Reuters reveals Citigroup submits multi-year plan to address Fed concerns

business Finance

Reuters especially manifested That Citigroup has submitted a comprehensive multi-year plan to the Federal Reserve and the Office of the Comptroller of the Currency to correct weaknesses in its risk management and internal controls. Sources said the plan is intended to address a 2020 directive from the Fed that demanded that the bank fix a number of “long-standing deficiencies” in its internal controls.

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Topics of interest: business Finance

Type: Reuters Best

region: equities

region: North America

Country: We

Winning Types: Specialty

Story Type: Special / Scoop

media type: Basic lesson

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