1. Citigroup Hit With $400 Million Fine Over AML Failures That Led To Mike Corbat's Downfall

    Citigroup Hit With $400 Million Fine Over AML Failures That Led To Mike Corbat's Downfall

    After Citi announced that Corbat would be replaced by Jane Fraser, who will soon become the first CEO of an American megabank, it was revealed that the Office of the Comptroller of the Currency was preparing to fine Citigroup for compliance failures that had apparently become part and parcel of Corbat's executive blindness - an issue he had neglected, that ultimately lead to his downfall - or at least that's what ...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. We appreciate the urgency of the tasks at hand and we are committed to fulfilling our obligations to all of our stakeholders.
  3. Topics Mentioned