'Citigroup Facing New Regulatory Knock on Its Living Will' - WSJ
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Citigroup is facing new regulatory scrutiny from the FDIC regarding its 2021 resolution plan, also known as its 'living will.' The FDIC is expected to vote on Thursday to escalate concerns over the plan.
June 17, 2024 | 6:54 pm
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Citigroup is facing increased regulatory scrutiny from the FDIC regarding its 2021 resolution plan. The FDIC is expected to vote on Thursday to escalate concerns over the plan.
The FDIC's decision to escalate concerns over Citigroup's 2021 resolution plan could lead to increased regulatory pressure and potential operational changes for the bank. This is likely to have a negative short-term impact on Citigroup's stock price as investors react to the heightened regulatory scrutiny.
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