The Securities and Exchange Commission (SEC) asked Citi to give the regulator “enhanced” disclosures relating to its exposure to Russia, the Financial Times and Reuters reported Friday.
Citi was not the only institution to receive such a request, in a May letter published online Friday. But evidence surfaced that the bank and SEC have corresponded on the matter. And Citi stands as the U.S. bank with the most substantial exposure to the country, which invaded Ukraine in late February.
