HALISTER: Citigroup Says It Received Five-Year Volcker-Rule Extension

Citigroup Says It Received Five-Year Volcker-Rule Extension

(Bloomberg) -- Extension was granted on April 21, Citigroup says Monday in 10-Q filing
  • Firm can hold investments until the earlier of five years or the date they mature or become compliant
  • Company says it has $416 million in funds at net asset value, “some” of which are subject to Volcker limitations
  • Federal Reserve said in December it will grant such extensions, and it was widely anticipated firms would apply
  • NOTE: Banks Get Five Years to Meet Volcker Demand to Divest Funds

Alert: HALISTER
Source: BFW (Bloomberg First Word)

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C US (Citigroup Inc)

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