ADADIf Citi’s key financial figures can be repeatedly off the mark, what else might they be getting wrong? The securities unit is one of Europe’s biggest investment banks on a standalone basis. At the root of the mistakes were loose controls which failed to meet the bank’s requirements, even though internal red flags were raised. But the cascade of errors under seemingly careless management points to a cavalier attitude in global finance that hasn’t been fixed entirely. She is a former managing editor for European finance at Bloomberg News.

Source: Washington Post November 27, 2019 08:26 UTC