Reuters reveals Citigroup submits multiyear plan to address Fed concerns – Reuters News Agency

Business and Finance

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.

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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

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