CEO of Citigroup Jane Fraser testifies throughout a listening to earlier than the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC.
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Citigroup wants to handle weaknesses in the way it manages data, based on a review of the most important banks’ so-called dwelling will plans, U.S. banking regulators stated Wednesday.
Citigroup was the one financial institution among the many eight establishments reviewed that was discovered to have a shortcoming in its plan, the Federal Reserve and the Federal Deposit Insurance Corporation stated in a launch.
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