Federal Reserve Board ends enforcement action with Citigroup

(Reuters) – The Federal Reserve Board on Thursday terminated the enforcement action with Citigroup, sending the shares of the lender up 2/1% in morning trading.

“Citigroup has adopted a firm-wide risk management, compliance and audit program designed to identify and manage risks across the consolidated organization,” the board said.

(Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Arun Koyyur)