Fed Penalizes Citigroup $136M For Data Management Failures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2024
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Source: Benzinga
- Citigroup Fined for Compliance Failures: Citigroup Inc. has been fined $135.6 million by U.S. regulators for failing to comply with a 2020 enforcement action, focusing on data quality management and risk controls.
- Regulatory Scrutiny and CEO's Response: The penalties are part of ongoing efforts by CEO Jane Fraser to address regulatory issues at Citigroup, emphasizing the need for improvements in risk management and data quality practices despite progress made.
Analyst Views on DIVZ
Wall Street analysts forecast DIVZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DIVZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 37.330
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Current: 37.330
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
