格隆汇12月19日｜知情人士透露，美联储已解除对花旗集团发出的监管通知，结束要求该行纠正交易风 险管理弱点的程序。 美联储于2023年底向花旗发出多项正式通知，要求其处理三项被称为"须立即关注 事项"的问题，包括计算及管理交易对手风险，以及为潜在交易损失预留资本方面的不足。据悉，美联 储现已终止上述监管通知，意味相关纠正要求已获满足。 来源：格隆汇APP ...

Core Viewpoint - The Office of the Comptroller of the Currency (OCC) has terminated a July 2024 amendment to a consent order from October 2020 regarding Citi's risk management deficiencies, indicating that the bank has made sufficient progress in compliance [1][3]. Group 1: Regulatory Actions - The OCC's amendment required Citi to implement a quarterly process to allocate resources for meeting milestones in the 2020 consent order [2]. - The OCC stated that the bank had previously failed to make "sufficient and sustainable progress" toward compliance with the consent order [2]. - The termination of the amendment suggests that the OCC believes Citi's safety, soundness, and compliance with laws no longer necessitate the amendment's existence [3]. Group 2: Citi's Response and Progress - Citi has prioritized its transformation efforts, dedicating resources to modernize systems and strengthen its risk and control environment [3]. - The bank reported that most of its programs are at or nearly at target state, leading to benefits from improved, standardized, automated, and digitized controls [3]. - In response to the October 2020 consent order, Citi expressed disappointment in falling short of regulatory expectations and committed to addressing identified issues [5]. Group 3: Historical Context - The October 2020 consent order criticized Citi for failures in data management, regulatory reporting, and capital planning, highlighting significant ongoing deficiencies in its risk management systems [4]. - In July 2024, Citi was fined $136 million for not making sufficient progress in addressing data management issues identified in 2020 [5]. - A major organizational restructuring was initiated by Citi in September 2023, with the CEO emphasizing the bank's potential for improvement [6].

An amendment to a Citigroup regulatory penalty was removed in a sign the bank is closer to completing its longstanding tasks to improve risk and compliance https://t.co/0Prm1NpAkv ...

Citigroup took another step toward fixing its longstanding compliance problems, announcing on Thursday that a U.S. bank regulator had removed part of a sweeping punishment requiring the bank to tackle... ...

Key Takeaways C beat Mag-7 stocks in 2025 as rate cuts, revived deal activity and solid spending drove a sharp rally. C is streamlining operations, exiting multiple consumer markets and cutting jobs to boost efficiency.C expects 4-5% revenue CAGR through 2026 and targets $2-2.5B in annualized savings from AI efforts.Shares of Citigroup, Inc. (C) have significantly outshone the Mag-7 tech giants in 2025, with shares surging 62.9%. Investor confidence is reinforced by tangible progress in the bank’s multi-yea ...

Core Insights - Citigroup, Inc. has entered a multi-year strategic partnership with London Stock Exchange Group to enhance its data, analytics, and workflow solutions at an enterprise scale [1][9] - The partnership aims to improve the quality and speed of client delivery while supporting Citigroup's modernization efforts [1] Data and Analytics Solutions - LSEG will provide AI-ready content, multi-asset class data, and workflow solutions covering various domains such as economic indicators, pricing, market information, and risk intelligence [2] - This curated intelligence will empower Citigroup teams with clearer insights and more informed client interactions [2] Operational Enhancements - The partnership grants Citigroup access to LSEG's end-to-end workflow solutions, which will support operations across markets, investment banking, wealth, trading, risk, finance, and compliance [3] - Integration of LSEG's risk intelligence will enhance Citigroup's compliance, KYC, and risk management frameworks [3][4] Strategic Focus - Citigroup is focused on streamlining processes and driving automation to reduce manual touchpoints, having previously signed agreements with Google Cloud and Palantir Technologies to enhance its operational efficiency [5] - These initiatives are expected to facilitate data-driven decision-making and operational efficiencies at scale [5] Industry Comparisons - Other firms like NatWest Group and UBS Group AG are also pursuing data and analytics transformations to enhance operational efficiency and client delivery, indicating a broader industry trend towards modernization [6][7] Performance Metrics - Over the past six months, Citigroup's shares have increased by 42.3%, outperforming the industry's growth of 22% [8]

来源：金融界AI电报 花旗：预计美联储将于2026年9月再降息25个基点；同时维持此前将在1月和3月各降息25个基点的预 测。 ...

Core Viewpoint - The Federal Reserve has informed Citigroup that it has terminated a formal notice requiring the bank to address deficiencies in its trading risk management, marking a significant step in resolving long-standing regulatory and control issues for the third-largest bank in the U.S. [1] Group 1: Regulatory Notifications and Issues - The Federal Reserve had previously issued a notice to Citigroup at the end of 2023, requiring the bank to address three "matters requiring immediate attention" (MRIA) related to the calculation and management of counterparty risk and capital reserves for potential losses [1][2] - One MRIA specifically required Citigroup to improve its data management and governance regarding capital reserves for counterparty credit risk, which is essential for determining the amount of capital needed to mitigate potential losses [2] - Other MRIA issues included the use of proxy indicators for calculating counterparty credit risk when data is unavailable and governance deficiencies related to unclear responsibility among various legal entities within the bank [2] Group 2: Historical Regulatory Challenges - Citigroup has been dealing with significant regulatory penalties over the years, including two penalties stemming from a $9 billion erroneous transfer to a creditor of Revlon in 2020, which necessitated improvements in the bank's control measures [3] - In 2024, the Federal Reserve and the Office of the Comptroller of the Currency imposed a fine of $136 million on Citigroup for failing to improve data governance and quality [4] - The bank's CFO recently stated that significant progress has been made in addressing these issues, aligning with earlier comments from the CEO regarding the transformation efforts [4]

