Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🟢 New in Current Filing

Citi Is Subject to Complex Tax Laws, Which May Change, and Citi’s Interpretation or Application of These Complex Tax Laws Could Differ from Those of Governmental Authorities, Which Could Result in Litigation or Examinations and the Payment of Additional Taxes, Penalties or Interest.

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Citi is subject to various tax laws of the U.S. and its states and municipalities, as well as the numerous non-U.S. jurisdictions in which it operates. These tax laws are inherently complex, and Citi must make judgments and interpretations about the application of these laws to its entities, operations and businesses. Moreover, these tax laws and related regulations may change, which could result in additional tax liability for Citi. Additionally, Citi is subject to litigation or examinations with U.S. and non-U.S. tax authorities regarding tax matters. While Citi has appropriately reserved for such matters where there is a probable loss, and has disclosed reasonably possible losses, the outcome of the matters may be different than Citi’s expectations. Citi’s interpretations or application of the tax laws, including with respect to withholding, stamp, service and other non-income taxes, as well as in connection with asset dispositions, divestitures or similar transactions, could differ from that of the relevant governmental taxing authority, which could result in the requirement to pay additional taxes, penalties or interest, the reduction of certain tax benefits or the requirement to make adjustments to amounts recorded, which could be material. See Note 30 for additional information on how Citi accrues for potential losses from tax matters.

🟢 New in Current Filing The Development and Use of AI by Citi and Others Present Risks to Citi’s Businesses. 🔒

🟢 New in Current Filing First Line of Defense 🔒

🟢 New in Current Filing Independent Compliance Risk Management 🔒

🟢 New in Current Filing Executive Management Team 🔒

🟢 New in Current Filing Average Loans 🔒

🟢 New in Current Filing Portfolio Mix—Industry 🔒

🟢 New in Current Filing This page intentionally left blank. 🔒

🟢 New in Current Filing Consumer Credit Portfolio 🔒

🟢 New in Current Filing Branded Cards—Credit Cards 🔒

🟢 New in Current Filing Scenario Analysis 🔒

🔴 No Match in Current Filing Citi’s Ability to Utilize Its DTAs, and Thus Reduce the Negative Impact of the DTAs on Citi’s Regulatory Capital, Will Be Driven by Its Ability to Generate U.S. Taxable Income. 🔒

🔴 No Match in Current Filing NET ZERO AND SUSTAINABILITY 🔒

🔴 No Match in Current Filing Net Zero Emissions by 2050 🔒

🔴 No Match in Current Filing Sustainable Operations 🔒

🔴 No Match in Current Filing Sustainable Finance 🔒

🔴 No Match in Current Filing HUMAN CAPITAL RESOURCES AND MANAGEMENT 🔒

🔴 No Match in Current Filing Workforce Size and Distribution 🔒

🔴 No Match in Current Filing All Other, including Legacy Franchises, Operations and Technology, and Global Staff Functions 🔒

🔴 No Match in Current Filing Talent Management 🔒

🔴 No Match in Current Filing Driving a Culture of Excellence and Accountability 🔒

🔴 No Match in Current Filing Workforce Development 🔒

🔴 No Match in Current Filing Benefits and Well-being 🔒

🔴 No Match in Current Filing Independent Risk Management 🔒

🔴 No Match in Current Filing Board Oversight 🔒

🔴 No Match in Current Filing Portfolio Mix—Industry 🔒

🔴 No Match in Current Filing Consumer Credit Portfolio 🔒

🔴 No Match in Current Filing Branded Cards 🔒

🔴 No Match in Current Filing Loan Maturities 🔒

🔴 No Match in Current Filing Consumer loans, net of unearned income, excluding portfolio-layer cumulative basis adjustments(3) 🔒

🔴 No Match in Current Filing Long-Term Liquidity Measurement: Net Stable Funding Ratio (NSFR) 🔒

🔴 No Match in Current Filing Select Balance Sheet Items 🔒

🔴 No Match in Current Filing Cash and Investments 🔒

🟡 Modified Third Line of Defense 🔒

🟡 Modified A Deterioration in or Failure to Maintain Citi’s Co-Branding or Private Label Credit Card Relationships Could Have a Negative Impact on Citi. 🔒

🟡 Modified Enterprise Support Functions 🔒

🟡 Modified ACLL for corporate loan losses as a percentage of total corporate loans—net of unearned income(6) 🔒

🟡 Modified Total Loss-Absorbing Capacity (TLAC) 🔒

🟡 Modified Interest Rate Risk of Investment Portfolios—Impact on AOCI 🔒

🟡 Modified Funded exposure(1)(3) 🔒

🟡 Modified Citibank—Additional Potential Impacts 🔒

🟡 Modified A Ratings Downgrade Could Adversely Impact Citi’s Funding and Liquidity. 🔒

🟡 Modified A Disruption or Failure of Citi’s Operational Processes or Systems Could Negatively Impact Its Reputation, Customers, Clients, Businesses or Results of Operations and Financial Condition. 🔒

🟡 Modified If Citi’s Risk Management and Other Processes or Strategies Are Deficient or Ineffective, Citi May Incur Significant Losses and Its Regulatory Capital and Capital Ratios Could Be Negatively Impacted. 🔒

