# Citi is concluding a large reorganization that reduced its size, focusing on fewer businesses and cutting management layers.

*fintech · news · 2026-05-05 · Reuters*

## Key points

- Citigroup will announce new medium-term profitability targets exceeding its previous 2026 guidance.
- Citi has completed 90% of work required by regulators tied to compliance, risk, technology and data.
- Citigroup's Sky AI initiative aims to rapidly increase productivity in its wealth management business.
- Executives will unveil detailed growth paths and strategies for all five core businesses at Investor Day.
- Citi's Services division, called the 'crown jewel,' achieved a 27% ROTCE in Q1 2024.

**Companies:** Citigroup, Wells Fargo, Piper Sandler, Morgan Stanley
**Countries:** United States

[Read the full story on Reuters](https://www.reuters.com/legal/transactional/citigroup-announce-new-profit-targets-investor-day-ceo-says-2026-05-05/)

---

Canonical: https://newsio.io/n/26eb1e6a-4468-4e1f-b814-665e70b7c223/citi-is-concluding-a-large-reorganization-that-reduced-its-size-focusing-on-fewe
Summarized by Newsio from Reuters. https://newsio.io/how-it-works