At least in the eyes of bank regulators. Wall Street on Parade has a sampling of the fines imposed on Citi since 2002. The sampling of 17 (better than one a year) is from all over the world. The fines range from $25,000,000 to over $7 billion. Citi has paid fines to the Financial Industry Regulatory Authority (FINRA) 408 times. Yet from 2007 to 2010, in the largest bank bailout in history, Citi received over $2.3 trillion, including TARP funds $45 billion plus $306 billion in asset guarantees.
Interestingly enough, while Citigroup was being charged interest of less than one percent by the government, the bank was charging double digit interest rates to some of its credit card customers.
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