Bank regulators tell Citigroup to take urgent action to fix resolution plan
Source: Reuters
Nov 23 (Reuters) - The U.S. Federal Reserve and the Federal Deposit Insurance Corp identified a shortcoming in Citigroup Inc’s so-called “living will” that details how the firm would be unwound in the event of bankruptcy.Banking regulators said thatproblems with Citi’s data governance could adversely affect its ability to produce timely and accurate data during a period of financial stress.Shares of Citi fell 2%…
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