15Sep
Financial Daily Dose 9.15.2020 | Top Story: Citi Faces Federal Risk-Management Inquiry, Resumes Job Cuts
Federal authorities are prepping to “reprimand Citigroup Inc. for failing to improve its risk-management systems—an expansive set of technology and procedures designed to detect problematic transactions, risky trades and anything else that could harm the bank.” That “expected rebuke” was apparently part of the bank’s move to hasten the departure of CEO Michael Corbat in favor of successor Jane Fraser....
By:
Robins Kaplan LLP
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