When Citigroup's press release hit the wire at 8:30 am last Thursday, it caught all of Wall Street off guard.
Instead, he chose to retire after it became clear regulators were losing patience with his inability to fix risk, compliance and technology systems, according to those familiar with the matter. "While we never comment on our discussions with regulators, we are completely committed to improving our risk and control environment," according to a Citi spokeswoman. "We appreciate the urgency of the tasks at hand."
Then $900 million mistakenly changed hands. The bank sent that amount – enough to pay off principal and interest owed – to a group of lenders to Revlon who were agitating to be paid. The lenders were locked in a legal standoff with the company when Citigroup sent its payment.Citi has quietly undergone a massive restructuring over the past year. Here are the businesses it overhauled and the executives who departed.
They said the same about MLK,slavery,segregation,share cropping ,under paid blacks ,systemic racism but praise white nationalists terrorists who walks the streets with guns.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »