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Citigroup faulted by U.S. banking regulators for unlucky files administration in ‘living will’ review

Bibliometric Details: Issue No: 11 | Issue Month:November | Issue Year:2022

CEO of Citigroup Jane Fraser testifies in the guts of a listening to sooner than the Apartment Committee on Financial Services and products at Rayburn Apartment Place of work Building on Capitol Hill on September 21, 2022 in Washington, DC.

Alex Wong | Getty Photos

Citigroup needs to deal with weaknesses in the way in which it manages files, primarily primarily based entirely on a review of the ideal banks’ so-called living will plans, U.S. banking regulators acknowledged Wednesday.  

Citigroup used to be the genuine financial institution amongst the eight institutions reviewed that used to be stumbled on to enjoy a shortcoming in its concept, the Federal Reserve and the Federal Deposit Insurance coverage Company acknowledged in a open.

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