Citigroup fined by U.S. regulators for ‘longstanding deficiencies’ By Reuters

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WASHINGTON (Reuters) – A pair of U.S. bank regulators ordered Citigroup Inc (NYSE:) to clean up “several longstanding deficiencies” in a new enforcement order against the bank.

The order, from the Federal Reserve and Office of the Comptroller of the Currency, say the bank must overhaul its firm-wide risk management and internal controls, adding the firm has not taken effective actions to identify issues previously raised by regulators.

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