• 11/26/2024

Citi hit by new Fed rebuke, setbacks on consent orders 

Reuters

Reuters exclusively reported that U.S. regulators asked Citigroup for urgent changes to the way it measures default risk of its trading partners. Reuters also reported exclusively that the bank’s own auditors found a plan to improve internal oversight to be lacking.  

The post Citi hit by new Fed rebuke, setbacks on consent orders  appeared first on Reuters News Agency.

https://www.reutersagency.com/en/reutersbest/article/citi-hit-by-new-fed-rebuke-setbacks-on-consent-orders/