FT.com / Companies / Banks - Citigroup looks to slash tech costs

Citi had originally estimated it could save $3bn over three years by rationalising its operations and technology functions, which employ 140,000 people, including 25,000 software developers – more than many information technology companies.

But progress in reducing overlaps and linking IT infrastructure across businesses that had run individual systems prompted Citi executives to increase its target.

FT.com / Companies / Banks - Citigroup looks to slash tech costs