Citi CFO Says Bank Is Making Good Progress On Consent Order, But Wants To Move Faster; Need To Address Resolution And Recovery Processes In Place
Portfolio Pulse from Benzinga Newsdesk
Citi's CFO announced that the bank is making good progress on its consent order but aims to accelerate the process. The bank needs to address its resolution and recovery processes.
June 18, 2024 | 4:54 pm
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Citi's CFO announced progress on the consent order but emphasized the need to accelerate efforts and address resolution and recovery processes.
The announcement of progress on the consent order is positive news for Citi, indicating that the bank is addressing regulatory concerns. However, the need to accelerate efforts and address resolution and recovery processes suggests ongoing challenges. Overall, this news is likely to have a positive short-term impact on Citi's stock price as it shows commitment to regulatory compliance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100