Senator Warren Criticizes Citibank’s Continued Failures – Suggests Citi Breakup

Senator Elizabeth Warren called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to fix Citibank’s persistent operational failures. Warren said Citibank may be “too big to handle,” citing years of regulatory missteps and mismanaged reforms despite ongoing sanctions. The letter suggests that breaking (…)