Citigroup Warns Some Employees In Memo About Misconduct By Staff And Contractors; Considering Bolstering Controls Over Contract Workers; Says It Has Zero Tolerance For Fraud, Unethical Behavior; Citi Declined To Comment On Memo About Contractors
Portfolio Pulse from Benzinga Newsdesk
Citigroup has issued a memo warning employees about misconduct by staff and contractors, emphasizing its zero tolerance for fraud and unethical behavior. The bank is considering strengthening controls over contract workers.
September 27, 2024 | 7:26 pm
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Citigroup is addressing misconduct issues among staff and contractors, highlighting its zero tolerance for unethical behavior. The bank is considering enhancing controls over contract workers.
The memo indicates Citigroup's proactive stance on misconduct, which may reassure investors about the bank's commitment to ethical practices. However, the lack of specific incidents or financial impact keeps the short-term stock impact neutral.
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