---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-079001"
form_type: "8-K"
ticker: "C"
cik: "0000831001"
company_name: "CITIGROUP INC"
filed_at: "2024-07-10T23:59:59+00:00"
generated_at: "2026-05-31T22:24:16.365877+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-079001
- form_type: 8-K
- ticker: C
- cik: 0000831001
- company_name: CITIGROUP INC
- filed_at: 2024-07-10T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831001/000110465924079001/0001104659-24-079001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831001/000110465924079001/c-20240710x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-079001
- JSON: https://secwatch.observer/filing/0001104659-24-079001.json
- Plain text: https://secwatch.observer/filing/0001104659-24-079001.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.