This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Auditors at Citi Never Sleep
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Markets > Auditors at Citi Never Sleep
Markets

Auditors at Citi Never Sleep

Editorial Board Published December 16, 2021
Share
Auditors at Citi Never Sleep
SHARE

Earlier this year Citi was fined for ‘longstanding internal problems.’

Photo: David Paul Morris/Bloomberg News

By

Spencer Jakab

Dec. 16, 2021 1:48 pm ET

Citigroup C 1.38% said Thursday that it had hired an additional 100 internal auditors.

“This is a very exciting time for Citi Internal Audit, which serves a vital role in ensuring safe and sound operations as we continue to meet the growing needs of our global business,” said Jessica Roos, the company’s chief auditor, in a press release.


Newsletter Sign-up

Heard Alert

The first word on what Wall Street is talking about.


While the job prospects for those new hires may never have been better, the celebratory tone is odd for a bank that really does seem to need those extra watchful eyes. Earlier this year Citi was fined for “longstanding internal problems.” Those include sending almost $1 billion to the wrong place and then having the recipients refuse to send most of it back. And then there was the use of its Mexican unit Banamex to launder illicit drug money a few years earlier. Citi paid $97.4 million to settle a criminal inquiry into the matter.

The announcement is like a meat processor hiring food inspectors after a deadly salmonella outbreak or an aircraft manufacturer scrambling to hire safety engineers after a couple of its planes have dropped out of the sky—wise, even commendable, but probably not something you want to describe as “exciting.” At least the bank had better hope it isn’t.

Write to Spencer Jakab at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appeared in the December 17, 2021, print edition as ‘OVERHEARD.’

Contents
Earlier this year Citi was fined for ‘longstanding internal problems.’Spencer JakabNewsletter Sign-upHeard Alert
TAGGED:MarketsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article The Risk for Markets Isn’t Higher Interest Rates The Risk for Markets Isn’t Higher Interest Rates
Next Article ClassicSavages on Ethereum Classic ClassicSavages on Ethereum Classic

Editor's Pick

Alyssa Farah Griffin: ‘The View’ Co-Host is Pregnant With Child #1!

Alyssa Farah Griffin: ‘The View’ Co-Host is Pregnant With Child #1!

Studying Time: 3 minutes The View co-host Alyssa Farah Griffin is pregnant! On ‘The View,’ Alyssa Farah Griffin breaks the…

By Editorial Board 3 Min Read
Man fatally shot throughout argument over lady at gathering at Tuscaloosa storage unit; suspect jailed
Man fatally shot throughout argument over lady at gathering at Tuscaloosa storage unit; suspect jailed

One individual was killed and a number of other others injured in…

2 Min Read
Amy Duggar Describes Studying Grandfather Was a ‘Predator’
Amy Duggar Describes Studying Grandfather Was a ‘Predator’

Studying Time: 4 minutes Amy Duggar King grew up figuring out and…

6 Min Read

Oponion

Apple’s Privacy Change Is Hitting Tech and E-Commerce Companies

Apple’s Privacy Change Is Hitting Tech and E-Commerce Companies

Loose-leaf tea seller Plum Deluxe used to gain a new…

October 22, 2021

HP Warns of Slowing Business Spending as PC Sales Sag

HP sales declined in the latest…

August 30, 2022

Your Hotel Concierge Is Probably a Texting Robot. Srsly.

Your next hotel’s concierge might not…

January 23, 2022

Sherwood police searching for lacking, endangered lady

SHERWOOD, Ark. — The Sherwood Police…

June 14, 2025

Letters: Barbara Lee isn’t the change Oakland wants

Lee isn’t the changethat Oakland wantsRe:…

January 22, 2025

You Might Also Like

Crypto massacre wipes out billions, however indicators of stabilization emerge
Markets

Crypto massacre wipes out billions, however indicators of stabilization emerge

Terry Duffy, CME Group chairman and CEO, weighs in because the cryptocurrency buying and selling platform Coinbase misplaced half its…

4 Min Read
Crypto dealer discovered useless in Lamborghini in Kyiv as market plunges
Markets

Crypto dealer discovered useless in Lamborghini in Kyiv as market plunges

Nexo co-founder and managing companion Antoni Trenchev discusses the cryptocurrency business on ‘Making Money with Charles Payne.’ This story discusses…

3 Min Read
Shares fall as US-China commerce struggle reignites after Trump threatens tariff hike
Markets

Shares fall as US-China commerce struggle reignites after Trump threatens tariff hike

Home Majority Chief Steve Scalise responds to Chuck Schumer’s shutdown feedback, JD Vance’s viral submit and the toll of the…

6 Min Read
Jamie Dimon warns of main market threat in subsequent few years
Markets

Jamie Dimon warns of main market threat in subsequent few years

CPA and market analyst Dan Geltrude joins ‘Mornings with Maria’ to interrupt down the record-setting rally fueled by synthetic intelligence,…

4 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?