Sen. Warren wants growth limits on Citi
U.S. Senator Urges OCC to Impose Growth Limitations on Citigroup
Citigroup Inc. C continues to struggle with fixing its regulatory problems. United States Senator, Elizabeth Warren, urged the Office of the Comptroller of the Currency (“OCC”) to impose growth limitations on the company.
Warren urges OCC to cap Citigroup's growth
In a letter to Acting Comptroller Michael Hsu, Democratic Sen. Elizabeth Warren urged the regulator to curtail the megabank's growth in response to its failure to improve its risk management programs.
US Senator Warren asks regulator to impose growth curbs on Citi
A prominent Democratic U.S. senator called on a top regulator on Wednesday to impose growth restrictions on Citigroup as the Wall Street bank struggles to fix ongoing regulatory problems. In a letter to Acting Comptroller of the Currency Michael Hsu,
Sen. Warren wants growth limits on Citi, according to letter to OCC (updated)
In a letter to Acting Comptroller of the Currency Michael Hsu, Warren contended that Citi's ( C) struggles to fix a string of regulatory issues focusing on data, controls and other problems demonstrate that the bank has become "too big to manage." Reuters had reported on the letter earlier on Thursday.
US senator Warren urges regulator to cap Citi’s growth; Swift to pilot live digital currency transactions in 2025
US Democratic senator Elizabeth Warren has called on Acting Comptroller of the Currency, Michael Hsu, to impose growth restrictions on Citigroup due to the bank’s ongoing regulatory issues.
Elizabeth Warren says Citi has become 'too big to manage'
Massachusetts Sen. Elizabeth Warren is warning regulators that Citigroup (C) has become “too big to manage” and that federal ...
How GM CEO Mary Barra is tackling her second major transformation
Good morning, Broadsheet readers! Melania Trump says she supports abortion rights, Sen. Elizabeth Warren eyes Citigroup, and ...
Business Insider India5y
Elizabeth Warren's Crusade Against A Wall Streeter Joining The Treasury Is Going Bipartisan
It seems Republican Chuck Grassley (R-IA) may be joining Elizabeth Warren (D-MA ... Enough is enough with Citigroup passing 11th hour deregulatory provisions that nobody takes ownership over ...
BBC3y
US banks accused of failing the public during Covid
The bosses of JP Morgan, Bank of America, Citigroup, Wells Fargo and Goldman ... Democratic Senator Elizabeth Warren also criticised the bankers for charging customers overdraft fees, even as ...
This Week In Credit Card News: Hurricane Aftermath Causes Payment Problems In Affected Areas
After Hurricane Helene devastated much of the southeastern U.S., survivors of the wreckage wrought by the storm are grappling ...
Financials Down Ahead of Jobs Data -- Financials Roundup
Shares of banks and other financial institutions fell ahead of jobs data. Citigroup's turnaround plan may be in jeopardy, analysts warned, because it's back in the crosshairs of Sen. Elizabeth Warren, ...
Fed's Barr Unveils Sweeping Bank Capital Plan Changes After Pushback, Delays
In a speech, Fed Vice Chair for Supervision Michael Barr is expected to announce that regulators will reissue a watered-down ...