunications company in the world, which collapsed after an accounting scandal. As of 20 April 2011 he still owns at least 17,002,148 units of Citigroup Inc stock. [64] This deal complemented Travelers/Smith Barney well as Salomon was focused on fixed-income and institutional clients, whereas Smith Barney was strong in equities and retail. [55][57][58], The bank merged with First National Bank of New York in 1955, becoming the First National City Bank of New York in 1955. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York. Mark Mason Net Worth- 2023. Prior to being named Citi CFO, Mr. Mason served as CFO of Citis Institutional Clients Group (ICG) and was the executive responsible for Citis Comprehensive Capital Analysis and Review (CCAR) submission process. Author, blogger. Mason has been appointed Chief Financial Officer of the Company effective February 22, 2019. Net Worth in 2023: $8 million. If youre looking for someone to help you take your social media to the next level, contact Mark Mason today. Mr. Mason owns over 6,435 units of HomeStreet Inc stock worth over $4,666,674 and over the last 15 years he sold HMST stock worth over $610,266. Over the last 6 years, insiders at Citigroup Inc have traded over $17,196,232 worth of Citigroup Inc stock. It consists of several business entities including remaining interests in local consumer lending such as OneMain Financial, divestitures such as Smith Barney, and a special asset pool. Citi CFO, Mark Mason, Keeping 'Family Name on the Truck' Vous tes ici : jacob ramsey siblings; map of california central coast cities; mark mason citi net worth . $20. Unlike the last crisis, which had roots in the financial system, the COVID-19 pandemic is a public health crisis that has produced severe economic shocks and has shined a light on the longstanding issues around racial equality. He is a former Director of Primerica, Inc. (NYSEL PRI). Affiliate disclosure: In full transparency some of the links on our website are affiliate links, if you use them to make a purchase we will earn a commission at no additional cost for you (none whatsoever!). Moreover, Howards case study method prepared him well when he went to pursue a Harvard MBA. The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services. both powered by and consumed by the wealthy;[225][226][227][228] Many of the mortgages were not only defective but were a result of mortgage fraud. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Mark Mason was named Chief Financial Officer of Citi in February 2019. Mark Mason. [152], In February 2016, the company was subject to a lawsuit as a result of the bankruptcy of a Mexican oil services firm. South Orange's Mark Mason Named New CFO of Citigroup [195], In February 2012, Citigroup agreed to pay $158.3 million to settle claims that it falsely certified the quality of loans issued by its CitiMortgage unit over a period of more than six years, so that they would qualify for insurance from the Federal Housing Administration. I think that if youre going to be a writer, you have to be a bit of a, 2. [176], In January 2022, Citi further announced its plan to exit consumer banking in Mexico, as well as small-business and middle-market banking operations. Former Chief Executive Officer, Citibank, N.A. According to Treasury spokeswoman Nayyera Haq, "This (IRS tax) rule was designed to stop corporate raiders from using loss corporations to evade taxes and was never intended to address the unprecedented situation where the government owned shares in banks. The report, titled "Raul Salinas, Citibank and Alleged Money Laundering", indicated that Citibank facilitated the transfer of millions of dollars through complex financial transactions that hid the funds' paper trail. [135], Citi Branded Cards introduced several new products in 2011, including: Citi ThankYou, Citi Executive/AAdvantage and Citi Simplicity cards in the U.S. [112] As a result of the criticism and the U.S. Government's majority holding of Citigroup's common stock, compensation and bonuses were restricted from February 2009 until December 2010. Announces Opening of First Smart Banking Branches in Citi's Global Network", "Citi gets approval to issue credit cards in China", "Citi Ties up With Chinese Stock Brokerage to Form Citi Orient Securities", "Citigroup, other big US banks flunk 'stress tests', "Stress Tests: Official Statements From Banks", "Citi among banks that fail Fed stress test", "The Feds Stress Test Summary Results and Implications", "Taking the Measure of Citigroup and Bank of America", "Citigroup Reports First Quarter 2012 Earnings per Share of $0.95 $1.11 Excluding the Impact of Negative CVA/DVA and a Net Gain on Minority Investments", "Citi Replaces Das with Fraser in Possible Sign of Mortgage Push", "Comprehensive Capital Analysis and Review 2014: Assessment Framework and Results", "Failing Stress Test Is Another Stumble for Citigroup", "Federal Reserve releases results of Comprehensive Capital Analysis and Review (CCAR)", "Citi passes Fed stress test but BofA gets an incomplete", "Citigroup Faces Fraud Suit Claiming $1.1 Billion in Losses", "Citigroup Plans to Eliminate Shrinking Citi Holdings Unit", "Citigroup More Than Triples Its Dividend After Passing Stress Test", "Citigroup Said to Give CCA Managers 75% Fund Stake for Free", "A Citi Hedge Fund Business Prepares for Life on Its Own", "Napier Park Global Capital completes spinout from Citigroup", "Citigroup spins off alternative asset management arm", "Napier Park Global Capital Completes Spinout from Citigroup", "Citigroup to Exit Consumer Banking in 11 Markets", "Citi pulls out of consumer banking in 11 countries, profit jumps", "Citigroup selling retail online FX trading platform to FXCM, Saxo Bank", "Citigroup Names James Bindler Currencies Chief", "Springleaf Financial to Acquire OneMain Financial", "Springleaf Holdings Announces Closing of OneMain Acquisition and Ticker Symbol Change", "Scotiabank Closes Deal to Acquire Citigroup's Retail and Commercial Banking Operations in Panama and Costa Rica", "Costco names Citi, Visa as new credit card partners after AmEx deal ends", "Citigroup's 'Living Will' Passes Muster but Offers Few Insights", "Here's what Citi is doing for coronavirus assistance", "Citigroup is giving some employees a $1,000 bonus for working through the coronavirus pandemic", "Citi Singapore employees to receive $1,200 cash in April as Covid-19 aid", "Citi's $900 Million Revlon Gaffe Risks Getting Even More Painful", "Citigroup fined $400m over internal controls 'deficiencies', "Citi combines its stock trading and prime brokerage business", "Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East", "Citi to exit Mexican consumer business as part of strategy revamp", "Citigroup says total Russian exposure nearly $10 billion", "Citigroup Acted. With the crisis worsening, Citigroup announced on January 7, 2008, that it was considering cutting another 5 percent to 10 percent of its 327,000 member-workforce.[97][98]. ICG consists of the following five main divisions: Mark Carawan was chief compliance officer from 2012 until 2020. Despite his impressive net worth, Mark Mason remains a down-to-earth person. Citi CFO Mark Mason on tackling the racial wealth gap (Full Stream 6/2

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