Puerto Vallarta News

Puerto Vallarta News

Citi to shut Banamex USA, pay $140 million fine

Citigroup Inc said it would shut its Banamex USA operations and pay $140 million to regulators who alleged the bank did not correct weaknesses they had found in 2012 in its anti-money laundering programs. The fine, imposed by the Federal Deposit Insurance Corp, includes $40 milli…

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