Citigroup Inc. (NYSE:C) reportedly breached a U.S. Federal Reserve rule on intercompany transactions, leading to errors in its internal liquidity reporting. According to the document, which provides a 2023 year-end snapshot of some of Citigroup’s work on regulatory issues “the firm’s subsequent reaction to the breaches resulted in liquidity reporting inaccuracies,” said Reuters. These infractions are being reported for the first time. Regulation W mandates banks limit transactions, such as loans, with their affiliates to protect depositors with government-insured funds up to $250,000. The Regulation W violations come as Citigroup addresses other issues with its risk management and internal controls. According to the document, ...