Citigroup Faces Additional Fine of $135.6 Million with CEO Jane Fraser's Reform Efforts
Wednesday, 10 July 2024, 23:12
Citigroup's Financial Repercussions
The recent $135.6 million fine adds to the $400 million penalty paid in 2020.
Jane Fraser took over as CEO in 2021, amidst ongoing regulatory challenges.
CEO's Pledge for Change
- Fraser works to improve Citigroup's financial practices.
- Regulatory fines highlight the bank's need for reform.
The hefty fines underscore the changes Fraser is implementing to enhance the bank's compliance and overall performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.