---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-002981"
form_type: "8-K"
ticker: "C"
cik: "0000831001"
company_name: "CITIGROUP INC"
filed_at: "2024-01-10T23:59:59+00:00"
generated_at: "2026-06-07T01:11:27.519379+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Citigroup pre-announces ~$4.7B in Q4 charges: reserve build, FDIC assessment, Argentina loss, restructuring

## Summary
- $1.3B reserve build for transfer risk: Argentina ($720M) and Russia ($580M) exposures.
- $1.7B FDIC special assessment charge, revised up from prior ~$1.5B estimate.
- $880M translation loss in Argentina revenues from peso devaluation; partially offset by $250M NII.
- $780M restructuring charges from organizational simplification, mainly severance and impairments.
- New reporting segments effective Q4 2023: Services, Markets, Banking, U.S. Personal Banking, Wealth.

## SEC filing metadata
- accession: 0001104659-24-002981
- form_type: 8-K
- ticker: C
- cik: 0000831001
- company_name: CITIGROUP INC
- filed_at: 2024-01-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831001/000110465924002981/0001104659-24-002981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831001/000110465924002981/c-20220301x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-002981
- JSON: https://secwatch.observer/filing/0001104659-24-002981.json
- Plain text: https://secwatch.observer/filing/0001104659-24-002981.txt

## Key facts
- Earnings Releases
  CITIGROUP INC reported financial results for fourth quarter and full-year 2023.
  - Period: fourth quarter and full-year 2023
  - Result: reported results
  source text: These items will be reflected in Citi’s fourth quarter and full-year 2023 earnings materials to be released on January 12, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/831001/000110465924002981/0001104659-24-002981-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.