Nearly $136 million in penalties were imposed on Citigroup Inc. and its national bank subsidiary Citibank by the Office of the Comptroller of the Currency and the Federal Reserve on Wednesday. This was due to their failure to meet the risk management remediation milestones outlined in 2020 consent orders with the regulators. For more details, you can read the full article:
https://www.law360.com/articles/1856980/citi-fined-136m-as-occ-fed-cite-slow-remedial-progress