Reuters: US Senator Warren asks regulator to impose growth curbs on Citi

A prominent Democratic U.S. senator called on a top regulator on Wednesday to impose growth restrictions on Citigroup (C.N), opens new tab as the Wall Street bank struggles to fix ongoing regulatory problems.

In a letter to Acting Comptroller of the Currency Michael Hsu, Senator Elizabeth Warren said that Citi's years-long struggle to fix data, controls and other management problems show it has become "too big to manage" and should be curtailed.

A prominent bank critic who has previously taken aim at Wells Fargo (WFC.N), opens new tab, JPMorgan (JPM.N), opens new tab and others, Warren cannot force Hsu to take action but her letter can still put pressure on him to be tough on Citi, and draws more attention to the bank's problems.

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