fintech / news / / Reuters
Citi is concluding a large reorganization that reduced its size, focusing on fewer businesses and cutting management layers.
Citigroup will announce new medium-term profitability targets exceeding its previous 2026 guidance.
KEY POINTS
- 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
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