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Citi hit by new Fed rebuke, setbacks on consent orders

By Inquirer - 9 months ago
NEW YORK   -U.S. regulators have asked Citigroup for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a plan to improve internal oversight to be lacking, developments that could hinder CEO Jane Fraser’s plans to revive the bank’s fortunes. Late last year, the Federal

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