The U.S. Federal Reserve has imposed a $ 60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $ 60.6 Million Fine from Federal Reserve for Risk Management Shortcomings In …
Citigroup has announced the creation and piloting of Citi Token Services for cash management and trade finance. “Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities,” the financial giant explained. Citi Launching New Token Services Citigroup Inc. (NYSE: C) announced on Monday […]