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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here