Benefits did not offset execution risks, restructuring costs and capital requirements.
The French bank has a programme that has developed 60 internal startups.
The enlarged group should be better placed to capture growth in Latin America and Asia.
The Advanced Citi ETF System technology platform enables the bank to fully automate the ETF life cycle.
The reorganisation will be completed by the third quarter of this year.
French bank allies with Forge Global to develop and distribute products providing exposure to private innovation companies
About 80% of the cost structure comes from reconciling data.
The bank made 220.2m errors in its transaction reporting over 9.5 years.
Initial focus has been fixed income in the front office.
