Citigroup and Citibank assessed $135.6M in civil money penalties for regulatory compliance failures

CITIGROUP INC

Federal Reserve fines Citigroup $60.6M for inadequate progress on data quality and risk management remediation from 2020 order.
OCC fines Citibank $75M for failure to make sufficient and sustainable progress under 2020 consent order.
OCC amendment requires Citibank to submit a Resource Review Plan within 30 days; restricts capital distributions until remediation is adequately resourced.
Combined penalties total $135.6M; both Citigroup and Citibank consented without admitting or denying findings.

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