The firm did not confirm the dollar amount of the transaction. Regarding Citi’s transformation, the company spent $11.8 ...

Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for ...

Last month, Citi CFO Mark Mason said the bank is investing more to address its compliance issues, referring to regulatory ...

In January, Citi cut its closely watched profitability target in 2026 to tackle rising regulatory expenses. The company’s ...

Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the ...

Citigroup is planning to significantly reduce its reliance on external IT contractors and expand its internal technology team as part of an effort to strengthen controls and address regulatory ...

Two co-workers even approved the astronomical sum – more than 20 times the UK’s GDP – before it was sent to the client’s account the following morning.

“As we notify individuals, there is a notification period that runs some 90 days,” CFO Mark Mason said on a ... around five key business lines. Mason said Citi is already benefiting from ...

Last year, Citi had a total of 10 "near misses" of $1 billion or greater, the Financial Times reported. Near misses are when ...