Citibank Learns Its Lesson...
Citigroup says it has learned the lessons of its involvement with $800 million of questionable funds spread across 136 accounts between 1991 and this year (see main story, this issue).
The bank says it has since strengthened its systems and tracking procedures, which it agrees were insufficient.Citigroup is confident it "would detect questionable activity and take action more promptly should a similar situation arise today," Citigroup lawyer Michael Ross said in a November 28 letter to the
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