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NEWS: Regulators frustrated with Citigroup progress as officials probe bank’s plans to bulk up risk management system

By Elizabeth Hearst for AMLi

US Regulators are believed to be frustrated with the progress made by global banking giant, Citigroup, in the two years after it was reprimanded for below-par risk management systems. 

Officials from the Federal Reserve have reportedly questioned Citigroup’s CEO Jane Fraser, about the lender’s plans to bulk up its risk-management system, reports the Wall Street Journal. 

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