WASHINGTON (Reuters) – A pair of U.S. bank regulators ordered Citigroup Inc to clean up “several longstanding deficiencies” in a new enforcement order against the bank.
The order, from the Federal Reserve and Office of the Comptroller of the Currency, say the bank must overhaul its firm-wide risk management and internal controls, adding the firm has not taken effective actions to identify issues previously raised by regulators.
(Reporting by Pete Schroeder; Editing by Chris Reese)
