Reported 8 months ago
Citigroup is prioritizing efforts to address regulatory issues as it aims to enhance future profitability, automating processes and improving data reporting to meet regulatory requirements. Executives outlined growth strategies while acknowledging slow progress in certain areas, emphasizing the importance of resolving consent orders to ensure long-term success. The bank's services division, responsible for processing $5 trillion in payments daily, is central to Citigroup's turnaround plan, with a focus on adapting to economic changes and diversifying global business to mitigate revenue impacts.
Source: YAHOO