#Citigroup fined $400 million over ‘longstanding’ failures
“#Citigroup fined $400 million over ‘longstanding’ failures” The feds slapped Citigroup with a $400 million fine after finding “serious and longstanding deficiencies” in the megabank’s internal practices. Regulators on Wednesday ordered Citi to fix its faulty risk management systems, data governance and internal controls in addition to the hefty penalty based on its “unsafe or…