Citigroup asked by SEC to ‘enhance’ disclosures on Russia

July 8 (Reuters) – The U.S. Securities and Exchange Commission (SEC) has sought wider disclosures from Citigroup Inc (C.N) related to the hit it expects to take from the Russia-Ukraine conflict, the bank said in a regulatory filing on Friday.In a letter dated May 2 and addressed to Citi Chief Executive Officer Jane Fraser, the regulator’s Division of Corporate Finance has also asked Citigroup to disclose risks from sanctions on Russia and potential roadblocks to the sale of the lender’s assets in the country, the filing said.The contents of the letter were in line with guidance posted on …
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