Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi

Publikováno: 5.10.2024

#Featured #Banking #break up #Citi #CitiBank #Elizabeth Warren #Enforcement #failures #living will #michael hsu #OCC #Oversight #penalties #Regulatory #Stress Test #too big to manage

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Senator Warren Slams Citibank's Ongoing Failures — Says 'It May Be Time to Break up Citi'

Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory missteps and mishandled reforms, despite ongoing penalties. The letter suggests that breaking up the […]