Marsh, the world’s leading insurance broker and risk advisor, together with leading global bank, Citi, today announced the placement of an innovative risk mitigation structure on behalf of Gavi, the Vaccine Alliance (Gavi), to cover the risk associated with a number of governments that are self-funding their coronavirus vaccine procurement through the COVAX Facility. The… Continue reading Marsh and Citi Develop Innovative Risk Structure to Help Gavi Speed Delivery of COVAX Vaccines to the World
Tag: Citi
Regulators Fine Citigroup $400 Million Over ‘Serious Ongoing Deficiencies’ in Risk Management
Federal banking regulators on Wednesday fined Citigroup Inc. $400 million and ordered the nation’s third-largest bank to fix its risk-management systems, citing “significant ongoing deficiencies.” In a consent order agreed to by the New York bank’s board, the Federal Reserve faulted Citigroup for falling short in “various areas of risk management and internal controls” including… Continue reading Regulators Fine Citigroup $400 Million Over ‘Serious Ongoing Deficiencies’ in Risk Management