For Immediate Release Citigroup Inc. (NYSE: C)
Citi Statement on OCC Removal of Amendment to Consent Order
HIGHLIGHTS
- The OCC removed the July 2024 amendment to the 2020 Consent Order which required Citi to submit a Resource Review process to the OCC
- Citi has made Transformation its number one priority and is dedicating the resources necessary to modernize its systems and strengthen its risk and control environment
- Most Citi Transformation programs are at or nearly at target-state
NEW YORK – Citi today provided the following statement on the Office of the Comptroller of the Currency’s (OCC) removal of the July 2024 amendment to the 2020 Consent Order which required the submission of a Resource Review process to the OCC.
"Our Transformation has been our number one priority, and we are dedicating the resources necessary to modernize our systems and strengthen our risk and control environment. Most of our programs are at or nearly at target-state, and we are seeing the benefits of improved, standardized, automated and digitized controls.”
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
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Danielle Romero-Apsilos danielle.romeroapsilos@citi.com
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