Citigroup is shifting responsibility for a key piece of its compliance work and around 800 employees from chief operating officer Anand Selva, after the bank was fined $136mn by regulators this summer for reporting failures.

Citi's new tech head Tim Ryan will co-lead its data efforts to appease regulators with COO Anand Selva. Here's what you need to know about the new status quo.

Citigroup, one of the world’s largest financial institutions, is undergoing a significant restructuring of its compliance efforts in response to recent regulatory pressures. The bank is shifting responsibility for a crucial aspect of its compliance work,