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
Related
California Governor Gavin Newsom has signed emergency legislation extending to January 1, 2021 - the...
Read More >
In Part 1 of this series of posts, we discussed how business owners must think beyond the near term ...
Read More >
On July 22, 2019, the Ninth Circuit withdrew its recent decision in Vazquez v. Jan-Pro Franchising I...
Read More >
In Fairstone Financial Holdings Inc v Duo Bank of Canada, Koehnen J. of the Ontario Superior Court o...
Read More >
Krista Townley was a server at BJ’s Restaurants, Inc. As a server, Townley was required to wear bla...
Read More >
Effective March 16, 2020, employers will be able to use a four-factor balancing test in determining ...
Read More >