Citi hit by new Fed rebuke, setbacks on consent orders 

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Business & FinanceEconomy

Reuters exclusively reported that U.S. regulators asked Citigroup for urgent changes to the way it measures default risk of its trading partners. Reuters also reported exclusively that the bank’s own auditors found a plan to improve internal oversight to be lacking.  

Market Impact

Citigroup shares fell as much as 1.8% while an index of broader bank stocks rose. The story was cited in a report by prominent Wells Fargo analyst Mike Mayo. 

Article Tags

Topics of Interest: Business & FinanceEconomy

Type: Reuters Best

Sectors: Business & FinanceEconomy & PolicyFinancial Services

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



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