Citigroup Inc. (NYSE:C) reportedly alleges that a former managing director suing the company was fired for performance rather than for what she said were attempts by the bank to give regulators incorrect information.
On Thursday, Citigroup responded to a lawsuit filed in May by Kathleen Martin, a former managing director hired in 2021 to address data issues, reported Reuters.
Martin alleges that her supervisor, Chief Operating Officer Anand Selva, instructed her to conceal “critical information” about the bank’s data-governance metrics from the Office of the Comptroller of the Currency (OCC).
The lawsuit claims that Selva tried to hide information that could damage Citi’s reputation, leading to Martin’s firing in retaliation.
Martin was part of a team working to comply with 2020 OCC and Federal Reserve consent orders related to ...
