Thursday, September 23, 2021

Citigroup split up will send IT in ‘reverse’

LONDON – Troubled international banking group Citigroup said it is splitting its business in two in a move that analysts warned would put its IT strategy in a backspin.

The bank, one of the world’s largest, last week confirmed numerous reports that it is splitting off its less profitable divisions in a dramatic restructure, as it sent shudders through the market with a fourth quarter loss of US$8.29 billion (

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Jim Love, Chief Content Officer, IT World Canada

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