Citigroup Faces Additional Fine of $135.6 Million with CEO Jane Fraser's Reform Efforts

Wednesday, 10 July 2024, 23:12

Citigroup, under the leadership of CEO Jane Fraser, has incurred another hefty $135.6 million fine, adding to the previous $400 million penalty paid in 2020. This ongoing financial scrutiny highlights Fraser's commitment to reforming the bank's operations and upholding transparency and compliance standards, despite the substantial financial impact on the institution.
Fortune
Citigroup Faces Additional Fine of $135.6 Million with CEO Jane Fraser's Reform Efforts

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.


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