Citigroup Inc Chief Financial Officer Mark Mason said on Monday that the bank is accelerating investments in its risk and control functions following a high profile US$900 million operational error.
FILE PHOTO: The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris HelgrenREUTERS: Citigroup Inc Chief Financial Officer Mark Mason said on Monday that the bank is accelerating investments in its risk and control functions following a high profile US$900 million operational error.
Speaking at an investor conference, Mason said the bank has planned US$1 billion in incremental investments this year to shore up the bank's infrastructure and improve risk management and compliance across the firm.
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