NEW YORK - Citi provided the following statement in response to today's announcement from the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation related to its 2025 resolution plan submission:
"Our Transformation has allowed us to rebuild Citi from the ground up and has been a core driver of addressing legacy issues identified by our regulators, as evidenced by the feedback on our 2025 Resolution Plan and closure of our 2023 Shortcoming."
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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