Senior leaders were paid just 68% of 2024’s target, the bank said in a proxy filing, citing slower progress on regulatory ...

In the third annual installment, the “Transformation Bonus Program” paid out 68% of the target for 2024 to about 250 senior employees, according to a proxy filing Tuesday. That compares with 94% for ...

To better understand AI's role in consent order compliance, we spoke with Anurag Mehtrora, Vice President and AML Finance Program/Project Manager at Citi Group. With over 15 years of experience in ...

as well as big fines and regulatory consent orders requiring Citi to fix the issues. Corbat's successor, Jane Fraser, has said improving risk and controls is a top priority. The bank was still fined ...

The Fed said that Citi has made “insufficient progress remediating its problems with data quality management and failed to implement compensating controls to manage its ongoing risk.” ...

Citigroup Inc. cut payouts to hundreds of top executives in the final round of a three-year special bonus program that tied their compensation to the bank’s progress on risk and regulatory ...

(Reuters) - Wells Fargo said on Monday the U.S. Office of the Comptroller of the Currency (OCC) has terminated a 2021 consent ...