Citigroup’s (C.N), opens new tab addition of a new section concerning its multi-year reorganization to its quarterly report filed with the U.S. Securities and Exchange Commission in August, followed queries from the markets regulator.
The SEC’s letter to Citi, which was sent in June and disclosed on Wednesday, had asked the bank to revise future filings.
In July, U.S. bank regulators fined Citi $136 million for making “insufficient progress” fixing data management issues identified in 2020 and required the bank to demonstrate that it was making sufficient efforts.
Source: REUTER
