Exclusive: Citigroup plans to slash IT contractors, hire staff to improve controls

Business and FinanceBusiness and Finance

Thu, March 13, 2025

[ Today @ 09:41 AM ] - Reuters

Wall St set for lower open after Trump's new tariff salvo; spotlight on inflation data

[ Today @ 09:40 AM ] - Fortune

Roomba creator iRobot was once courted by Amazon .. cuum revolution. Now, it might go out of business

[ Today @ 09:25 AM ] - EssentiallySports

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[ Today @ 09:24 AM ] - Yahoo

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[ Today @ 09:22 AM ] - Axios

EPA to revisit Obama- and Biden-era rules on climate regulations

[ Today @ 09:20 AM ] - Reuters

US Senator Warren demands Medicare nominee Dr. Oz sever industry ties

[ Today @ 09:05 AM ] - Newsweek

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[ Today @ 09:03 AM ] - Yahoo

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[ Today @ 09:02 AM ] - CalMatters

California has 30 new proposals to rein in AI. Trump could complicate them

[ Today @ 09:02 AM ] - insideHPC

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[ Today @ 09:01 AM ] - Week99er

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[ Today @ 08:43 AM ] - TechRadar

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[ Today @ 08:30 AM ] - WOPRAI

Short squeeze is starting in shares of XOS at $3.45, after crossing above the $3.374 Trigger Price

[ Today @ 08:30 AM ] - WOPRAI

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[ Today @ 08:23 AM ] - WalesOnline

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[ Today @ 08:23 AM ] - BenefitsPRO

Navigating the complexities of health and wellness programs for your workforce

[ Today @ 08:21 AM ] - MarketWatch

Mallinckrodt and Endo plan merger as they look to recover from opioid litigation

[ Today @ 08:20 AM ] - Forbes

What Trump's Presidency Means For Medicare (And What You Can Do About It)

[ Today @ 08:11 AM ] - Demilked

30 Funny And Sarcastic Comics That Highlight Interesting Conflicts In Society

[ Today @ 08:03 AM ] - YourErie

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[ Today @ 08:02 AM ] - Bloomberg

OpenAI Asks White House for Relief From State AI Rules

[ Today @ 08:00 AM ] - Reuters

Canada's CIBC names capital markets head Harry Culham as next CEO, Dodig to retire

[ Today @ 07:45 AM ] - MSN

'Right to Play' bill that would affect high school athletes advances in House

[ Today @ 07:44 AM ] - PennLive

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[ Today @ 07:44 AM ] - NDTV

Alia Bhatt And Ranbir Kapoor Head To Alibaug To Celebrate Actress's 32nd Birthday

[ Today @ 07:43 AM ] - TechRadar

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[ Today @ 07:41 AM ] - SaltWire

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[ Today @ 07:41 AM ] - Reuters

UN experts accuse Israel of genocidal acts and sexual violence in Gaza

[ Today @ 07:41 AM ] - dw

Germany's likely new government makes a risky gambit

[ Today @ 07:40 AM ] - Reuters

Thai business group urges PM to negotiate with U.S. amid tariff fears

[ Today @ 07:40 AM ] - MSNBC

The House just gave Musk and Trump a blank check. The Senate should tear it up.

[ Today @ 07:25 AM ] - ESPN

Early-morning runs, autograph signings and so many dunks: Tales of a young Cooper Flagg

[ Today @ 07:23 AM ] - Yahoo

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[ Today @ 07:21 AM ] - Kiplinger

Is 2025 a Bad Year To Retire?

[ Today @ 07:21 AM ] - MarketWatch

The stock market is wobbly. Is now a good time to change how much I invest?

[ Today @ 07:20 AM ] - Barchart

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[ Today @ 07:11 AM ] - collider

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[ Today @ 07:05 AM ] - Heavy

Giants 'Pivot' in Free Agency After Missing Out on $88 Million Target: Report

[ Today @ 07:03 AM ] - Today

Kris Jenner breaks down over mom's health: It's 'really sad,' she says

[ Today @ 07:02 AM ] - TheHyperHive

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[ Today @ 07:01 AM ] - Forbes

Calming Advice For A Chaotic Stock Market

[ Today @ 07:01 AM ] - Reuters

Drugmakers Mallinckrodt and Endo to merge in nearly $7 billion deal

[ Today @ 07:00 AM ] - Moneycontrol

NIFTY 50 Intraday: Shriram Finance and Tata Motor .. Among Top Losers; Bharat Elec and SBI Lead Gains

