Citigroup (C) Statement on 2021 Resolution Plan
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Citigroup (C) shares slide on resolution plan shortcomings
November 23, 2022 1:18 PM ESTCitigroup (NYSE: C) shares dipped Wednesday after agencies identified a shortcoming in its resolution plan.
The bank's shares are down more than 2%, trading around the $48.22 mark at the time of writing.
The Federal Reserve Board and Federal Deposit Insurance Corporation announced the results of their... More
Citigroup (C) falls to low after agencies identified a shortcoming in its resolution plan, shares down 2.4%
November 23, 2022 11:09 AM EST(Updated - November 23, 2022 11:12 AM EST)
Citigroup (NYSE: C) falls to low after agencies identified a shortcoming in its resolution plan, shares down 2.4%
... MoreFed, FDIC announce results of resolution plan review for largest and most complex domestic banks
November 23, 2022 10:43 AM ESTThe Federal Reserve Board and the Federal Deposit Insurance Corporation announced on Wednesday the results of their joint review of the resolution plansalso known as living willsthat the eight largest and most complex domestic banking organizations submitted in 2021. Resolution plans must describe a financial company's strategy for rapid and orderly resolution in bankruptcy in the event of its material financial distress or failure. The agencies identified a shortcoming in Citigroup Inc.'s... More
