08:05 AM EST, 02/06/2026 (MT Newswires) -- (Updates with Citigroup's ( C ) response in the last paragraph.)

Citigroup ( C ) executives believe they will be able to finish work on a set of consent orders later this year, allowing a shift in emphasis to growing profits, Reuters reported Friday, citing two sources familiar with the situation.

The company has been engaged for six years in compliance work on regulatory matters involving thousands of employees caused by a bungled $900 million transfer to creditors of Revlon, the report said.

Chief Executive Jane Fraser told analysts last month that the compliance work is 80% done, Reuters reported.

In an emailed response to an inquiry by MT Newswires, Citigroup ( C ) said: "Our transformation is Citi's number one priority, and we continue to work closely with our regulators, who ultimately determine when to lift our consent orders."

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