[ Today @ 06:44 AM ] - PennLive

Ex-ESPN analyst, football star shares heartbreaking health news about wife

[ Today @ 06:40 AM ] - Reuters

Exclusive: Citigroup plans to slash IT contractors, hire staff to improve controls

[ Today @ 06:25 AM ] - TEAMtalk

Perfect Mo Salah contract solution presented to Liverpool as star 'offers himself' to Euro giants

[ Today @ 06:24 AM ] - NDTV

Alia Bhatt And Ranbir Kapoor Head To Alibaug To Celebrate Her 32nd Birthday

[ Today @ 06:22 AM ] - IOL

How research underfunding robs South Africa of scientific innovations

[ Today @ 06:21 AM ] - autoweek

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[ Today @ 05:51 AM ] - collider

20 Longest-Running Crime TV Shows, Ranked

[ Today @ 05:44 AM ] - Glamsham

The wait is over! Alia Bhatt confirms her Cannes .. but and we can't wait to see her glamorous avatar

[ Today @ 05:42 AM ] - BBC

Pupils tackling 'real-world problems' using Lego

[ Today @ 05:23 AM ] - Health

What To Know About Intussusception in Children and Adults

[ Today @ 05:22 AM ] - STAT

Federal research instability risks postdoc careers, American leadership

[ Today @ 05:20 AM ] - Politico

Pete Hoekstra is poised to become US ambassador to Canada at a tense moment

[ Today @ 05:20 AM ] - Politico

Selling Politics: Inside the Rush to Get Rich Off of MAGA

[ Today @ 05:11 AM ] - collider

The 55 Best Movies on Max Right Now

[ Today @ 05:04 AM ] - Moneycontrol

Singer Stebin Ben Birthday celebration takes flight with MS Dhoni and other friends, see here

[ Today @ 05:02 AM ] - CNET

Rise Science App Review: Can It Improve Your Sleep?

[ Today @ 05:02 AM ] - GeekWire

GeekWire Awards: Nuclear power, quantum computing and more Innovation of the Year finalists

[ Today @ 04:45 AM ] - Reuters

Motor racing-McLaren confident of Norris-Piastri harmony

[ Today @ 04:44 AM ] - NDTV

Explained: The Kim Soo-Hyun And Kim Sae-Ron Contr .. th "Dating A Minor" Allegations. It's Complicated

[ Today @ 04:44 AM ] - Firstpost

Amid divorce proceedings with Yuzvendra Chahal, D .. kes rare appearance: 'I am feeling very...' WATCH

[ Today @ 04:43 AM ] - Moneycontrol

9 causes of dizziness: Dehydration, heat, anaemia, and more

[ Today @ 04:43 AM ] - Moneycontrol

10 easy ways to lose weight: Mindful eating, good sleep, and more

[ Today @ 04:24 AM ] - Insider

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[ Today @ 04:22 AM ] - Moneycontrol

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[ Today @ 04:20 AM ] - Kiplinger

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[ Today @ 04:20 AM ] - Bizcommunity

Government allocates R19.1bn for teachers over the medium term

[ Today @ 04:20 AM ] - Insider

Embarrassment, fear, and protests: 4 Tesla owners tell BI why they sold their cars

[ Today @ 04:12 AM ] - WOPRAI

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DP World flags uncertain outlook after annual profit slumps 28%

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Deutsche Bank sees 2025 revenue gains at all four main businesses

[ Today @ 03:40 AM ] - Investopedia

S&P 500 Gains and Losses Today: Tech Stocks Bounce Back After Soft Inflation Data

Exclusive: Citigroup plans to slash IT contractors, hire staff to improve controls

^{Published on 2025-03-13 06:40:47 - Reuters}

Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls.

Citigroup Inc. is planning to significantly reduce its reliance on external IT contractors by hiring more full-time staff, aiming to enhance control over its technology operations. This strategic shift, announced on March 13, 2025, is part of a broader initiative to improve efficiency and manage costs more effectively. The bank has been under scrutiny for its technology management, especially after a series of operational issues and regulatory fines. By transitioning to in-house staff, Citigroup seeks to streamline its IT processes, reduce expenses associated with contractor fees, and ensure better alignment with the company's long-term goals. This move also reflects a broader industry trend towards reducing external dependencies in critical operational areas.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/citigroup-plans-slash-it-contractors-hire-staff-improve-controls-2025-03-13/ ]

N@N

Exclusive: Citigroup plans to slash IT contractors, hire staff to improve controls