Reuters exclusively reported that U.S. regulators asked Citigroup for urgent changes to the way it measures default risk of its trading partners. Reuters also reported exclusively that the bank’s own auditors found a plan to improve internal oversight to be lacking.
Business & FinanceEconomy
Citi hit by new Fed rebuke, setbacks on consent orders
13 February 2024, 10:57 pm 1 minute
Market Impact
Citigroup shares fell as much as 1.8% while an index of broader bank stocks rose. The story was cited in a report by prominent Wells Fargo analyst Mike Mayo.
Article Tags
Topics of Interest: Business & FinanceEconomy
Type: Reuters Best
Sectors: Business & FinanceEconomy & PolicyFinancial Services
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
