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1. • • A report from Reuters in September did say Citigroup had submitted a multiyear plan to regulators for how to address these issues, so the bank might be making some progress on that front. But all of this has led to expense growth this year. The bank now has 10,000 employees working on the transformation alone.
     www.fool.com/investing/2022/10/25/is-citigroup-making-progress-with-its-multiyear-tr/

     Is Citigroup Making Progress With Its Multiyear ...

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   Is Citigroup making progress on a multi-year plan?

   • A report from Reuters in September did say Citigroup had submitted a multiyear plan to regulators for how to address these issues, so the bank might be making some progress on that front. But all of this has led to expense growth this year. The bank now has 10,000 employees working on the transformation alone.

   Is Citigroup Making Progress With Its Multiyear Transformation Plan

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   Why did Citigroup add a new section to its quarterly report?

   • Our Standards: The Thomson Reuters Trust Principles. Citigroup's addition of a new section concerning its multi-year reorganization to its quarterly report filed with the U.S. Securities and Exchange Commission in August, followed queries from the markets regulator.

   Citi added new section on reorganization in quarterly report following U…

   www.reuters.com/business/finance/citi-added-new-section-reorganization-quarterly-report-following-us-sec-query-2024-08-21/

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   Why did Citigroup change its strategy in 2021?

   • In early 2021, Citigroup embarked on a strategy shift that designed to make the bank simpler and more efficient. Early in 2021, when new Chief Executive Officer Jane Fraser took the reins at Citigroup ( C 3.53%), she quickly began to overhaul the bank's strategy, which for years produced lackluster returns and disappointment for shareholders.

   Is Citigroup Making Progress With Its Multiyear Transformation Plan

   www.fool.com/investing/2022/10/25/is-citigroup-making-progress-with-its-multiyear-tr/

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   What's new at Citi?

   • Citi has been executing a focused strategy for its five interconnected businesses, made rapid progress on exiting its consumer franchises outside the United States, and continues to strengthen its risk management and controls. Effective immediately, the new Executive Management Team includes:

   Citi Aligns Organizational Structure With Its Strategy and Simplifies

   www.businesswire.com/news/home/20230913330049/en/Citi-Aligns-Organizational-Structure-With-Its-Strategy-and-Simplifies-Operating-Model

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   How many people are working on Citigroup's new financial plan?

   • The Wall Street Journal reported earlier this week that Citigroup was due to submit the plan on Thursday. Reuters is reporting on its submission, expected length and other details that have not previously been revealed. About 30,000 people, or 13% of the bank's 231,000 employees, are working on the improvements, one of the people said.

   Exclusive: Citigroup submits multiyear plan to address Fed concerns

   www.reuters.com/business/finance/exclusive-citigroup-submits-multiyear-plan-address-fed-concerns-sources-2022-09-16/

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   What is Citi doing now?

   • Citi is taking the following actions: The leaders of each of Citi’s five interconnected businesses will now report directly to the CEO and be members of the Executive Management Team. This will allow them to have greater influence on Citi’s strategy and execution, while enhancing accountability.

   Citi Aligns Organizational Structure With Its Strategy and Simplifies

   www.businesswire.com/news/home/20230913330049/en/Citi-Aligns-Organizational-Structure-With-Its-Strategy-and-Simplifies-Operating-Model

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3. www.fool.com › investing › 2022/10/25Is Citigroup Making Progress With Its Multiyear ...

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   Oct 25, 2022 · Let's take a look at how the bank's multiyear transformation plan is progressing in light of its third-quarter earnings report. Consumer banking sales. Citigroup initially announced plans to...

4. www.citigroup.com › global › newsCiti Statement on Next Phase of Organizational Changes

   www.citigroup.com › global › news

   Citi Statement on Next Phase of Organizational Changes. November 20, 2023. NEW YORK - “Today we shared with our colleagues the next layer of changes across many of our businesses and functions as we continue to align Citi’s organizational structure with our new, simplified operating model.

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     Citigroup announces plan to cut 20,000 employees over the next two years

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6. www.reuters.com › business › financeCiti added new section on reorganization in quarterly report ...

   www.reuters.com › business › finance

   Aug 21, 2024 · Aug 21 (Reuters) - Citigroup's (C.N) addition of a new section concerning its multi-year reorganization to its quarterly report filed with the U.S. Securities and Exchange Commission in August,...

7. www.reuters.com › business › financeExclusive: Citigroup submits multiyear plan to address Fed ...

   www.reuters.com › business › finance

   Sep 16, 2022 · NEW YORK, Sept 16 (Reuters) - Citigroup has submitted a comprehensive multiyear plan to the Federal Reserve and the Office of the Comptroller of the Currency outlining steps to fix...

8. www.citigroup.com › global › newsCiti Statement on Final Phase of Organizational ... - Citigroup

   www.citigroup.com › global › news

   Citi Statement on Final Phase of Organizational Simplification Changes. NEW YORK - "Today we shared with our colleagues that we have concluded the major actions that we announced in September 2023 that align Citi’s structure with our simplified operating model.

9. www.businesswire.com › news › homeCiti Aligns Organizational Structure With Its Strategy and ...

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   Sep 13, 2023 · Citi has been executing a focused strategy for its five interconnected businesses, made rapid progress on exiting its consumer franchises outside the United States, and continues to strengthen...

10. markets.businessinsider.com › news › stocksIs Citigroup Making Progress With Its Multiyear ...

    markets.businessinsider.com › news › stocks

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    Oct 25, 2022 · Early in 2021, when new Chief Executive Officer Jane Fraser took the reins at Citigroup (NYSE: C), she quickly began to overhaul the bank's strat...