In 2020, the regulators imposed a $400 million fine on the bank after identifying "ongoing deficiencies" in Citigroup's risk management and internal controls, including data quality management.

Donald Trump's presidential victory and his promise of light regulation could help relieve one of Citi's biggest problems. Trump's reelection on Wednesday already boosted the bank's stock by 8.4%.

New York press reports quoting financial sources said that Citigroup was talking to US officials about how the government should shed its 7.7 billion shares in the bank.

A federal judge on Tuesday rejected Citigroup's bid to dismiss a lawsuit by New York Attorney General Letitia James claiming it failed to protect customers from online scammers and refused to ...