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Comptroller of the Currency Consent Order Aa Ec 11 18 in the Matter of Us Bank National Association Form

Comptroller of the Currency Consent Order Aa Ec 11 18 in the Matter of Us Bank National Association Form

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[Music] hello everyone um this is uh aim ahmed from kids consulting and uh today we will be uh discussing uh the consent order that would was issued by the treasury office of the controller of the currency the occ to a city group that back in october 2020. the federal banking regulators fine citigroup inc 400 million dollars and ordered one of the largest banking in the us to fix its management system citing a significant ongoing deficiencies so in this video we will go through uh the details of this consent order just to make sure uh we bring some understanding uh to this uh consent order and also we'll draw some uh we'll discuss some implication and we'll draw some conclusions uh around this as well as we will discuss what will probably might happen uh how how really can a major bank like that at least take some steps to to fix it uh the the focus here would be uh the amount is is significant and then the other thing is the comments itself which is a significa

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