Wednesday - October 23, 2024
Warren Urges Banking Regulator to Address Citibank's Failures, Consider Breaking Up the Bank
October 03, 2024
WASHINGTON, Oct. 3 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:

Boston, MA U.S. Senator Elizabeth Warren wrote to Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC), urging stronger regulation of Citibank (Citi), which has become "too-big-to-manage" and committed a number of massive blunders in recent years.

Citi, the fourth largest bank in the United States, has failed to reform and moderniz . . .

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