![Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies](https://static.news.bitcoin.com/wp-content/uploads/2024/07/citifineddds-768x432.jpg)
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6 Million Fine from Federal Reserve for Risk Management Shortcomings In a recent examination, the […]