Citigroup’s Strategic Overhaul Amid SEC Scrutiny

Citigroup's Reorganization and SEC Inquiries
In August, Citigroup made significant changes to its quarterly report filed with the U.S. Securities and Exchange Commission (SEC), prompted by inquiries from the regulatory body. This move comes after a letter from the SEC in June, urging Citigroup to improve future filings. Such regulatory scrutiny highlights the importance of transparency and adherence to financial reporting standards for major institutions like Citi.