dChan - Q Origins Project Archive

Anonymous ID: 89a817 July 10, 2024, 5:05 p.m. No.21175713 🗄️.is 🔗kun >>5916

Regulators say Citigroup still doesn’t totally have its house in order

(Remember these are ALL SROs-Self Regulating Organizations-so for the regulators to ‘get involved’ and this will n public there is something very wrong….Goldman failed the stress tests-it has the top spot in derivatives with $55.68T “backed” by only by $549.18B in assets- nuffin habbened to them essentially they have the largest shit pile of OTC derivatives backed by the least amount of assets-see cap 2 and Shitibank is #4 w/$49.86T “backed” by $1.69T in reported assets and is still effectively a $6.62 stock since it had a reverse spilt after the 2008 coup event (in March 2011) as big ‘tutes cannot hold a stock under $5 ftmp so out came the accounting trick so they could buy it-Dopey and Kingdom Holdings is the second largest holder of this massive tub of shit)

Bank hit with $135.6 million in penalties stemming from 2020 order. CEO admits ‘there are areas where we have not made progress quickly enough. Government regulators on Wednesday hit Citigroup Inc. with $135.6 million in fines, saying the bank had run afoul of a 2020 order telling the company to tighten up its standards for managing risk and data quality. The penalties were issued by the Federal Reserve board and the Office of the Comptroller of the Currency. They arrived as Chief Executive Jane Fraser tries to simplify operations at the bank, pulling back on business abroad and laying off staff. Fraser, while pointing to the bank’s progress on compliance, acknowledged it had still had more work to do.

The Fed fined Citigroup $60.6 million. The OCC issued a fine of $75 million. Shares of Citigroup C, +0.65% were down 1.3% after hours. However, the stock is still up 30.2% so far this year. The actions also came ahead of Citigroup’s second-quarter earnings and conference call on Friday, when the issue could be a bigger topic of discussion. “Citigroup has made insufficient progress remediating its problems with data-quality management and failed to implement compensating controls to manage its ongoing risk,” the Fed said in a statement on Wednesday. “The board continues to monitor Citigroup’s actions to comply with the 2020 action, which remains in effect.”

https://www.marketwatch.com/story/regulators-say-citigroup-still-doesnt-totally-have-its-house-in-order-c58ab2fb

Citigroup Announces Reverse Stock Split

Intends to Reinstate Common Stock Dividend of $0.01 per Share

https://www.sec.gov/Archives/edgar/data/831001/000114420411016019/v215370_ex99-1.htm

Notional Amounts of Derivative Contracts-page 19

https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2024.pdf

See page 45 for the top 4 holding the bulk (about 86%) of all derivatives products and in orange on cap#3