Major US Bank To Pay $135,600,000 Fine Over Perpetual Problems With Risk Management, Compliance, Data and Internal Controls

US banking giant Citigroup will shell out $135.6 million to regulators for failing to fix longstanding issues with the bank’s risk management, compliance, data handling and internal controls. The Federal Reserve and the Office of the Comptroller of the Currency (OCC) have imposed the collective fine for failing to address deficiencies flagged in two enforcement […] source: https://dailyhodl.com/2024/07/21/major-us-bank-to-pay-135600000-fine-over-perpetual-problems-with-risk-management-compliance-data-and-internal-controls/