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Citi poised to get lower grade for its living will from the FDIC

Image of Citibank signage out on the street in NYC.
Photo: Getty Images

Julie DiMauro

2 min read
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The FDIC board plans to vote to downgrade its rating on Citigroup’s resolution plan because of data-management systems issues.

The Federal Deposit Insurance Corporation’s (FDIC’s) five-member board plans to vote on Thursday to downgrade its rating on Citigroup’s data-management systems to a “deficiency” from a “shortcoming,” according to a government official familiar with the matter who spoke to the WSJ.

The US Federal Reserve and the FDIC in 2022

Escalating

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