Reported 11 months ago
J.P.Morgan states that the issues with Citigroup's 'living will' are manageable but could be a distraction for its executives. Citigroup was among the banks criticized by U.S. regulators for deficiencies in their living wills, particularly related to derivatives portfolios. J.P.Morgan expects this to increase legal, consulting, and management workload but believes it can be managed, emphasizing the additional challenges for Citigroup amidst ongoing concerns about consent orders, lawsuits, and data management.
Source: YAHOO