Bank regulators tell Citigroup to take urgent action to fix …
WEBNov 23 (Reuters) - The U.S. Federal Reserve and the Federal Deposit Insurance Corp identified a shortcoming in Citigroup Inc’s so-called “living will” that details how the firm would be unwound...
Government Fines Citigroup $136 Million for Failing to Fix …
WEBJul 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...
Citigroup facing new regulatory knock on its living will, source says
WEBJun 17, 2024 · The U.S. Federal Reserve and the FDIC in 2022 had identified a shortcoming in Citi's so-called living will that details how the firm would be unwound in the event of bankruptcy.
Citigroup to close global distressed-debt unit - CNBC
WEBDec 20, 2023 · Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC has learned. The company decided to close its global distressed-debt...
Citigroup CEO declares 'this is not a credit crisis' after U.S. bank ...
WEBMar 23, 2023 · Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets.
Citigroup faulted by U.S. banking regulators for poor data …
WEBNov 23, 2022 · Citigroup needs to address weaknesses in how it manages financial data, according to a review of the biggest banks’ so-called living will plans, U.S. banking regulators said Wednesday.
Citigroup to shut global distressed-debt business - CNBC
WEBDec 20, 2023 · U.S. lender Citigroup is closing its global distressed-debt business as part of CEO Jane Fraser's overhaul, CNBC reported on Wednesday citing people with direct knowledge of the matter.
Citigroup - Wikipedia
WEBOn November 24, 2008, the U.S. government announced a massive bailout for Citigroup designed to rescue the company from bankruptcy while giving the government a major say in its operations.
Citigroup to shut global distressed-debt business - CNBC - Yahoo …
WEBDec 20, 2023 · (Reuters) - U.S. lender Citigroup is closing its global distressed-debt business as part of CEO Jane Fraser's overhaul, CNBC reported on Wednesday citing people with direct knowledge of the...
Regulators Fine Citigroup $400 Million Over ‘Serious Ongoing ...
WEBOct 7, 2020 · Federal banking regulators on Wednesday fined Citigroup Inc. C 1.19% $400 million and ordered the nation’s third-largest bank to fix its risk-management systems, citing “significant...