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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.
Regulators slapped Citigroup with $136 million in fines for failing to resolve long-standing deficiencies surrounding controls and risk management, a setback for CEO Jane Fraser as she tries to ...
A federal appeals court on Tuesday said a Citigroup vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in October 2020 over its risk management ...
Despite the reporting problems, Citigroup maintained a mostly successful third quarter, reporting net income of $3.2 billion, or $1.51 per diluted share, on revenues of $20.3 billion.
In re Citigroup Inc Shareholder Derivative Litigation, 964 A 2d 106 (Del Ch 2009) is a US corporate law case, concerning the standard under Delaware law for the duty of loyalty among directors' duties.
Citigroup building with a sketch of internal framework superimposed on one side. The same design is used on all four sides and transmits wind and gravity loads to the four support stilts. There is also a fifth support column in the center.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank , and Travelers ; Travelers was spun off from the company in 2002.
Citigroup will likely face significant costs as it tries to prove to regulators that it can correct its “longstanding” issues with risk management.