What We Learned About Citigroup's Regulatory Problems From Its CAO's First Public Appearance

Citigroup's (NYSE: C) new chief administrative officer, Karen Peetz, made her first public appearance earlier this month at Bank of America's Future of Financials Conference. Peetz joined Citigroup in June and is tasked with overseeing the bank's project management office and its regulatory engagement globally. She will likely play a big role in helping Citi correct some of its regulatory woes with internal controls that recently led regulators to issue multiple consent orders.

While there is still little detail about how much the corrective actions will cost or how long the process will take, I think some of Peetz's comments are worth a second look.

Image source: Citigroup.

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Source Fool.com