On Wednesday, US regulators announced $400 million in fines against Citigroup for "related to deficiencies in enterprise-wide risk management, compliance risk management, data governance, and internal controls."
Business Insider has previously reported on issues regulators had with Citi's inability to fix risk, compliance, and tech systems. The third-biggest US bank by assets shocked Wall Street in September when it announced Michael Corbat, Citi's chief executive, would be retiring in February.
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