Reuters reveals Citigroup submits multiyear plan to address Fed concerns – Reuters News Agency
Business and Finance
September 16, 2022, 7:57 pm. 1 minute
| Reuters Exclusively disclosed That Citigroup has submitted to the Federal Reserve and the Office of the Comptroller of the Currency a comprehensive multi-year plan outlining steps to address weaknesses in its risk management and internal controls; The plan is aimed at addressing a 2020 directive from the Fed that called for the bank to address several “long-standing deficiencies” in its internal controls, the sources said. |
Article Tags
Topics of interest: Business and Finance
Type: Writer’s Best
Sectors: Equities
Area: North America
Countries: US
Types of wins: characteristic
Story Types: Exclusive / Scoop
Types of media: The text