Exclusive-Citi hit by new Fed rebuke, setbacks on consent orders

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Citigroup (C) shares dip on report of new Fed demands to fix risk control

February 12, 2024 9:41 AM EST

Citigroup (NYSE: C) shares are down Monday after reports stated U.S. regulators have asked the bank for urgent changes regarding its process for measuring the default risk of its trading partners.

In addition, Reuters stated that the bank's own auditors feel a... More