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Citi fined $136M for failing to fix regulatory issues

Bank will pay $61M to the Fed

Bloomberg NewsbyBloomberg News
July 11, 2024
in Risk & Security
Reading Time: 2 mins read
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Citigroup Inc. will pay almost $136 million in fines to US bank regulators over issues related to data-quality management and risk controls. The Federal Reserve said Wednesday that its penalty was for Citi violating an enforcement action from 2020. The bank will pay $61 million to the Fed and about $75 million to the Office […]

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