Bank of England hits Citigroup with biggest fine to date

LONDON (Reuters) - The Bank of England fined Citigroup 43.9 million pounds on Tuesday, saying the U.S. banking group's British operations failed to provide it with accurate regulatory returns between 2014 and 2018.Imposing its biggest fine to date, the Prudential Regulation Authority (PRA), the BoE's banking supervisory arm, said Citigroup's UK framework for reporting data to regulators was not designed, implemented or operating effectively.It is mandatory for banks to report a broad range of..