Bank of America OCC consent order not a surprise, says Citi TheFly A+ A- 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 stock slightly ...
OCC Issues $400 Million Civil Penalty in Consent Order with Citibank Over Risk and Data Governance On October 7, 2020, The Office of the Comptroller of the Currency (“OCC”) announced that it had assessed a $400 million civil penalty against Citibank, N.A. regarding alleged deficiencies ...