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US Fed terminates Citi notices that demanded bank improve risk controls: Report

Summary by Reuters
The U.S. Federal Reserve has told Citigroup it has closed formal notices requiring the bank to fix trading risk management weaknesses, according to people with knowledge of the matter, a significant step in improving oversight and control deficiencies that have bogged down the third-largest U.S. bank.

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Live Mint broke the news in New Delhi, India on Wednesday, December 17, 2025.
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