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Jul 11, 2024 · WASHINGTON, July 10 (Reuters) - U.S. bank regulators fined Citigroup (C.N) $136 million for making "insufficient progress" fixing data management issues identified in 2020 and required the bank...
Jul 10, 2024 · NEW YORK (AP) — A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal...
Jul 10, 2024 · A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues.
Jul 15, 2024 · “Citigroup has made insufficient progress remediating its problems with data quality management,” the Fed said in a Wednesday statement. “Our transformation is addressing decades of underinvestment in large parts of Citi’s infrastructure and in our risk and control environment,” Fraser said, pointing to “fragmented tech platforms ...
Jul 10, 2024 · The Federal Reserve, which is assessing part of the fine, said a 2023 inspection of Citi found that its data control issues remained a risk.
Oct 9, 2024 · The Transformation is about really repiping the machine. Gonzalo Luchetti, head of US personal banking. Three senior executives pointed to his experience navigating regulation and working with...
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Oct 17, 2024 · Citigroup’s comeback is capped by regulatory threat. Bank must spend to fix the areas where regulators require faster progress, complicating efforts to bring costs down. Regulatory overhang...
