In an amended lawsuit, former Citi data executive Kathleen Martin claims Anand Selva suggested twice that she fudge data to the bank’s primary regulator. She declined and lost her job two weeks ...

In addition, Citi "lacks processes to monitor the impact of data quality concerns on regulatory reporting," the OCC said in its latest order. In a press release, acting Comptroller of the Currency ...

According to the suit, Selvakesari, better known as Selva, pressured Martin to hide information that would make Citi "look bad" from the OCC. After repeated refusals, she was fired in September 2023.

Citi has spent more than $7.4 billion to make peace with regulators and hasn't succeeded. Donald Trump's election and promise of deregulation bode well for the bank. Citi CEO Jane Fraser has faced ...

In 2020, Citi was told by the two organizations to fix problems with its data quality management and risk management with the Fed Board issuing a Consent Order against Citigroup Inc. and the OCC ...

The bank was fined for violating the Federal Reserve's and OCC's 2020 consent orders against Citi ().The company failed to implement compensating controls to manage its ongoing risk, the Fed said.

Citigroup credited $81 trillion to a customer's account, instead of just $280, and took hours to reverse the transaction -- an embarrassing "near miss" for a bank that has struggled to fix ...

OCC and CFPB penalties. Citibank has been penalized by the OOC and the CFPB. In October 2020, the OOC assessed a penalty of $400 million against Citibank.

Citigroup repeatedly breached a U.S. Federal Reserve rule that limits intercompany transactions, leading to errors in its internal liquidity reporting, according to a Citi document from December ...