Citigroup Board Sued Over 'Systemic' Oversight Issues

By Sarah Jarvis (August 3, 2022, 5:05 PM EDT) -- Citigroup Inc. leadership has been hit with a derivative lawsuit in a New York federal court with shareholders alleging it largely ignored deficiencies with the company's internal controls and risk management that had been flagged by various regulators over the years, resulting in billions of dollars in fines....

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