> it caught the error in a routine internal review mandated under federal law
Ladies and gentlemen, this is what regulations are all about. If not for a federal law forcing Citi to audit for this sort of thing they would either never have caught that they stole hundreds of millions of dollars, or more likely just never have reported it to anyone.
The next time some politician tells you regulations are always bad, only lead to more expenses for customers, remember this.
Ladies and gentlemen, this is what regulations are all about. If not for a federal law forcing Citi to audit for this sort of thing they would either never have caught that they stole hundreds of millions of dollars, or more likely just never have reported it to anyone.
The next time some politician tells you regulations are always bad, only lead to more expenses for customers, remember this.