Americans might notice markdowns for some everyday essentials during their weekly grocery runs. That doesn’t mean the battle against inflation is won.
A former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired for opposing what she said were attempts to give regulators false information. Kathleen Martin, a former managing director Citi hired in 2021 to help with data issues, said in a lawsuit filed in a New York district federal court that her supervisor COO Anand Selva wanted her to hide "critical information" from the Office of the Comptroller of the Currency (OCC) about the bank’s data governance metrics.
The erroneous trade prompted 711 pop-up warning messages in a single alert before it sparked a European selloff.