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Citigroup's Risk Management Improvements Lead to Consent Order Termination

12/19/2025

23 5 Full Breakdown

Summary

Story summary

The Office of the Comptroller of the Currency terminated an amendment to a consent order with Citigroup, signaling improved risk management compliance.
Citigroup previously faced regulatory scrutiny, including a $400 million fine in 2020 for deficiencies in risk management.
Citi Chief Financial Officer Mark Mason and Chief Executive Officer Jane Fraser said the bank has invested significantly in systems and controls as part of modernization.

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Story summary

The Office of the Comptroller of the Currency terminated an amendment to a consent order with Citigroup, signaling improved risk management compliance.
Citigroup previously faced regulatory scrutiny, including a $400 million fine in 2020 for deficiencies in risk management.
Citi Chief Financial Officer Mark Mason and Chief Executive Officer Jane Fraser said the bank has invested significantly in systems and controls as part of modernization.