Yahoo Finance

Citi plans to spend more in 2025 than it did last year on fixing long-running risk, data, and compliance deficiencies, as it carries out a yearslong turnaround plan that it refers to as its “transformation.” Citi CFO Mark Mason said on a call with reporters that the firm is working to move away from manual activity and automate parts of its risk management processes and compliance programs. Citi is prioritizing its efforts to try and change that.