econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result
Home Business

SEC Pushes Citigroup For More Disclosure On Ukraine War Impact

admin by admin
7월 8, 2022
in Business, Econ Intersect News
0
SEC Pushes Citigroup For More Disclosure On Ukraine War Impact
0
SHARES
0
VIEWS

Citigroup is once again in the radar of regulators. The United States Securities and Exchange Commission (SEC) has now sought wider disclosure from Citigroup Inc concerning the hit it expects to take from the Russia-Ukraine conflict. The bank confirmed this matter in a July 8 regulatory filing.

SEC Pushes Citigroup For More Disclosure On Ukraine War Impact

In a letter dated May 2 and addressed to Citi Chief Executive Officer Jane Fraser, the watchdog’s Division of Corporate Finance has also requested Citigroup to reveal risks from sanctions on Russia and possible roadblocks to the sale of the lander’s assets in the nation, the filing stated.

The contents of that letter were in line with the guidance posted on the SEC’s website in May 2022, when the regulator told firms that they might need to reveal the impact Russia’s invasion of Ukraine was having on their businesses.

Buy Crypto Now

In May 2022, a week after the letter was sent to Fraser, Citigroup announced that its Russian consumer banking franchise that has been put up for sale posted Q1 revenue of $32 million, down around 6% from a year earlier.

It also stated that the Russian consumer business was greatly affected by sanctions, the bank’s decision not to open any new accounts and a drop in investment sales.

Tags: businessCitigroupinvestmentRussiaSECUkraineUS Securities and Exchange Commission (SEC)War
Previous Post

Bitcoin Rides Stock Rally, Reaches Highest Level In Over A Week

Next Post

Bank Of England Pledges To Take Inflation Back To 2%

Related Posts

SEC Accepts BlackRock’s Spot Bitcoin ETF Application
Business

SEC Accepts BlackRock’s Spot Bitcoin ETF Application

by admin
US Senate Finance Committee Asks Crypto Community How To Tax It In Open Letter
Business

US Senate Finance Committee Asks Crypto Community How To Tax It In Open Letter

by admin
Arkham Intel Firmly Denies Affiliation With US Government Amid Criticism Over Privacy
Business

Arkham Intel Firmly Denies Affiliation With US Government Amid Criticism Over Privacy

by admin
What Does Persistent Inflation Mean For Bitcoin?
Business

What Does Persistent Inflation Mean For Bitcoin?

by admin
When Will Crypto Go Mainstream?
Business

When Will Crypto Go Mainstream?

by admin
Next Post
Bank Of England Answers Professionals’ Questions About Imminent CBDC Wallet

Bank Of England Pledges To Take Inflation Back To 2%

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect