They will selectively co-innovate with promising start-ups and fintechs.
The new service will help improve execution quality assessment across brokers.
Michael Corbat, chief executive of Citi, said partnering with fintechs is the future.
Banks will need to optimize risk and capital even more efficiently next year.
COVID-19 is accelerating banks' shift to a digital-first contactless environment.
The bank will provide market-making in AMERIBOR interest rate swaps.
Risk management practices were deficient and the framework to avoid conflicts of interest was insufficient.
The bank has owned a non-controlling interest in York since 2010.
FInancial markets are increasingly reliant on electronification and collaboration tools.