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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

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

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   Does Citigroup have a risk management plan?

   • REUTERS/Chris Helgren/File Photo Purchase Licensing Rights 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 weaknesses in its risk management and internal controls, two sources familiar with matter 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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   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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   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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   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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   Is Citigroup still underperforming?

   • The stock is still underperforming, but CEO Fraser and her team's attempts to turn it around seem to be having some effect. After new CEO Jane Fraser took over the top management spot earlier this year, Citigroup ( C 1.60%) began what looks to be a multi-year strategy refresh.

   Citigroup's Strategy Refresh Will Not Happen Overnight

   www.fool.com/investing/2021/11/15/citigroup-strategy-refresh-hasnt-been-perfect/

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

   www.fool.com › investing › 2022/10/25

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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...

4. www.citigroup.com › global › newsRemarks by CEO Jane Fraser at Citi’s 2024 ... - Citigroup

   www.citigroup.com › global › news

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   Apr 30, 2024 · This is our multi-year effort to strengthen our risk and controls environment and modernize our infrastructure and data architecture. It remains our number one priority. In 2023, we retired 6% of our legacy platforms for the second year in a row — a trend we continued in the first quarter of 2024.

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6. 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 weaknesses...

7. ca.finance.yahoo.com › news › exclusive-citigroupExclusive-Citigroup submits multiyear plan to address Fed ...

   ca.finance.yahoo.com › news › exclusive-citigroup

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   Sep 16, 2022 · NEW YORK (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 weaknesses in its risk...

8. www.fool.com › investing › 2021/11/15Citigroup's Strategy Refresh Will Not Happen Overnight, But ...

   www.fool.com › investing › 2021/11/15

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   Nov 15, 2021 · After new CEO Jane Fraser took over the top management spot earlier this year, Citigroup (C 1.03%) began what looks to be a multi-year strategy refresh. It involves correcting regulatory...

9. 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,...

10. www.reutersagency.com › en › reutersbestReuters reveals Citigroup submits multiyear plan to address ...

    www.reutersagency.com › en › reutersbest

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    Sep 16, 2022 · Reuters exclusively revealed that Citigroup has submitted a comprehensive multiyear plan to the Federal Reserve and the Office of the Comptroller of the Currency outlining steps to fix weaknesses in its risk management and internal controls.