{
  "id": 14040088,
  "title": "Citi seeks rapid resolution of its US regulatory burdens",
  "url": "https://urgent.news/2026/10/12/citi-seeks-rapid-resolution-of-its-us-regulatory-burdens",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T20:24:27.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/citi-seeks-rapid-resolution-of-its-us-regulatory-burdens-4943742"
  },
  "original_language": "en",
  "account": "Citi is striving to swiftly resolve regulatory burdens that have hindered the third-largest US bank since 2020, in order to refocus on growth, according to sources familiar with the situation. These demands have resulted in costly fines and distractions for Citi. The bank aims to submit paperwork to regulators before year-end or by the first quarter, as it seeks a comprehensive audit from the Federal Reserve and Office of the Comptroller of the Currency to avoid any delays in approval. Once approval is granted, Citi plans to decommission part of its remediation structure, potentially lifting consent orders that cover issues related to risk management, data governance, and other concerns. Investors and analysts are eagerly awaiting the resolution, as it could free up resources, boost the stock, and serve as a significant achievement for CEO Jane Fraser, who believes the bank is 90% done with the required work. Citi has reportedly aimed to finalize the process by the end of 2026, although the bank never officially confirmed a timeline. The bank's transformation efforts have been significant, with spending $3.3 billion on remediation work last year. Despite these efforts, Citi's wealth division still lags behind in terms of return, at 12.6% in the first half of the year, with a long-term goal of 20%. Analysts suggest that expanding and acquiring wealth managers could help address this issue, though such moves are closely monitored by regulators. The bank's focus remains on organic growth, as CEO Fraser stated during an earnings call. As the Trump administration nears the midpoint of its term, Citi hopes to finalize the consent orders in this administration to avoid potential changes in regulations under a future Democratic administration.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}