Citigroup said completion of its year-2000-related computer conversions would cost $50 million more than previously was estimated.

The increase, revealed in an a Securities and Exchange Commission quarterly filing for the period ended June 30, would bring the bank's total pre-tax year 2000 conversion cost to about $950 million. To date, about $830 million has been incurred, including $170 million in the first six months of 1999. -- Carol Power

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.