- The problems with Citi group's so-called living will , which details how it would be unwound in the event of bankruptcy, are manageable but could be bothersome for its executives, according to J.P.Morgan.
"It adds to the list of issues that management needs to focus on," the brokerage said, noting reports about the setbacks Citi is facing over its consent orders and a recent lawsuit by a former managing director who says she was fired for opposing what she said were attempts to give regulators false information.Citi has said the lawsuit is "without merit" and vowed to "vigorously defend against it".
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Ukraine destroyed columns of waiting Russian troops as soon as it was allowed to strike across the border, commander says
Source: Insurance Report (insurancereport.net)
Living Will Federal Deposit Insurance Corp Citigroup
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