Exclusive-Citi breached a rule meant to keep banks safe, made liquidity reporting errors

Quick Summary:

Federal Reserve rule that limits intercompany transactions, leading to errors in its internal liquidity reporting, according to a Citi document from December seen by Reuters.

NEW YORK : Citigroup repeatedly breached a U.S.

Reuters is reporting the infractions for the first time.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanada

Topics: Transactions Risk Regulation According Reporting Citi Document Reuters Regulators Bank Compliance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 18:03:22 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 855 words

Reading Time: 5 minutes read

Sentences: 42 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21871094

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 73 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #27

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