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Regulators prepare to reprimand Citigroup for failing to improve risk systems- WSJ

Federal regulators are preparing to reprimand Citigroup Inc for failing to improve its risk-management systems, the Wall Street Journal reported https://on.wsj.com/3mvwLES on Monday. The expected move from the Office of the Comptroller of the Currency and the Federal Reserve accelerated planning for

Sept 14 (Reuters) – Federal regulators are preparing to reprimand Citigroup Inc for failing to improve its risk-management systems, the Wall Street Journal reported https://on.wsj.com/3mvwLES on Monday.

The bank’s shares fell 3.3% after the news.

The expected move from the Office of the Comptroller of the Currency and the Federal Reserve accelerated planning for Chief Executive Officer Michael Corbat’s…

Reuters

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