In the letter, dated Oct. 2, Warren implored Hsu to follow the OCC's four-phase program to address repeat offenses by large banks, saying that so far, the regulator has taken the first two steps ...

The senator cited a four-step framework the OCC's Michael Hsu floated last year, with growth restriction as a follow-up to penalties. Citi’s July penalties merely repeat Step 2, the senator said.

In the letter, dated Oct. 2, Warren implored Hsu to follow the OCC's four-phase program to address repeat offenses by large banks, saying that so far, the regulator has taken the first two steps — ...

The Federal Reserve (Fed), Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued a joint statement on Monday aiming to guide banks seeking to ...

Senate Banking Committee Republicans said in a statement they hope Gould “return[s] the OCC to its true purpose of chartering ...

Jonathan Gould, a former chief legal officer at blockchain firm Bitfury, will lead the U.S. Office of the Comptroller of the ...

After the OCC announced a consent order against Bank of America (BAC) related to compliance with the Bank Secrecy Act, Citi says the firm does not view the announcement as a surprise, despite the ...

In July, the Fed and the OCC once again reprimanded and fined the bank. The OCC said Citi had “failed to make sufficient and sustainable progress” in complying with its consent order.

OCC announces the addition of the NYSE executive Mike West and former Citi executive Rachelle Keller to its Board of Directors. OCC Welcomes Two New Members to Board of Directors October 23, 2024 ...

FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. ... The data-governance work was related to a 2020 OCC consent order, ...