OCC Lifts Oversight on Citigroup: Catalyst for Transformation Drive?

Key Takeaways Citigroup received regulatory relief as the OCC removed the July 2024 amendment to its 2020 consent order.The amendment was lifted as C's progress made the resource review unnecessary.C's transformation programs are now at or near target, allowing focus on controls and system upgrades.Citigroup, Inc. (C) has received notable regulatory relief after the Office of the Comptroller of the Currency (OCC) removed the July 2024 amendment to the bank’s 2020 consent order. This original consent order w ...