🟡 Modified Non-bank(1) 🔒

🟡 Modified Short-Term Borrowings 🔒

🟡 Modified Regulatory Expectations and Scrutiny in the U.S. and Globally as well as Ongoing Interpretation and Implementation of Regulatory and Legislative Requirements and Changes Subject Citi to Significant Compliance, Regulatory and Other Risks and Costs. 🔒

🟡 Modified Parallel shift(1) 🔒

🟡 Modified USPB(5)(6) 🔒

🟡 Modified FICO distribution(1) 🔒

🟡 Modified Retail Banking 🔒

🟡 Modified Citi’s and Third Parties’ Computer Systems and Networks Continue to Be Susceptible to an Increasing Risk of Evolving, Sophisticated Cybersecurity Incidents That Could Result in the Theft, Loss, Non-Availability, Alteration, Misuse or Disclosure of Confidential Information, Damage to Citi’s Reputation, Regulatory Penalties, Legal Exposure and Financial Losses. 🔒

🟡 Modified ACLL by type at end of year(10) 🔒

🟡 Modified Details of Credit Loss Experience 🔒

🟡 Modified High-Quality Liquid Assets (HQLA) 🔒

🟡 Modified 2025 vs. 2024 🔒

🟡 Modified Citi’s Ability to Utilize Its DTAs, and Thus Reduce the Negative Impact of the DTAs on Citi’s Regulatory Capital, Will Be Driven by Its Ability to Generate U.S. Taxable Income. 🔒

🟡 Modified Mexico Consumer 🔒

🟡 Modified Loans Outstanding 🔒

🟡 Modified Citi’s Performance Could Be Negatively Impacted if It Is Not Able to Hire and Retain Qualified Employees. 🔒

🟡 Modified Business Environment, Including Competitive Challenges and Emerging Technologies. 🔒

🟡 Modified Changes in or Incorrect Accounting Assumptions, Judgments or Estimates, or the Application of Certain Accounting Principles, Could Result in Significant Losses or Other Adverse Impacts. 🔒

🟡 Modified Exposure to Commercial Real Estate 🔒

🟡 Modified Independent Risk Management 🔒

🟡 Modified CONSUMER CREDIT 🔒

🟡 Modified Climate Change Presents Various Financial and Non-Financial Risks to Citi. 🔒

🟡 Modified Loans at fair value(1) 🔒

🟡 Modified Citi May Be Unable to Achieve Its Objectives from Its Simplification, Transformation and Enhanced Business Performance Priorities. 🔒

🟡 Modified Credit Risk and Concentrations of Risk Can Increase the Potential for Citi to Incur Significant Losses. 🔒

🟡 Modified Board and Executive Management Governance Committees 🔒

🟡 Modified Citi Faces Ongoing Regulatory and Legislative Uncertainties and Changes in the U.S. and Globally. 🔒

🟡 Modified Corporate Credit Portfolio 🔒

🟡 Modified Interest rate exposure(1)(2) 🔒

🟡 Modified All Other—Legacy Franchises (managed basis)(3) 🔒

🟡 Modified Interest Income/Expense and Net Interest Margin (NIM) 🔒

🟡 Modified Allowance for Credit Losses on Loans (ACLL) 🔒

🟡 Modified CREDIT RISK 🔒

🟡 Modified Non-Accrual Loans 🔒

🟡 Modified Second Line of Defense 🔒

🟡 Modified Total fixed/variable pricing of corporate loans with maturities due after one year, net of unearned income(3)(4) 🔒

🟡 Modified Long-Term Liquidity Measurement: Net Stable Funding Ratio (NSFR) 🔒

🟡 Modified Taxable Equivalent Basis 🔒

🟡 Modified Rating of Hedged Exposure 🔒

🟡 Modified HUMAN CAPITAL RESOURCES AND MANAGEMENT 🔒

🟡 Modified Retail Services 🔒

🟡 Modified Branded Cards 🔒

🟡 Modified Short-Term Liquidity Measurement: Liquidity Coverage Ratio (LCR) 🔒

🟡 Modified Non-Markets Net Interest Income 🔒

🟡 Modified Board Oversight 🔒

🟡 Modified Citi’s Emerging Markets Presence Subjects It to Various Risks as well as Increased Compliance and Regulatory Risks and Costs. 🔒

🟡 Modified Consumer Loan Delinquencies Amounts and Ratios 🔒

🟡 Modified SUSTAINABILITY 🔒

🟡 Modified Wealth(2)(3) 🔒

🟡 Modified Consumer Loan Net Credit Losses (NCLs) and Ratios 🔒

🟡 Modified Managing Global Risk—Table of Contents 🔒

🟡 Modified Long-Term Debt (LTD) 🔒

🟡 Modified All Other—Legacy Franchises 🔒

🟡 Modified Loan Maturities and Fixed/Variable Pricing of Consumer Loans 🔒

🟡 Modified Loan Maturities and Fixed/Variable Pricing of Corporate Loans 🔒

🟡 Modified U.S. Personal Banking 🔒

🟡 Modified Changes to Financial Accounting and Reporting Standards or Interpretations Could Have a Material Impact on How Citi Records and Reports Its Financial Condition and Results of Operations. 🔒

101 more changes in this filing

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