Citi shakes up leadership
Citi COO relieved of responsibility for data overhaul following $136 million fine
Citigroup is stripping chief operating officer Anand Selva of his responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.
Memo: Citi shakes up leadership after $136 million in fines for data quality issues
Citi's new tech head Tim Ryan will co-lead its data efforts to appease regulators with COO Anand Selva. Here's what you need to know about the new status quo.
Citi tasks ex-PwC leader with overseeing data quality improvement team
Tim Ryan, who joined the megabank in June, will work with COO Anand Selva to oversee enhancements to Citigroup's data integrity systems, according to a memo.
Citi taps tech chief Ryan to fix data management issues alongside Selva, memo shows
Citigroup has tasked technology head Tim Ryan to work alongside Chief Operating Officer Anand Selva in fixing the bank's longstanding data management issues, according to a memo seen by Reuters on Monday.
Citigroup strips COO of responsibility for data overhaul after $136mn fine
Citigroup is shifting responsibility for a key piece of its compliance work and around 800 employees from chief operating officer Anand Selva, after the bank was fined $136mn by regulators this summer for reporting failures.
Citigroup shifts compliance work for 800 staff after $136M fine
Citigroup, one of the world’s largest financial institutions, is undergoing a significant restructuring of its compliance efforts in response to recent regulatory pressures. The bank is shifting responsibility for a crucial aspect of its compliance work,
Government fines Citigroup $136 million for failing to fix longstanding internal control issues
NEW YORK (AP) — A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the ...
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Appeals Court Rejects Citigroup Whistleblower's Bid For Share In $400M Fine: Report
He concluded that this undermined Miller’s claim that Citigroup, the third-largest U.S. bank, concealed its compliance failures to evade a government-imposed fine. Chin also said that the ...
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Citigroup whistleblower denied share of $400 million penalty
to fine Citigroup over the audit reports. He said that doomed Miller's accusation that the third-largest U.S. bank hid its compliance failures to avoid a fine that the government was entitled ...
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Citigroup plans 20,000 job cuts over two years
Profits lag its peers and in earlier years it has run into regulatory issues, including fines over money-laundering controls. Citi said the ... and a special fee the government levied on US ...
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Earnings recap: Citigroup's OCC plan, First Guaranty layoffs
From Citigroup's positive earnings butting up against fines from the Office of the Comptroller of the Currency to First ...