Sen. Warren wants growth limits on Citi
Citi’s Turnaround Plan Is Stained by Warren’s Call for Growth Limits
The Massachusetts Democrat called on a top government regulator to restrict the growth of the nation’s fourth-largest bank.
US Senator Warren asks regulator to impose growth curbs on Citi
A prominent Democratic U.S. senator called on a top regulator on Wednesday to impose growth restrictions on Citigroup as the Wall Street bank struggles to fix ongoing regulatory problems. In a letter to Acting Comptroller of the Currency Michael Hsu,
OCC should restrict Citi’s growth, Warren says
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.
U.S. Senator Urges OCC to Impose Growth Limitations on Citigroup
Citigroup Inc. C continues to struggle with fixing its regulatory problems. United States Senator, Elizabeth Warren, urged the Office of the Comptroller of the Currency (“OCC”) to impose growth limitations on the company.
Warren urges OCC to cap Citigroup's growth
In a letter to Acting Comptroller Michael Hsu, Democratic Sen. Elizabeth Warren urged the regulator to curtail the megabank's growth in response to its failure to improve its risk management programs.
Sen. Warren wants growth limits on Citi, according to letter to OCC (updated)
ET: Updates with statement from Sen. Warren and stock movement. Sen. Elizabeth Warren (D-MA), who has been a long-time critic of Wall Street banks, asked one of Citigroup's (NYSE:C) regulators to limit the company's growth as it deals with numerous regulatory problems.
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