Citigroup investors sue its board of directors over compliance failings

Citigroup investors are suing the firm's board of directors in the US for spending billions worth of stockbroker funds on fines, fees and settlements, accusing the bank of failing to ensure sufficient internal compliance. 

By John Kennedy (April 5, 2016, 9:12 PM EDT) -- Citigroup Inc. investors have sued the company's board of directors for spending billions worth of stockholder funds on fines, fees and settlements because its members "sat like stones growing moss" instead of ensuring sufficient internal compliance, according to a lawsuit unsealed Monday in Delaware's chancery court....

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