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C Mar 2025 60.000 call
- Reuters
Ex-Citi banker says she was fired for refusing to give false data to regulator
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.
- Fortune
Trader’s ‘fat finger’ costs Citi $79 million after U.K. fines bank over mistake that triggered 2022 market spasm
The erroneous trade prompted 711 pop-up warning messages in a single alert before it sparked a European selloff.
- The Telegraph
Citi fined £62m after ‘fat finger’ trade triggered £1.1bn share sale
Citi has been fined £62m by UK regulators after a “fat finger” trade triggered a flash crash on the European stock market.
