Markets

Citigroup slammed with record $57 million fine for inaccurate reporting

Citigroup Inc. has been fined $US57 million, or 44 million pounds, by the Bank of England’s Prudential Regulation Authority. The fine is for inaccurate regulatory reporting about the bank’s capital and liquidity levels between June 2014 and December 2018, the PRA said. “Citi has fully remediated the past regulatory reporting […]
Citigroup slammed with record $57 million fine for inaccurate reporting
Markets

Citigroup slammed with record $57 million fine for inaccurate reporting

Citigroup Inc. has been fined $US57 million, or 44 million pounds, by the Bank of England’s Prudential Regulation Authority. The fine is for inaccurate regulatory reporting about the bank’s capital and liquidity levels between June 2014 and December 2018, the PRA said. “Citi has fully remediated the past regulatory reporting […]
Citigroup slammed with record $57 million fine for inaccurate reporting