Core Insights - The US Federal Reserve has lifted supervisory notices requiring Citigroup to address weaknesses in its trading risk management, indicating a significant reduction in regulatory pressure on the bank [1][4] - The termination of these notices suggests that regulators are satisfied with Citigroup's remediation efforts, even as broader supervision of large banks continues to evolve [2] Regulatory Actions - The Federal Reserve had previously issued three Matters Requiring Immediate Attention (MRIAs) to Citigroup, highlighting deficiencies in trading risk controls [3] - The closure of these MRIAs represents a tangible regulatory relief for Citigroup [4] Focus Areas of MRIAs - One MRIA focused on how Citigroup calculates and manages counterparty credit risk within its trading business, which is crucial for determining capital requirements [5] - Another notice addressed the use of proxies when direct counterparty data is unavailable, raising concerns about the application and governance of these substitutes [5] - The third MRIA highlighted governance weaknesses, including unclear accountability across different legal entities within the bank [6] Data Governance Issues - Citigroup has faced long-standing challenges with data consistency, stemming from multiple legacy systems that were not fully integrated after acquisitions [7] - Weak data governance has been identified as a core risk, contributing to reporting errors and regulatory criticism [7] - One terminated MRIA specifically required improvements in data quality and governance related to capital allocation for counterparty exposures [8] Changes in Fed Supervision - The decision to lift the notices aligns with a shift in the Federal Reserve's approach to bank supervision, led by Michelle Bowman [9] - A recent memo from a senior Fed supervisor instructed examiners to terminate MRIAs promptly once a bank's internal audit confirms remediation, provided the audit quality meets regulatory standards [10] Ongoing Regulatory Challenges - Despite the relief from trading risk notices, Citigroup remains subject to other regulatory actions due to past incidents, including a $900 million mistaken transfer in 2020 [11] - In 2024, Citigroup was fined $136 million for failures related to data governance and quality [12]

International News - The US stock market saw a decline on Wednesday, with the Dow Jones falling by 0.47%, the Nasdaq by 1.79%, and the S&P 500 by 1.14%. Notably, Tesla and Broadcom dropped over 4%, while Oracle fell more than 5% [1][12] - In after-hours trading, Micron Technology's stock increased by 9% [2][13] - The Nasdaq Golden Dragon China Index decreased by 0.76%, with several Chinese concept stocks like Shengfeng Logistics, Furlong Group, and Huya experiencing significant declines [3][14] - The cryptocurrency market exhibited notable volatility, with Bitcoin fluctuating between $89,000 and $90,000 before dropping below $86,000, resulting in a daily decline of 2.21%. Ethereum fell below $2,800, down 5.61% for the day [3][14] - In the commodities market, energy products showed significant gains, with Brent crude oil rising by 3% to $60.69 per barrel, and US natural gas futures increasing by over 4% to $3.387 per million British thermal units [3][14] - Precious metals saw gains, with New York gold futures surpassing $4,380 per ounce, up 1.10%, and silver futures exceeding $67 per ounce, up 5.82% [4][15] - The World Bureau of Metal Statistics reported a projected shortage of 0.14 million tons of refined copper by October 2025, while a cumulative surplus of 3.61 million tons was recorded from January to October [5][16] - The US Senate passed a $900.6 billion defense authorization bill for the fiscal year 2026, which will be sent to Trump for signing [5][16] - Trump is expected to sign an executive order to redefine cannabis laws and impose sanctions on Venezuela to regain oil extraction rights [5][16] - The US plans to revoke citizenship from more individuals, and legal expert Alan Dershowitz stated that the constitutionality of Trump's third term remains uncertain [6][17] - Russian President Putin indicated that Russia would pursue its goals in Ukraine through diplomatic or military means, asserting that the West is the instigator of the conflict [6][17] - The US and Russia are scheduled to hold talks regarding the Ukraine conflict in Miami this weekend, while the US has allowed certain transactions related to Russian civilian nuclear energy [7][18] - Google is collaborating with Meta to expand AI chip software support, aiming to run TPU on the PyTorch tool as a replacement for Nvidia's solution [7][18] - Novartis and Roche are nearing an agreement with the White House regarding drug pricing discussions [7][18] - The Federal Reserve issued a regulatory notice to Citigroup, requiring improvements in risk management [7][18] - The German Bundestag approved a €50 billion defense procurement plan, and US Treasury Secretary Yellen confirmed that Bridgewater founder Dalio has joined Trump's team [7][18] Domestic News - According to the People's Daily, from January to November, China's railways transported 4.28 billion passengers, setting a historical record for the same period. During the same time, express delivery volume increased by 14.9%, with business revenue rising by 7.1% [8][19] - In regional development, Fujian is implementing a new era of mountain-sea cooperation, while Xi'an in Shaanxi is driving high-quality development through technological innovation. The Hainan Free Trade Port has made progress, with customs clearance for goods entering and exiting "first" and "second" lines starting on December 18, along with the opening of eight foreign trade ports and ten "second" line ports [8][19] - SenseTime Group announced a placement of 1.75 billion Class B shares at a price of HKD 1.80 per share [9][20] - In the domestic commodities market, silver futures rose by 4%, currently priced at CNY 15,612.00 [10][20] - The Chinese Ministry of Foreign Affairs' special envoy for Asian affairs will visit Cambodia and Thailand on December 18 to mediate the border conflict between Cambodia and Thailand, with China expressing its intention to promote a resolution [11][20]