Federal Reserve Board ends currency trading-tied enforcement action on Citigroup
© Reuters. FILE PHOTO: The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren/File Photo -The Federal Reserve Board on Thursday ended the enforcement action on Citigroup from 20 15 that required the lender to revamp its risk management practices, sending the shares of the lender up 2.1% in morning trading.
The lender had pleaded guilty to violation of U.S. antitrust laws over manipulation of foreign exchange rates. "Citigroup has adopted a firm-wide risk management, compliance and audit program designed to identify and manage risks across the consolidated organization," the board said.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Slide to Win The New Monopoly Knockout EditionSlide tokens down a 3-foot long board to win the new Monopoly Knockout board game.
Read more »
Top Citigroup industrials banker to join Jefferies -sourcesTop Citigroup industrials banker to join Jefferies -sources
Read more »
Anthony Fauci to receive 2024 Inamori ethics prize from Case Western Reserve UniversityThe Inamori Ethics Prize has been awarded to leaders whose actions and influence have greatly improved the condition of humankind since 2008.
Read more »
Seahawks designate Kenny McIntosh to return from injured reserveRookie running back Kenny McIntosh could look to make his debut soon!
Read more »
Packers secondary suffers setbacks with Eric Stokes, Darnell Savage going on injured reserveGreen Bay Packers cornerback Eric Stokes’ comeback from a foot issue that sidelined him for nearly a year lasted only four plays before he got knocked out for multiple weeks again. Stokes went back on injured reserve Wednesday after hurting his left hamstring three days earlier in a 19-17 loss at Denver.
Read more »