The Federal Reserve and FDIC issued a joint announcement on May 22, 2026. Regulators found no shortcomings in the 2025 resolution plans for the eight largest U.S. banks.
Citigroup successfully addressed critical derivatives-related weaknesses identified in its 2023 living will. This regulatory clearance represents a significant milestone for CEO Jane Fraser’s ongoing restructuring of the company.
The FDIC previously deemed Citigroup’s 2024 plan as lacking credibility due to forecasting and data reliability issues. Citigroup shares closed at $125.09 on May 22. The stock price declined 0.10% amid broader market consolidation.