Kathleen Martin said Chief Operating Officer Anand Selva “wanted to misreport Citi’s metrics to deceive” the Office of the Comptroller of the Currency into believing the bank was complying with its $400 million settlement agreement in 2020 addressing risk management shortfalls.
Martin’s amended complaint in Manhattan federal court repeated the claim that Selva was concerned that reporting accurate information would "make us look bad
Citigroup has until Aug. 8 to respond to the amended complaint. The bank had sought on June 27 to dismiss Martin’s original complaint, but federal law allowed her to amend it once.
The case is Martin v. Citibank NA et al, U.S. District Court, Southern District of New York, No. 24-03949.
Maybe…maybe…
Fired Citigroup banker says COO intended to deceive regulator on bank’s metrics
Citigroup has until Aug. 8 to respond to the amended complaint. The bank had sought on June 27 to dismiss Martin’s original complaint, but federal law allowed her to amend it once.
The case is Martin v. Citibank NA et al, U.S. District Court, Southern District of New York, No. 24-03949.