Title: Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies
Post by: Bitcoin on Jul 11, 2024, 07:43 am
Post by: Bitcoin on Jul 11, 2024, 07:43 am
Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6 Million Fine from Federal Reserve for Risk Management Shortcomings In a recent examination, the […]
Source: Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies (https://news.bitcoin.com/federal-reserve-fines-citigroup-60-6-million-for-ongoing-risk-management-deficiencies/)
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6 Million Fine from Federal Reserve for Risk Management Shortcomings In a recent examination, the […]Source: Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies (https://news.bitcoin.com/federal-reserve-fines-citigroup-60-6-million-for-ongoing-risk-management-deficiencies/)