Senior leaders were paid just 68% of 2024’s target, the bank said in a proxy filing, citing slower progress on regulatory issues.

An internal review also found 10 similar near misses of $1B+ last year, down from 13 the year before. While Citi is making progress, the latest blunder raises fresh questions about its risk ...

Dipendra Malhotra, former head of analytics, AI and data at Morgan Stanley's wealth unit, will help drive technology modernization at Citi, CIO Jonathan Lofthouse said.